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Property profile & analytics
OFF-MARKET
Commercial real estate
1032 Main St Cloverdale, IN 46120-9391
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0017909
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Construction
WOOD
Total area
6,060 SF
Lot
12.5 ac (544,500 SF)
Zoning code
ZO01
APN
67-12-25-700-024.001-018
UPID
US31-0017909
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
Current use
Occupant on record · Public records
-
Subway Take-out & Catering
-
Cloverdale Marathon Truck Stop Gas Station
-
Hunt Brothers Pizza Restaurant
-
CAT Scale Parking Lot & Garage Gas Station
-
Cloverdale Kitchen Travel Plaza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hig Ref3 Gs2 LLC · 1 yrs held
Hig Ref3 Gs2 LLC
since 2025
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
ZO01 · Cloverdale, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cloverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cloverdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$38,832
Tax year 2023
Assessed value
$1,571,500
Assessed 2023
Previous assessed
$1,571,500
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$1,226,300
Assessed improvement
$345,200
Land market value
$1,226,300
Improvement market value
$345,200
Total market value
$1,571,500
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
6,060 SF
Lot
12.5 ac (544,500 SF)
Zoning code
ZO01
APN
67-12-25-700-024.001-018
UPID
US31-0017909
Jurisdiction
PUTNAM
Zoning & alternative use
ZO01 · Cloverdale, IN
Zoning ZO01 · permitted uses
ZO01 · Cloverdale, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cloverdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
12.5 ac
Current owner
From public records · entity-resolved
Hig Ref3 Gs2 LLC
Entity
Mailing address
1032 N MAIN ST, CLOVERDALE, IN 46120-9391
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
$6,000,000
Hig Ref3 Gs2 LLC
Munisuvrata Properties LLC
Special Warranty Deed
—
Jul 2, 2024
—
Munisuvrata Properties LLC
Ssb Properties LLC
Warranty Deed
$5,000,000 · Hanover Community Bank
May 26, 2022
—
Ssb Properties LLC
Dhillon & Sons INC
Warranty Deed
$1,800,000 · Pacwest Funding INC
Jun 12, 2019
—
Dhillon & Sons INC
Royal Fuel LLC
Warranty Deed
$850,000 · Farmers Bank
Jun 12, 2019
$1,250,000
Royal Fuel LLC
Dhillons Investment LLC
Grant Deed
—
Sep 12, 2016
—
Dhillons Investment LLC
Eh Property Management LLC
Deed
$1,050,000 · First National Bank
Jan 17, 2006
—
Ashutosh Corp LLC
Cloverdale Travel Plaza INC
Warranty Deed
$2,500,000 · First National Bank
—
—
Gsj Properties LLC
—
Deed Of Trust
related
$104,000 · German American Bancorp
—
—
Eh Property Management LLC
—
Deed Of Trust
related
$75,030 · First Nat'l Bk
—
—
Dhillons Invs LLC
—
Deed Of Trust
related
—
—
—
Ashutosh Corp LLC
—
Deed Of Trust
related
$300,000 · First National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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