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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    673 Grn St Brownsburg, IN 46112-1028

    • Auto shops
    • 4,000 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1096333
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mears Automotive - Brownsburg / Car Repair And Maintenance Service / Auto Repair Shop

    Property Details for 673 Grn St

    Year built
    1978
    Construction
    WOOD
    Lot size
    0.76 lot acres
    Property size
    4,000 SF
    Property type
    Auto shops
    APN
    32-07-02-385-005.000-016
    APU
    320702385005000016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $185,000
      Current use
      MEDICAL BUILDING
      $395,000
      Change: +113% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $315,000
      Change: +69% Conversion: Moderate
      RETAIL STORES
      $310,000
      Change: +67% Conversion: Difficult
      WAREHOUSE, STORAGE
      $185,000
      Change: -1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brownsburg
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3928
    Latitude
    39.8534
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,805
    $119,700
    $53,600
    $173,300
    -
    $119,700
    $53,600
    $173,300

    Comparable in this City

    • Value Estimation
      $320,000
      5,250 SF

      9 Commerce Dr

      AUTO REPAIR, GARAGE • 5,250 SF
      9 Commerce Dr, Brownsburg, IN 46112-9020
      View Details
    • Value Estimation
      $500,000
      7,620 SF

      375 Northfield Dr

      AUTO REPAIR, GARAGE • 7,620 SF
      375 Northfield Dr, Brownsburg, IN 46112-7361
      View Details
    • Value Estimation
      $360,000
      12,888 SF

      1100 Main St

      AUTO REPAIR, GARAGE • 12,888 SF
      1100 Main St, Brownsburg, IN 46112-1456
      View Details
    • Value Estimation
      $270,000
      1,380 SF

      49 Jefferson St

      AUTO REPAIR, GARAGE • 1,380 SF
      49 Jefferson St, Brownsburg, IN 46112-1258
      View Details
    • Value Estimation
      $540,000
      42,184 SF

      450 Northfield Dr

      AUTO REPAIR, GARAGE • 42,184 SF
      450 Northfield Dr, Brownsburg, IN 46112-2113
      View Details
    • Value Estimation by Request
      38,998 SF

      570 Airport Rd

      AUTO REPAIR, GARAGE • 38,998 SF
      570 Airport Rd, Brownsburg, IN 46112-1986
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      Brownsburg Mixed-Use Development

      Prime location, high growth area, 10,000 SF potential.
      8050 Ortho Ln, Brownsburg, IN 46112
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    • $4,508,224
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      Established CVS Property in Brownsburg

      NNN lease CVS with strong sales and premier location.
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      New Corporate Ground Lease Opportunity

      20-year corporate ground lease in growing Indianapolis suburb.
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      16.00 Acres

      Brownsburg Commercial Land - 16 Acres

      Prime Commercial Land, High Traffic, Growing Area
      0 State Road 267, Brownsburg, IN 46112
      View Details
    • Contact for pricing

      23.5 Acres Development Ground

      23.5 acres of prime development ground in Brownsburg, Indiana.
      6780 N County Road 625 E, Brownsburg, IN 46112
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    • Contact for pricing

      Prime Development Land in Brownsburg

      High-visibility land for retail and restaurant development in Brownsburg, Indiana.
      104 E Northfield Dr, Brownsburg, IN 46112
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    Similar Nearby for Lease

    • Contact for pricing
      1,995 SF

      Retail Space in Brownsburg

      Retail space available in established Brownsburg trade area.
      812 E Main St, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      8,844 SF

      Brownsburg Retail Space For Lease

      Restaurant Space, Multiple Units Available
      3OO Green St, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      4,685 SF

      Retail Space in Growing Suburb

      Retail opportunity in Brownsburg, Indiana, near Indianapolis.
      578 W Northfield Dr, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      48,000 SF

      Brownsburg Commercial Development Opportunity

      Prime Brownsburg location, flexible space, high growth area.
      0 Hornaday Rd, Brownsburg, IN 46112
      View Details
    • Contact for pricing

      Land for Future Development

      Land available in Brownsburg, Indiana, near Indianapolis.
      601 West Northfield Dr, Brownsburg, IN 46112
      View Details
    • Contact for pricing
      673,920 SF

      Available Industrial Space in Brownsburg

      Flexible warehouse and distribution space with excellent road connectivity.
      4852 N County Road 900 E, Brownsburg, IN 46112
      View Details
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    673 Grn St
    Brownsburg, IN 46112-1028
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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