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Property profile & analytics
FOR SALE
Auto shops
4120 S Us Highway 41 Terre Haute, IN 47802
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-1496002
For Sale
1 / 41
$5,250,000
4120 S Us Highway 41, Terre Haute, IN 47802
View Listing →
Property summary
AI-generated overview
This exceptional 18,788-square-foot auto dealership, situated on a sizable 7-acre lot in Terre Haute, Indiana, presents a unique investment opportunity. Currently operating as a Dodge/RAM dealership, the property boasts a prime location along US Highway 41 South, a high-traffic corridor with a remarkable 37,237 vehicles passing daily. Built in 1968 and extensively renovated in 2023, including a new roof, the property features two buildings totaling over 19,000 square feet. Its strategic location is surrounded by thriving retail establishments and numerous restaurants, ensuring high visibility and accessibility. The property is zoned C, permitting a variety of uses beyond its current configuration, making it ideal for redevelopment or continued operation as an auto dealership. The asking price is $7,350,000. This property offers significant potential for investors seeking a high-traffic location with substantial square footage and the flexibility to adapt to various business needs. The combination of its prime location, recent renovations, and versatile zoning makes this a truly compelling investment opportunity in a growing market. The property's address is 4120 S US Hwy 41, Terre Haute, IN 47802.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
22,148 SF
Lot
5.3 ac (230,868 SF)
APN
84-09-09-202-001.000-004
UPID
US31-1496002
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
-
Dorsett Dodge Ram Car Dealership Auto Repair Shop
-
Don's Daily Deals Car Dealership
-
Vigo Dodge 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
$1.22M
Owner & transaction history
Dorsett LLC · 3 yrs held
Dorsett LLC
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+42.9%
Restaurant
$1.8M
+41.3%
Medical building
$1.7M
+36.4%
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 Terre Haute submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Terre Haute 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
$1,245,000
Current use
COMMERCIAL (GENERAL)
$1,775,000
Change: +43% · Conversion: Moderate
RESTAURANT
$1,760,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,695,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,675,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$1,460,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,020,000
Change: -18% · Conversion: Easy
WAREHOUSE, STORAGE
$1,010,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$55 / 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
$40,115
Tax year 2023
Assessed value
$1,487,600
Assessed 2023
Previous assessed
$1,487,600
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$976,600
Assessed improvement
$511,000
Land market value
$976,600
Improvement market value
$511,000
Total market value
$1,487,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
2
Total area
22,148 SF
Lot
5.3 ac (230,868 SF)
APN
84-09-09-202-001.000-004
UPID
US31-1496002
Jurisdiction
VIGO
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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$1.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1968
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Buildings
2
Lot
5.3 ac
Current owner
From public records · entity-resolved
Dorsett LLC
Entity
Mailing address
10801 PETE DYE RDG, ZIONSVILLE, IN 46077-7859
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2023
—
Dorsett LLC
—
Deed
related
$3,600,000 · Old National Bank
Feb 1, 2021
—
Toni Family LLC
—
Deed
related
$6,000,000 · First Financial 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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