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Property profile & analytics
OFF-MARKET
Specialty properties

1 Confidential Ave Hobart, IN 46342

2,284 SF 0.33 ac lot Built 1930
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 2,284-square-foot, single-story garage building situated on a 0.33-acre lot in Hobart, Indiana. Constructed in 1930, the property boasts 100% occupancy and is currently utilized as an auto dealership and rental car business. The sale includes both the real estate and the established business, offering a unique chance for an operator to acquire a turnkey operation with significant growth potential. The asking price is $800,000, translating to $350.26 per square foot. The seller is offering favorable financing terms, including floor plan financing, to facilitate a smooth transition. A key staff member will assist with the transition, ensuring operational continuity. The business benefits from a dedicated team of six experienced employees, contributing to its efficient operational structure and low overhead. This presents a rare opportunity to acquire a well-established business with a strong community presence and a solid foundation for future success. The property's long-term stability is further enhanced by the inclusion of the real estate in the sale. The seller, after over five decades of operation, is seeking retirement, making this a compelling acquisition for a buyer seeking both a business and a valuable real estate asset.

Property profile
Verified
Property type Specialty properties
Year built 1930
Total area 2,284 SF
Lot 0.33 ac (14,375 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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