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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Car washes
1720 Lebanon St Lebanon, IN 46052-1501
Entity Owned
5-yr Hold
Free & Clear
Property ID
US31-1984534
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2022
Construction
TYPE NOT SPECIFIED
Total area
6,031 SF
Lot
0.99 ac (43,124 SF)
Zoning code
ZO01
APN
06-10-25-000-190.000-002
UPID
US31-1984534
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
-
Waters Jr George E MD Physician
-
Paul R. Honan, M.D. Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$940k
Blend (final)
Blend
$750k
Owner & transaction history
Jones Car Wash LLC · 5 yrs held
Jones Car Wash LLC
since 2020
4 recorded transactions
Zoning & alternative use
ZO01 · Lebanon, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$620,000
+0.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$620,000
Current use
RESTAURANT
$620,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$510,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$124 / 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
$43,901
Tax year 2023
Assessed value
$2,123,300
Assessed 2023
Previous assessed
$2,123,300
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$99,000
Assessed improvement
$2,024,300
Land market value
$99,000
Improvement market value
$2,024,300
Total market value
$2,123,300
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2022
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
8
Bathrooms
1
Total area
6,031 SF
Lot
0.99 ac (43,124 SF)
Zoning code
ZO01
APN
06-10-25-000-190.000-002
UPID
US31-1984534
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$620,000
RESTAURANT
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$510,000
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (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
2022
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Jones Car Wash LLC
Entity
Free & Clear · 5 yrs held
Mailing address
104 WINDING WAY, LEBANON, IN 46052-1259
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
—
Jones Car Wash LLC
David K Jones
Quit Claim Deed
related
—
Nov 6, 2019
—
David K Jones
—
Deed
related
$2,500,000 · North Salem State Bank
Aug 14, 2019
—
Susan E Jones
David A Honan
Quit Claim Deed
related
—
Aug 12, 2019
—
David A Honan
David A Honan
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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