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Property profile & analytics
OFF-MARKET
Retail space
124 Lebanon St, Lebanon, IN 46052-2541
Entity Owned
~
Est. High Equity
Property ID
US31-1484619
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
WOOD
Total area
6,478 SF
Lot
0.11 ac (4,922 SF)
Zoning code
ZO01
APN
06-10-36-016-017.003-002
UPID
US31-1484619
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
-
Carmack's Pub Bar & Pub
-
Echo Room Hotel & Motel Resort
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
Eichman Corner LLC
Eichman Corner LLC
since 2025
Last sale
$200,000
7 recorded transactions
Zoning & alternative use
ZO01 · Lebanon, 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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$7,921
Tax year 2023
Assessed value
$383,100
Assessed 2023
Previous assessed
$383,100
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$41,000
Assessed improvement
$342,100
Land market value
$41,000
Improvement market value
$342,100
Total market value
$383,100
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Total area
6,478 SF
Lot
0.11 ac (4,922 SF)
Zoning code
ZO01
APN
06-10-36-016-017.003-002
UPID
US31-1484619
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Lebanon, IN
Zoning ZO01 · permitted uses
ZO01 · Lebanon, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lebanon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Eichman Corner LLC
Entity
Mailing address
14350 MUNDY DR STE #800, NOBLESVILLE, IN 46060-7229
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2025
—
Eichman Corner LLC
City Of Lebanon
Deed
$800,000 · Farmers Bank
May 10, 2024
—
Dani Bar Babe LLC
—
Deed
related
—
Mar 12, 2024
—
Colliers Corner LLC
Justin Carmack
Warranty Deed
$480,000 · Farmers Bank
Mar 12, 2024
$200,000
Colliers Corner LLC
Justin Carmack
Warranty Deed
$480,000 · Farmers Bank
Apr 19, 2023
$495,000
City Of Lebanon
Emj Properties LLC
Special Warranty Deed
—
Dec 30, 2020
—
Justin Carmack
M/e Renovations LLC
Warranty Deed
$320,000 · Farmers Bank
Dec 29, 2020
—
M/e Renovations LLC
Ronnie Lee Boone
Warranty Deed
—
Nov 6, 2008
—
Ronnie Lee Boone
Janet Sue Boone
Intrafamily Transfer
related
—
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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