Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Auto shops
1920 Lebanon St Lebanon, IN 46052-1505
Entity Owned
~
Est. High Equity
Property ID
US31-2022697
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1990
Construction
TYPE NOT SPECIFIED
Total area
10,934 SF
Lot
4.42 ac (192,535 SF)
Zoning code
ZO01
APN
06-10-25-000-199.000-002
UPID
US31-2022697
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
-
Bill Estes Chevrolet Buick GMC Service Department Auto Repair Shop
-
Bill Estes Chevrolet Buick GMC Parts Department Auto Parts Store
-
CHEVROLET at BILL ESTES Car Dealership Auto Repair Shop
-
GMC at BILL ESTES Car Dealership
-
BUICK at BILL ESTES Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
P4 Holdings LLC
P4 Holdings LLC
since 2025
6 recorded transactions
Zoning & alternative use
ZO01 · Lebanon, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
§ 1.1 TITLE.
Top alternative use upside
Restaurant
$1.1M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,125,000
Current use
RESTAURANT
$1,125,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$91 / 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
$44,449
Tax year 2023
Assessed value
$2,149,800
Assessed 2023
Previous assessed
$2,149,800
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$434,500
Assessed improvement
$1,715,300
Land market value
$434,500
Improvement market value
$1,715,300
Total market value
$2,149,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Total area
10,934 SF
Lot
4.42 ac (192,535 SF)
Zoning code
ZO01
APN
06-10-25-000-199.000-002
UPID
US31-2022697
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Lebanon, INZoning ZO01 · permitted uses
ZO01 · Lebanon, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 1.1 TITLE.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$930,000
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
1990
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Lot
4.42 ac
Current owner
From public records · entity-resolved
P4 Holdings LLC
Entity
Mailing address
2905 PREMIERE PKWY STE #300, DULUTH, GA 30097-5240
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
P4 Holdings LLC
Asbury In Cbg LLC
Warranty Deed
$3,500,000 · German American Bank Corp
Nov 10, 2025
$3,500,000
P4 Holdings LLC
Asbury In Cbg LLC
Warranty Deed
$3,500,000 · German American Bank Corp
Dec 29, 2021
—
Asbury In Cbg LLC
—
Deed
related
$10,001 · Bank Of America
Mar 1, 2019
—
Asbury In Cbg LLC
Estes North Lebanon Realty LLC
Warranty Deed
—
Feb 22, 2019
—
Estes North Lebanon Realty LLC
Estes North Lebanon Realty LLC
Intrafamily Transfer
related
—
Feb 1, 2019
—
Weg Lebanon LLC
—
Deed
related
$1,132,000 · First Farmers Bank & Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1920 Lebanon St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
