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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Auto shops
9136 State Rd 15 Silver Lake, IN 46982-9124
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-1513534
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1975
Construction
TYPE NOT SPECIFIED
Total area
17,244 SF
Lot
6.67 ac (290,545 SF)
Zoning code
IND-2
APN
43-15-32-400-053.000-013
UPID
US31-1513534
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$800k
Owner & transaction history
Best One Silver Lake Holdings LLC · 2 yrs held
Best One Silver Lake Holdings LLC
since 2024
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
IND-2 · Silver Lake, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
KMBT_C284-20170116151457
Top alternative use upside
Medical building
$1.1M
+3.0%
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 Silver Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silver Lake 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,065,000
Current use
MEDICAL BUILDING
$1,095,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,020,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Mar 1 2024)
Last sale anchor
$800k
Mar 1 2024
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
$46 / 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
$4,245
Tax year 2023
Assessed value
$303,800
Assessed 2023
Previous assessed
$303,800
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$134,600
Assessed improvement
$169,200
Land market value
$134,600
Improvement market value
$169,200
Total market value
$303,800
Applied tax rate
13.0000
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
1975
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
17,244 SF
Lot
6.67 ac (290,545 SF)
Zoning code
IND-2
APN
43-15-32-400-053.000-013
UPID
US31-1513534
Jurisdiction
KOSCIUSKO
Zoning & alternative use
IND-2 · Silver Lake, INZoning IND-2 · permitted uses
IND-2 · Silver Lake, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
KMBT_C284-20170116151457
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1975
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
6.67 ac
Current owner
From public records · entity-resolved
Best One Silver Lake Holdings LLC
Entity
Mailing address
116 W JACKSON ST, MONROE, IN 46772-7020
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$800,000
Best One Silver Lake Holdings LLC
Tim Metzger Properties LLC
Warranty Deed
$640,000 · Lake City Bank
Feb 20, 2019
—
Tim Metzger Properties LLC
Michael R Metzger
Warranty Deed
$342,500 · Lake City Bank
Jun 11, 2007
—
Michael R Metzger
Dot Group LLC
Warranty Deed
$500,000 · Lake City 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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