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Property profile & analytics
FOR SALE
Auto shops
2303 N Oak Dr Plymouth, IN 46563
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US31-2072109
For Sale
1 / 44
$2,990,000
2303 N Oak Dr, Plymouth, IN 46563
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Property summary
AI-generated overview
This exceptional 21,000+ square foot commercial facility presents a unique investment opportunity in Plymouth, Indiana. Situated on a sizable 8.04-acre lot, this property boasts unparalleled visibility due to its prime location adjacent to a Walmart Supercenter and a bustling strip mall, directly accessible from US Highway 30. The extensive blacktop parking area ensures ample space for customers and employees. The building itself features a substantial indoor showroom, ideal for showcasing products or services. A large service area is equipped with seven vehicle lifts, a secondary alignment bay, and a dedicated detail shop, making it perfectly suited for automotive-related businesses or similar operations requiring significant workspace. Multiple offices, including modern glass-walled spaces, provide a professional and efficient work environment. The expansive paved acreage offers significant flexibility for outdoor storage, future expansion, or additional development. Priced at $2,995,000, this property represents an exceptional value for its size, location, and potential. The versatility of this property makes it suitable for a wide range of commercial uses, from automotive dealerships and service centers to retail establishments and other ventures. Don't miss this chance to acquire a high-profile commercial property with significant growth potential in a thriving market.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
17,150 SF
Lot
8.04 ac (350,222 SF)
APN
50-42-30-404-007.000-019
UPID
US31-2072109
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Norfalk Properties LLC · 10 yrs held
Norfalk Properties LLC
since 2015
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+32.5%
Retail stores
$1.2M
+29.9%
Medical building
$1.1M
+15.6%
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 Plymouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plymouth 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
$925,000
Current use
RESTAURANT
$1,225,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$1,200,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$1,070,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$875,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$49 / 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
$29,364
Tax year 2023
Assessed value
$975,800
Assessed 2023
Previous assessed
$975,800
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$237,100
Assessed improvement
$738,700
Land market value
$237,100
Improvement market value
$738,700
Total market value
$975,800
Applied tax rate
19.0000
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
For Sale
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
17,150 SF
Lot
8.04 ac (350,222 SF)
APN
50-42-30-404-007.000-019
UPID
US31-2072109
Jurisdiction
MARSHALL
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
$925,000
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$875,000
AUTO REPAIR, GARAGE Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
2000
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
8.04 ac
Current owner
From public records · entity-resolved
Norfalk Properties LLC
Entity
Mailing address
2303 N OAK DR, PLYMOUTH, IN 46563-3437
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2015
—
Norfalk Properties LLC
Lt Leasco LLC
Warranty Deed
$2,678,300 · Lake City Bank
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.
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