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Property profile & analytics
FOR LEASE
Car washes
3711 W National Rd Richmond, IN 47374
Entity Owned
~
Est. High Equity
Property ID
US31-1620887
For Lease
1 / 12
$2,900/Mo
3711 W National Rd, Richmond, IN 47374
View Listing →
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1964
Construction
WOOD
Total area
4,648 SF
Lot
3 ac (130,680 SF)
Zoning code
ZO01
APN
89-10-22-320-203.000-005
UPID
US31-1620887
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
-
G & S Jewelers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richmond Storage LLC
Richmond Storage LLC
since 2025
7 recorded transactions
Zoning & alternative use
ZO01 · Richmond, 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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$13,517
Tax year 2022
Assessed value
$450,000
Assessed 2023
Previous assessed
$450,000
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$63,500
Assessed improvement
$386,500
Land market value
$63,500
Improvement market value
$386,500
Total market value
$450,000
Applied tax rate
4.0000
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
For Lease
Year built
1964
Construction
WOOD
Heating
NONE
Buildings
5
Stories
1
Total area
4,648 SF
Lot
3 ac (130,680 SF)
Zoning code
ZO01
APN
89-10-22-320-203.000-005
UPID
US31-1620887
Jurisdiction
WAYNE
Zoning & alternative use
ZO01 · Richmond, IN
Zoning ZO01 · permitted uses
ZO01 · Richmond, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Buildings
5
Lot
3 ac
Current owner
From public records · entity-resolved
Richmond Storage LLC
Entity
Mailing address
3711 NATIONAL RD W, RICHMOND, IN 47374-4701
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
$1,460,000
Richmond Storage LLC
Steven W Casebolt
Warranty Deed
$1,168,000 · First National Bank Of Omaha
Jul 31, 2025
$1,460,000
Steven W Casebolt
Americana Car Wash & Storage LLC
Warranty Deed
—
Feb 24, 2023
—
Jk Kroger Plz 2022 LLC
—
Deed
related
$2,853,798 · First Bank Richmond
Apr 29, 2022
—
Jk Richmond Arbor Commons
Jaffe Kanton Est 1955 LLC
Warranty Deed
—
Apr 7, 2022
$1,100,000
Jaffe Kantor Est 1955 LLC
Rpd Services INC
Warranty Deed
—
Nov 15, 2012
—
Americana Car Wash & Storage LLC
Bath State Bank
Warranty Deed
$273,087 · The Bath State Bank
Sep 6, 2012
$655,890
The Bath State Bank
Elite Express Car Wash INC
Sheriffs Deed
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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