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Property profile & analytics
OFF-MARKET
Turn key restaurants
113 Pearl St Thorntown, IN 46071-1145
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-0250702
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1870
Construction
WOOD
Total area
1,232 SF
Lot
0.14 ac (6,055 SF)
Zoning code
ZO01
APN
06-13-35-000-007.120-015
UPID
US31-0250702
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
-
Gun Dog Ranch Studio Marketing & Advertising Printing Service
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
Melanie A Gall · 2 yrs held
Melanie A Gall
since 2024
7 recorded transactions
Zoning & alternative use
ZO01 · Thorntown, 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 Thorntown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thorntown 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
$979
Tax year 2023
Assessed value
$55,700
Assessed 2023
Previous assessed
$55,700
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$18,200
Assessed improvement
$37,500
Land market value
$18,200
Improvement market value
$37,500
Total market value
$55,700
Applied tax rate
16.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1870
Construction
WOOD
Heating
GRAVITY
Stories
1
Rooms
8
Bathrooms
1
Total area
1,232 SF
Lot
0.14 ac (6,055 SF)
Zoning code
ZO01
APN
06-13-35-000-007.120-015
UPID
US31-0250702
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Thorntown, IN
Zoning ZO01 · permitted uses
ZO01 · Thorntown, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thorntown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1870
Construction
WOOD
Heating
GRAVITY
Stories
1
Rooms
8
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Melanie A Gall
Individual
Mailing address
11575 W 550TH ST N, THORNTOWN, IN 46071-8911
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
—
Melanie A Gall
Patricia D Gillogly
Warranty Deed
$128,282 · University Bank
Jul 10, 2024
$127,000
Melanie A Gall
Patricia D Gillogly
Warranty Deed
$128,282 · University Bank
Aug 21, 2014
—
Patricia D Gillogly
Martha V Daggy
Intrafamily Transfer
related
—
Jun 23, 2009
—
Martha V Daggy
Martha V Daggy
Correction Deed
related
—
May 27, 2008
—
Martha V Daggy
John Douglass
Warranty Deed
—
Mar 15, 2006
—
John Douglass
Board Of Trustees Throntown Public
Warranty Deed
—
Oct 3, 2005
—
Board Of Trustees
Mary Wyant Schrier
Warranty Deed
—
Aug 16, 2005
—
Mary Wyant Schrier
Mary Ann Brown
Personal Representative Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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