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    Automotive Service Business and Real Estate Title is generated by Realmo AI

    210 W Silver Street, Sullivan, IN 47882

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    For Sale
    $559,000

    SINGLE_FAMILY - Sullivan, IN

    Type:Retail
    Lot size:
    0.55 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 210 W Silver Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C
    Standard status
    Active
    APN
    77-07-33-000-043.000-012
    Lot size
    0.55 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Wes W Bedwell, Jr

    Listing agent Wes W Bedwell, Jr License #RB14025748

    Listing office SIGNATURE REAL ESTATE 1313 N SECTION, IN

    Listing date Jun 3, 2026

    MLS# 109550

    Copyright © 2026 Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Includes sale of both real estate and an operating automotive business (sale includes business, equipment, tools, and inventory).
    • Business expanded by adding an alignment rack and additional automotive services.
    • Operating business and established customer base included with the sale.
    • Two commercial parcels on more than half an acre with ample parking and room for vehicle storage.
    • Heating: natural gas.

    Overview

    This offering includes an operating automotive service business together with the related real estate. The sale includes two commercial parcels totaling approximately 0.55 acres, as well as the business assets needed to operate from day one, including equipment, tools, and inventory. The current operation has been expanded to include an alignment rack and additional automotive services.

    The property is located at 210 W Silver Street in Sullivan, Indiana. The site provides ample parking and room for vehicle storage, supporting customer service and service-bay workflow for an automotive use.

    This is well suited for an automotive professional or operator seeking to acquire an established, operational shop with the necessary day-to-day assets included in the sale. It can also appeal to buyers looking to combine business ownership with the convenience of on-site real estate and existing operational equipment, tools, and inventory. Financial information is available to qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sullivan Tire Mart (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sullivan Tire Mart — 210 W Silver St, Sullivan, IN 47882
    • Jerry's Body Shop — sullivan, in 47882
    • Sound Decision Exhaust Center Inc — 523 s section st, sullivan, in 47882

    Location Insight

    • Map
    • Local Demand
    City
    Sullivan
    County
    Sullivan
    State
    Indiana
    Longitude
    -87.410223
    Latitude
    39.084815

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    FAQs

    What type of property is this?
    Auto shop - For sale with real estate plus complete automotive operation, equipment, tools, and inventory on two parcels with ample parking.
    Where is this auto shop located?
    The property is located at 210 W Silver Street Sullivan, IN.
    What is the asking price?
    The asking price for this property is $559,000.
    What are key features of this property?
    This property features: Includes sale of both real estate and an operating automotive business (sale includes business, equipment, tools, and inventory).; Business expanded by adding an alignment rack and additional automotive services.; Operating business and established customer base included with the sale.
    (812) 208-7550
    We can help!
    Listing Contact
    Wes W Bedwell, Jr
    Real Estate License ID: RB14025748
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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