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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Industrial properties
1050 Kennedy Ave, Schererville, IN 46375-1308
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US31-0421845
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
23,303 SF
Lot
4.03 ac (175,547 SF)
APN
45-11-09-178-004.000-036
UPID
US31-0421845
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
-
Coal City Cob Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$650k
Owner & transaction history
Midwest Pipecoating INC · 10 yrs held
Midwest Pipecoating INC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.0M
+36.3%
Medical building
$990,000
+30.9%
Warehouse, storage
$830,000
+9.7%
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 Schererville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schererville 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
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$760,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,030,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$990,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$830,000
Change: +10% · Conversion: Easy
COMMERCIAL (GENERAL)
$805,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$28 / 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
$22,912
Tax year 2022
Assessed value
$1,268,100
Assessed 2023
Previous assessed
$1,242,400
+2.1% YoY
Effective rate
1.81%
On assessed value
Assessed land
$201,500
Assessed improvement
$1,066,600
Land market value
$201,500
Improvement market value
$1,066,600
Total market value
$1,268,100
Applied tax rate
36.0000
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
3
Stories
1
Total area
23,303 SF
Lot
4.03 ac (175,547 SF)
APN
45-11-09-178-004.000-036
UPID
US31-0421845
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
INDUSTRIAL (GENERAL) Current
Est. value
$760,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$805,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1968
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
3
Lot
4.03 ac
Current owner
From public records · entity-resolved
Midwest Pipecoating INC
Entity
Mailing address
7865 JEFFERSON HWY, MAPLE GROVE, MN 55369-4900
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2016
$1,081,056
Midwest Pipecoating INC
Re Spurlock INC
Warranty Deed
—
Mar 21, 2011
—
R E Spurlock INC
—
Trustees Deed
related
$65,000 · First Financial Bank NA
Feb 25, 2005
—
R E Spurlock INC
—
Trustees Deed
related
$300,000 · Centier Bank
—
—
R E Spurlock INC
—
Deed Of Trust
related
$200,000 · Centier Bank
—
—
Re Spurlock INC
—
Deed Of Trust
related
$150,000 · Centier Bank
—
—
Re Spurlock INC
—
Deed Of Trust
related
$11,000 · Centier Bank
—
—
R E Spurlock INC
—
Deed Of Trust
related
$200,000 · First Financial Bank NA
—
—
R E Spurlock INC
—
Deed Of Trust
related
$571,128 · First Financial Bank NA
—
—
R E Spurlock INC
—
Deed Of Trust
related
$500,000 · First Financial Bank NA
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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