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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Car washes
8585 Rdg Rd Hobart, IN 46342-2553
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-0932616
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2019
Construction
TYPE NOT SPECIFIED
Total area
5,940 SF
Lot
2.63 ac (114,606 SF)
APN
45-09-28-126-002.000-018
UPID
US31-0932616
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
-
Rainstorm Car Wash Car Wash
-
Vacuum Service Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$615k
Owner & transaction history
Store Master Funding Xiii LLC · 5 yrs held
Store Master Funding Xiii LLC
since 2021
7 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 Hobart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hobart 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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$545,000
Current use
RESTAURANT
$520,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$104 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$36,716
Tax year 2022
Assessed value
$1,464,800
Assessed 2023
Previous assessed
$1,084,800
+35.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$492,400
Assessed improvement
$972,400
Land market value
$492,400
Improvement market value
$972,400
Total market value
$1,464,800
Applied tax rate
18.0000
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
Off-Market
Year built
2019
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
5,940 SF
Lot
2.63 ac (114,606 SF)
APN
45-09-28-126-002.000-018
UPID
US31-0932616
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
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
$545,000
RESTAURANT
Est. value
$520,000
AUTO REPAIR, GARAGE Current
RESTAURANT
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
2019
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.63 ac
Current owner
From public records · entity-resolved
Store Master Funding Xiii LLC
Entity
Mailing address
1255 W RIO SALADO PKWY STE #111, TEMPE, AZ 85281-2892
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2021
—
True Blue Car Wash LLC
—
Deed
related
—
Mar 4, 2021
—
Store Master Funding Xiii LLC
Hobart Express Carwash LLC
Special Warranty Deed
—
Dec 22, 2020
—
Hobart Express Carwash LLC
Arizona LP
Grant Deed
—
Jun 10, 2020
—
Hobart Express Carwash LLC
—
Deed
related
—
Oct 7, 2019
—
Hobart Express Carwash LLC
—
Deed
related
—
Jan 23, 2019
—
Hobart Express Carwash LLC
—
Deed
related
$500,000 · First Nations Bank
Jul 10, 2018
—
Hobart Express Carwash LLC
37th Avenue Carwash LP
Grant Deed
—
Feb 13, 2017
—
37th Avenue Carwash LP
—
Deed
related
$4,040,000 · Pinnacle Dvrsfd Private Income
Oct 12, 2016
—
37th Avenue Carwash LP
—
Deed
related
$1,090,000 · Pinnacle Diversified Private
Jun 28, 2016
$325,000
37th Avenue Carwash LP
Zoom Clean INC
Grant Deed
—
—
—
Hobart Express Carwash LLC
—
Loan Modification, Consolidation And Extension
related
—
—
—
Hobart Express Carwash LLC
—
Loan Modification
related
—
—
—
37th Avenue Carwash LP
—
Deed Of Trust
related
$1,090,000 · Pinnacle Diversified Private
—
—
37th Avenue Carwash LP
—
Loan Modification
related
$4,040,000 · Pinnacle Dvrsfd Private Income
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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