Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1702 Main St Rochester, IN 46975-2624

    • Auto shops
    • 14,115 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0975516
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mike Anderson Chrysler Dodge Jeep Ram of Rochester / Car Dealership / Auto Repair Shop
    • Mike Anderson Express Lane / Auto Repair Shop
    • Mike Anderson Super Center / Car Dealership
    • Mike Anderson - Jeep / Car Dealership / Auto Repair Shop

    Property Details for 1702 Main St

    Year built
    2002
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.70 lot acres
    Property size
    14,115 SF
    Property type
    Auto shops
    APN
    25-07-92-396-012.000-009
    APU
    250792396012000009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,005,000
      Current use
      RETAIL STORES
      $1,315,000
      Change: +31% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,010,000
      Change: +1% Conversion: Moderate
      RESTAURANT
      $985,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Fulton
    State
    Indiana
    Longitude
    -86.2179
    Latitude
    41.0557

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,180
    $59,500
    $765,700
    $825,200
    -
    $59,500
    $765,700
    $825,200

    Comparable in this City

    • Value Estimation by Request
      4,148 SF

      6944 State Rd 25

      AUTO REPAIR, GARAGE • 4,148 SF
      6944 State Rd 25, Rochester, IN 46975-8068
      View Details
    • Value Estimation
      $825,000
      14,400 SF

      1520 9th St

      AUTO REPAIR, GARAGE • 14,400 SF
      1520 9th St, Rochester, IN 46975-8903
      View Details
    • Value Estimation
      $1,030,000
      19,200 SF

      209 Blacketor Dr

      AUTO REPAIR, GARAGE • 19,200 SF
      209 Blacketor Dr, Rochester, IN 46975
      View Details
    • Value Estimation by Request
      4,054 SF

      652 18th St

      AUTO REPAIR, GARAGE • 4,054 SF
      652 18th St, Rochester, IN 46975-2636
      View Details
    • Value Estimation by Request
      2,852 SF

      8 50th N

      AUTO REPAIR, GARAGE • 2,852 SF
      8 50th N, Rochester, IN 46975
      View Details
    • Value Estimation by Request
      7,275 SF

      119 4th St

      AUTO REPAIR, GARAGE • 7,275 SF
      119 4th St, Rochester, IN 46975-1201
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Drive-Thru ATM For Sale

      Drive-thru ATM on 0.444 acres, Rochester, Indiana.
      2110 Main St, Rochester, IN 46975
      View Details
    • $945,000
      5,162 SF

      Steamliner Restaurant - Rochester, IN

      Turnkey Restaurant, 5162 SF, 2.25 Acres
      201 9Th St, Rochester, IN 46975
      View Details
    • $1,125,000
      0.23 Acres

      Turn-Key Restaurant with Multiple Income

      Established restaurant and pub with catering business in downtown Rochester.
      701 Main St, Rochester, IN 46975
      View Details
    • Contact for pricing
      5,162 SF

      Restaurant and Duplex in Rochester

      Well-maintained restaurant with duplex on 2.25 acres.
      201 E 9Th St, Rochester, IN 46975
      View Details
    • Contact for pricing
      Pending

      Residential Land in Country Setting

      Residential land in a country setting near Rochester, Indiana.
      Tbd Buskirk Dr, Rochester, IN 46975
      View Details
    • Contact for pricing
      Pending

      Residential Land in Country Setting

      Residential land in a country setting near Rochester, Indiana.
      Tbd Buskirk Dr, Rochester, IN 46975
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      28,000 SF

      Rochester Retail Center Investment Opportunity

      High-traffic retail space, multiple suites available.
      2312 State Road 14, Rochester, IN 46975
      View Details
    • Contact for pricing
      39,317 SF

      Rochester Plaza: Retail Space Available

      Prime Fulton County retail space for lease.
      0 Rochester Plz, Rochester, IN 46975
      View Details
    • $2 SF/Yr
      66,500 SF

      1400 Wabash Ave Warehouse

      Rochester, IN Industrial Warehouse
      1400 Wabash Ave, Rochester, IN 46975
      View Details
    • $6 SF/Yr
      2,040 SF

      Blacketor Commons: Light Industrial Space

      New Construction, Small-Shop Manufacturing Space Available
      385 Blacketor Dr, Rochester, IN 46975
      View Details
    • Contact for pricing
      77,000 SF

      Industrial Warehouse Space Available

      77,000 SF industrial warehouse for lease.
      4163 N Old Us Highway 31, Rochester, IN 46975
      View Details
    • $3 SF/Yr
      138,781 SF

      Rochester Industrial Flex Space

      138,781 SF Flex Space in Fulton County
      4366 Old Us Highway 31, Rochester, IN 46975
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1702 Main St
    Rochester, IN 46975-2624
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!