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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Auto shops
416 Halleck St Demotte, IN 46310-9502
Entity Owned
13-yr Hold
Free & Clear
Property ID
US31-1455729
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1963
Construction
TYPE NOT SPECIFIED
Total area
20,300 SF
Lot
2.08 ac (90,518 SF)
Zoning code
BUFF
APN
37-15-27-000-093.000-025
UPID
US31-1455729
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
-
Wiers Chevrolet Parts Auto Parts Store
-
Wiers Chevrolet GMC Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
Hamstra-wiers Real Estate LLC · 13 yrs held
Hamstra-wiers Real Estate LLC
since 2013
2 recorded transactions
Zoning & alternative use
BUFF · Demotte, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+26.5%
Commercial (general)
$1.5M
+22.3%
Apartment house (5+ units)
$1.5M
+20.6%
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 Demotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Demotte 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
$1,235,000
Current use
MEDICAL BUILDING
$1,560,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,510,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,490,000
Change: +21% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,400,000
Change: +14% · Conversion: Easy
RETAIL STORES
$1,325,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,215,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$48 / 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
$14,729
Tax year 2023
Assessed value
$1,151,000
Assessed 2023
Previous assessed
$1,151,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$97,700
Assessed improvement
$1,053,300
Land market value
$97,700
Improvement market value
$1,053,300
Total market value
$1,151,000
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
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
1963
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
20,300 SF
Lot
2.08 ac (90,518 SF)
Zoning code
BUFF
APN
37-15-27-000-093.000-025
UPID
US31-1455729
Jurisdiction
JASPER
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
BUFF · Demotte, IN
Zoning BUFF · permitted uses
BUFF · Demotte, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Demotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1963
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Hamstra-wiers Real Estate LLC
Entity
Free & Clear · 13 yrs held
Mailing address
12028 N 200TH W, WHEATFIELD, IN 46392-9615
Ownership since
2013
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
Oct 19, 2017
—
Hamstra Wiers Real Estate LLC
—
Deed
related
$2,044,488 · Key Bank NA
Jul 5, 2013
$700,000
Hamstra-wiers Real Estate LLC
Mw & Cw INC
Special Warranty Deed
—
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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