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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Manufacturing properties
10653 181st Ave Lowell, IN 46356-9451
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-0439966
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Construction
WOOD
Total area
8,000 SF
Lot
4.95 ac (215,448 SF)
APN
45-19-28-126-002.000-037
UPID
US31-0439966
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
$715k
Comparable Approach
Comparable
$888k
Blend (final)
Blend
$800k
Owner & transaction history
Giannini Building Partnership LLC · 3 yrs held
Giannini Building Partnership LLC
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$700,000
+55.3%
Auto repair, garage
$655,000
+45.5%
Retail stores
$540,000
+19.9%
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 Lowell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lowell 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%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
RESTAURANT
$700,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$655,000
Change: +46% · Conversion: Easy
RETAIL STORES
$540,000
Change: +20% · Conversion: Moderate
WAREHOUSE, STORAGE
$515,000
Change: +15% · Conversion: Easy
COMMERCIAL (GENERAL)
$515,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$100 / 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
$9,284
Tax year 2022
Assessed value
$990,200
Assessed 2023
Previous assessed
$572,300
+73.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$309,100
Assessed improvement
$681,100
Land market value
$309,100
Improvement market value
$681,100
Total market value
$990,200
Applied tax rate
37.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Buildings
4
Stories
1
Total area
8,000 SF
Lot
4.95 ac (215,448 SF)
APN
45-19-28-126-002.000-037
UPID
US31-0439966
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
RESTAURANT
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$655,000
RETAIL STORES
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$515,000
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1974
Construction
WOOD
Heating
NONE
Stories
1
Buildings
4
Lot
4.95 ac
Current owner
From public records · entity-resolved
Giannini Building Partnership LLC
Entity
Mailing address
10653 W 181ST AVE, LOWELL, IN 46356-9451
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
—
Giannini Building Partnership LLC
Jada Investments LLC
Warranty Deed
—
Sep 7, 2022
—
Jada Investments LLC
Hagarty LLC
Warranty Deed
$825,000 · Peoples Bank
Oct 11, 2019
—
Hagarty LLC
Marob LLC
Grant Deed
—
Dec 7, 2011
—
Marob LLC
Trust 4369
Grant Deed
—
—
—
Marob LLC
—
Deed Of Trust
related
$525,800 · First Midwest Bank
—
—
Trust 4369
—
Deed Of Trust
related
$400,000 · First Midwest 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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