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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Car washes
1307 Joliet St Dyer, IN 46311-2024
Entity Owned
~
Est. High Equity
Property ID
US31-1749805
Property summary
AI-generated overview
This exceptional investment opportunity presents a fee-simple owned Circle K car wash located at 1307 Joliet St, Dyer, IN 46311, within Lake County's Route 30 District. Built in 2013, the 2,345 square foot facility sits on a 0.43-acre lot and boasts 30 parking spaces. Currently operating at 100% occupancy with a corporate guarantee from Circle K, this property offers a compelling 6.00% cap rate and a strong NOI of $246,572. The absolute NNN lease structure ensures minimal landlord responsibilities, with annual rent increases built into the initial term and subsequent option periods. The property benefits from its strategic location in a dense retail corridor, near Dyer Town Center and Crossroads Shopping Center, and enjoys strong demographics within a 5-mile radius. The property's APN is 45-11-18-201-011.000-034. Seven years remain on the lease, with options to extend. This is a turnkey investment with significant upside potential. Asking price is $4,110,000.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2013
Construction
TYPE NOT SPECIFIED
Total area
4,950 SF
Lot
1.27 ac (55,495 SF)
APN
45-11-18-201-011.000-034
UPID
US31-1749805
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
-
Rainstorm Car Wash Car Wash
-
Pet Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$565k
Owner & transaction history
Macs Convenience Stores LLC
Macs Convenience Stores LLC
since 2026
7 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 Dyer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dyer 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
Method
Estimation
Statistic approach
by Request
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$405,000
Current use
RETAIL STORES
$345,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$114 / SF
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 2022Property tax & assessments
Tax year 2022
Tax billed
$20,161
Tax year 2022
Assessed value
$983,900
Assessed 2023
Previous assessed
$885,400
+11.1% YoY
Effective rate
2.05%
On assessed value
Assessed land
$477,600
Assessed improvement
$506,300
Land market value
$477,600
Improvement market value
$506,300
Total market value
$983,900
Applied tax rate
34.0000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2013
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
4,950 SF
Lot
1.27 ac (55,495 SF)
APN
45-11-18-201-011.000-034
UPID
US31-1749805
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$405,000
RETAIL STORES
Est. value
$345,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Macs Convenience Stores LLC
Entity
Mailing address
1255 W RIO SALADO PKWY STE #111, TEMPE, AZ 85281-2892
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
—
Macs Convenience Stores LLC
True Blue Car Wash LLC
Deed
—
Jun 12, 2020
—
True Blue Car Wash LLC
—
Deed
related
$77,000 · Capital One NA
Jul 26, 2018
—
Store Master Funding Xii LLC
Aqua Express Carwash II LLC
Special Warranty Deed
$2,930,000 · Citibank NA
Sep 21, 2010
—
Aqua Express Carwash II LLC
Costanza,karen
Warranty Deed
$1,355,000 · First Midwest Bank
Feb 22, 2008
—
Karen Costanza
Jjb Properties LLC
Warranty Deed
—
Mar 10, 2006
—
Jjb Properties LLC
Kaufman Sol R Trust
Quit Claim Deed
related
—
Jan 15, 2004
—
Kaufman,sol R Trust
Kaufman,solomon R
Quit Claim Deed
related
—
—
—
Aqua Express Carwash II LLC
—
Loan Modification
related
—
—
—
Aqua Express Carwash II LLC
—
Deed Of Trust
related
$821,000 · Small Business Growth Corp
—
—
True Blue Car Wash LLC
—
Deed Of Trust
related
$77,000 · Capital One NA
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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