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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
11051 Us Hwy 41 Saint John, IN 46373
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-0440790
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
WOOD
Total area
7,968 SF
Lot
0.43 ac (18,905 SF)
Zoning code
R3
APN
45-11-33-302-003.000-035
UPID
US31-0440790
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
by Request
Comparable Approach
Comparable
$599k
Blend (final)
Blend
$520k
Owner & transaction history
Ro Am II LLC · 6 yrs held
Ro Am II LLC
since 2020
4 recorded transactions
Zoning & alternative use
R3 · Saint John, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This R-3 district provides for duplexes, single family cluster homes, and townhouses in limited portions of the Town and also provides new areas for modern low density and moderate density, multi family developments. Nonresidential uses would be of similar character as those in R-1 districts.
Zone name
Residential Multifamily District
General category
RESIDENTIAL
Zone area
63.95 ac
Source
Realmo
Top alternative use upside
Retail stores
$605,000
+1.8%
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 Saint John submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint John 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$595,000
Current use
RETAIL STORES
$605,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$510,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$65 / 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
$10,051
Tax year 2022
Assessed value
$558,600
Assessed 2023
Previous assessed
$548,300
+1.9% YoY
Effective rate
1.80%
On assessed value
Assessed land
$124,200
Assessed improvement
$434,400
Land market value
$124,200
Improvement market value
$434,400
Total market value
$558,600
Applied tax rate
35.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,968 SF
Lot
0.43 ac (18,905 SF)
Zoning code
R3
APN
45-11-33-302-003.000-035
UPID
US31-0440790
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R3 · Saint John, INZoning R3 · permitted uses
R3 · Saint John, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This R-3 district provides for duplexes, single family cluster homes, and townhouses in limited portions of the Town and also provides new areas for modern low density and moderate density, multi family developments. Nonresidential uses would be of similar character as those in R-1 districts.
Zone name
Residential Multifamily District
General category
RESIDENTIAL
Zone area
63.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$595,000
RETAIL STORES
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$510,000
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2000
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Ro Am II LLC
Entity
Mailing address
PO BOX 772, BEVERLY SHORES, IN 46301-0772
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2020
—
Ro Am II LLC
Flint R Alm
Quit Claim Deed
related
—
Aug 10, 2018
—
Flint R Alm
—
Deed
related
$750,000 · American Community Bank Of Indiana
Nov 12, 2013
—
Flint R Alm
Alm,flint R & Jamie R
Quit Claim Deed
related
$625,000 · American Savings Bank
—
—
Flint R Alm
—
Deed Of Trust
related
$641,750 · Peoples 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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