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Property profile & analytics
OFF-MARKET
Commercial real estate
121 King St Garrett, IN 46738-1133
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-0811935
Property summary
AI-generated overview
This exceptional 2,000 square foot commercial property, located at 121 W King Street in Garrett, Indiana, presents a unique investment opportunity. Situated on a 0.05-acre lot, this prime corner location offers unparalleled visibility, directly across from the Garrett State Bank. Currently configured as a restaurant, the space is easily adaptable to a variety of uses, including office space. The sale includes all existing restaurant equipment, tables, booths, and chairs, representing significant value for the buyer. The property's versatile layout and desirable location make it an ideal choice for entrepreneurs seeking a turnkey operation or a business looking to establish a strong presence in the heart of Garrett. The address is 121 W King Street, Garrett, IN 46738. The asking price is $64,900. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and return on investment. Don't miss out on this chance to own a piece of Garrett's vibrant business community.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
WOOD
Total area
1,920 SF
Lot
0.05 ac (2,004 SF)
APN
17-09-04-234-001.000-013
UPID
US31-0811935
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Seven Star Properties LLC · 1 yrs held
Seven Star Properties LLC
since 2024
2 recorded transactions
Zoning & alternative use
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 Garrett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garrett 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
$1,079
Tax year 2023
Assessed value
$39,000
Assessed 2023
Previous assessed
$39,000
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$5,900
Assessed improvement
$33,100
Land market value
$5,900
Improvement market value
$33,100
Total market value
$39,000
Applied tax rate
26.0000
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
1920
Construction
WOOD
Heating
NONE
Stories
2
Total area
1,920 SF
Lot
0.05 ac (2,004 SF)
APN
17-09-04-234-001.000-013
UPID
US31-0811935
Jurisdiction
DE KALB
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Seven Star Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
515 E HL ST, GARRETT, IN 46738-2030
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
—
Seven Star Properties LLC
Gabriela Aguirre Arya
Warranty Deed
—
Mar 23, 2018
—
Gabriela Aguirre Arya
Timothy C Smith
Warranty 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.
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