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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Warehouses
12039 Industry Dr Demotte, IN 46310-8492
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US31-1561945
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
12,144 SF
Lot
1.87 ac (81,631 SF)
Zoning code
BUFF
APN
37-15-25-000-002.001-024
UPID
US31-1561945
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
-
Ashland Propane DeMotte, LLC. Propane Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Jsd Demotte LLC · 7 yrs held
Jsd Demotte LLC
since 2019
1 recorded transaction
Zoning & alternative use
BUFF · Demotte, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+48.7%
Medical building
$935,000
+28.6%
Commercial (general)
$900,000
+24.3%
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 Demotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Demotte 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
$725,000
Current use
RESTAURANT
$1,080,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$935,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$900,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$890,000
Change: +23% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$840,000
Change: +15% · Conversion: Easy
RETAIL STORES
$790,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$740,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$58 / 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
$6,904
Tax year 2023
Assessed value
$747,300
Assessed 2023
Previous assessed
$747,300
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$35,000
Assessed improvement
$712,300
Land market value
$35,000
Improvement market value
$712,300
Total market value
$747,300
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Total area
12,144 SF
Lot
1.87 ac (81,631 SF)
Zoning code
BUFF
APN
37-15-25-000-002.001-024
UPID
US31-1561945
Jurisdiction
JASPER
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
BUFF · Demotte, IN
Zoning BUFF · permitted uses
BUFF · Demotte, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Demotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$725,000
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$900,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$890,000
INDUSTRIAL (GENERAL)
Est. value
$840,000
RETAIL STORES
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$740,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Lot
1.87 ac
Current owner
From public records · entity-resolved
Jsd Demotte LLC
Entity
Mailing address
12039 INDUSTRY DR, DEMOTTE, IN 46310-8492
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2019
—
Jsd Demotte LLC
Jsd Properties LLC
Warranty Deed
$1,291,500 · Centier 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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