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Property profile & analytics
OFF-MARKET
Estimated value
$6,825,000
Auto shops
9606 Pahs Rd, Michigan City, IN 46360
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-2120419
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2016
Construction
TYPE NOT SPECIFIED
Total area
26,075 SF
Lot
6.07 ac (264,409 SF)
APN
46-05-09-127-008.000-009
UPID
US31-2120419
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
$6.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.83M
Owner & transaction history
501 Hwy 20 LLC · 6 yrs held
501 Hwy 20 LLC
since 2020
Last sale
$7.0M
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 Michigan City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Michigan City 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
$8,045,000
ML approach
$6,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.83M
Range $6.14M – $7.51M · ±10% · vs last sale $6.95M (Apr 1 2020)
Last sale anchor
$6.95M
Apr 1 2020
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
$262 / 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
$78,474
Tax year 2023
Assessed value
$2,614,600
Assessed 2023
Previous assessed
$2,614,600
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$1,062,300
Assessed improvement
$1,552,300
Land market value
$1,062,300
Improvement market value
$1,552,300
Total market value
$2,614,600
Applied tax rate
9.0000
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
2016
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Stories
1
Rooms
4
Bathrooms
2
Total area
26,075 SF
Lot
6.07 ac (264,409 SF)
APN
46-05-09-127-008.000-009
UPID
US31-2120419
Jurisdiction
LA PORTE
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
2016
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Stories
1
Rooms
4
Bathrooms
2
Lot
6.07 ac
Current owner
From public records · entity-resolved
501 Hwy 20 LLC
Entity
Mailing address
1497 N STATE RTE 50, BOURBONNAIS, IL 60914-4486
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2020
—
501 Hwy 20 LLC
—
Deed
related
$2,879,000 · Regional Development Co
Apr 1, 2020
$6,950,000
501 Hwy 20 LLC
Addison Nw Partners LLC
Warranty Deed
$3,671,300 · Centier Bank
Sep 21, 2017
—
Ameriplex Marquette Jv LLC
—
Deed
related
$4,250,000 · Centier Bank
Oct 25, 2016
—
Addison Nw Partners LP
—
Deed
related
$2,000,000 · Centier Bank
Sep 11, 2014
—
M T Lott Land Partners LLC
Patrick Wilkins Real Estate Holding
Re-recorded Document
related
—
May 13, 2014
—
M T Lott Land Partners LLC
Patrick Wilkins Real Estate Holding
Warranty Deed
$10,000,000 · Bmo Harris Bank NA
Mar 24, 2011
—
Patrick Wilkins Real Estate Holding
Patrick Kowalski
Quit Claim Deed
related
—
Mar 16, 2006
—
Patrick Wilkins Real Estate Holding
Stanley J Kowalski
Warranty Deed
$786,250 · City Savings 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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