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Property profile & analytics
OFF-MARKET
Estimated value
$3,645,000
Outlet malls
100 Us Hwy 20th 360 Michigan City, IN 46360-7376
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US31-3107109
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2014
Construction
TYPE NOT SPECIFIED
Total area
27,458 SF
Lot
16.15 ac (703,581 SF)
APN
46-05-08-226-049.000-009
UPID
US31-3107109
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
by Request
CAP Approach
CAP
$3.98M
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$3.65M
Owner & transaction history
Dunes Plaza Spe LLC · 8 yrs held
Dunes Plaza Spe LLC
since 2017
3 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,310,000
6.5%
$3,980,000
7%
$3,695,000
Blend value · Realmo final
$3.65M
Range $3.28M – $4.01M · ±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
$133 / 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
$291,657
Tax year 2023
Assessed value
$9,721,900
Assessed 2023
Previous assessed
$9,721,900
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$903,500
Assessed improvement
$8,818,400
Land market value
$903,500
Improvement market value
$8,818,400
Total market value
$9,721,900
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2014
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
5
Stories
1
Total area
27,458 SF
Lot
16.15 ac (703,581 SF)
APN
46-05-08-226-049.000-009
UPID
US31-3107109
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
2014
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
5
Lot
16.15 ac
Current owner
From public records · entity-resolved
Dunes Plaza Spe LLC
Entity
Mailing address
449 N CLARK ST, CHICAGO, IL 60654-4500
Ownership since
2017
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
Aug 9, 2017
—
Dunes Plaza Spe LLC
Kdpmc LLC
Special Warranty Deed
$14,750,000 · Deutsche Bank National Trust Co
Jun 30, 2015
—
City Of Michigan City
Kdpmc LLC
Special Warranty Deed
—
Sep 13, 2013
—
Br Associates INC
Kdpmc LLC
Special Warranty 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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