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Property profile & analytics
OFF-MARKET
Auto shops
505 Tibbs Ave Indianapolis, IN 46241-1630
Individually Owned
1-yr Hold
Free & Clear
Property ID
US31-1253285
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
8,000 SF
Lot
2.69 ac (116,987 SF)
APN
49-11-09-117-017.000-901
UPID
US31-1253285
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
-
Two Little Bee's Auto Parts Big Box & Wholesale Store Auto Parts Store
-
Lantz's Coachworks Auto Repair Shop
-
A1junkcarbuyers Auto Parts Store Waste Management Facility
-
A1 Junk Car Buyers Auto Parts Store Waste Management Facility
-
mr junk a car Corporate Office
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
Oliverio Guzman · 1 yrs held
Oliverio Guzman
since 2025
6 recorded transactions
Zoning & alternative use
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 Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,983
Tax year 2023
Assessed value
$289,800
Assessed 2023
Previous assessed
$289,800
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$132,700
Assessed improvement
$157,100
Land market value
$132,700
Improvement market value
$157,100
Total market value
$289,800
Applied tax rate
901.0000
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
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Total area
8,000 SF
Lot
2.69 ac (116,987 SF)
APN
49-11-09-117-017.000-901
UPID
US31-1253285
Jurisdiction
MARION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Lot
2.69 ac
Current owner
From public records · entity-resolved
Oliverio Guzman
Individual
Free & Clear · 1 yrs held
Mailing address
808 S KENTUCKY AVE, EVANSVILLE, IN 47714-1835
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
May 14, 2025
—
Oliverio Guzman
Josefina Guzman
Deed
related
—
Jul 16, 2024
—
Lantz Trust
Thomas M Lantz
Deed
—
Jun 1, 2023
—
Amy C Lantz
Thomas M Lantz
Transfer On Death Deed
related
—
Feb 16, 2011
$2,000
Zebrowski,richard W
Marion Cnty Board Of Commissioner
Quit Claim Deed
related
—
Jan 27, 2011
$1,336
Marion County
Auditor Of Marion County
Tax Deed
related
—
Sep 10, 2008
$225,000
Oliverio Guzman
Scarbrough,james & Patricia
Grant 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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