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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Grocery and convenience stores
13550 Us Hwy 231 Remington, IN 47977-8763
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-1977678
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1977
Construction
WOOD
Total area
5,798 SF
Lot
6.21 ac (270,508 SF)
Zoning code
HC
APN
37-01-01-000-023.000-002
UPID
US31-1977678
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
-
Midwest Truck Stop/Lucky's Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$378k
Blend (final)
Blend
$625k
Owner & transaction history
Remington Truck Stop LLC · 5 yrs held
Remington Truck Stop LLC
since 2021
Last sale
$625,000
2 recorded transactions
Zoning & alternative use
HC · Remington, 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 Remington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Remington 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
$630,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$575,000
Change: 0% · Conversion: Easy
RESTAURANT
$515,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$445,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$425,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$420,000
Change: 0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$400,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Mar 12 2021)
Last sale anchor
$625k
Mar 12 2021
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
$108 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,999
Tax year 2023
Assessed value
$591,600
Assessed 2023
Previous assessed
$591,600
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$290,100
Assessed improvement
$301,500
Land market value
$290,100
Improvement market value
$301,500
Total market value
$591,600
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,798 SF
Lot
6.21 ac (270,508 SF)
Zoning code
HC
APN
37-01-01-000-023.000-002
UPID
US31-1977678
Jurisdiction
JASPER
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
HC · Remington, IN
Zoning HC · permitted uses
HC · Remington, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Remington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$575,000
RESTAURANT
Est. value
$515,000
MEDICAL BUILDING
Est. value
$445,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$425,000
RETAIL STORES
Est. value
$420,000
INDUSTRIAL (GENERAL)
Est. value
$400,000
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Lot
6.21 ac
Current owner
From public records · entity-resolved
Remington Truck Stop LLC
Entity
Mailing address
135 N PENNSYLVANIA ST STE #1610, INDIANAPOLIS, IN 46204-2448
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Apr 21, 2025
—
Remington Truck Stop LLC
—
Deed
related
$500,000 · World Fuel Services INC
Mar 12, 2021
$625,000
Remington Truck Stop LLC
Oakpark Oil Company
Special Warranty Deed
$10,000 · Private Mortgage Investments LLC
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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