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Property profile & analytics
OFF-MARKET
Warehouses
1246 Birch Dr Schererville, IN 46375-1336
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US31-0655290
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1975
Construction
TYPE NOT SPECIFIED
Total area
5,000 SF
Lot
0.43 ac (18,818 SF)
APN
45-11-09-301-004.000-036
UPID
US31-0655290
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Schererville Industrial Park · 10 yrs held
Schererville Industrial Park
since 2016
7 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,535
Tax year 2022
Assessed value
$191,200
Assessed 2023
Previous assessed
$191,700
-0.3% YoY
Effective rate
1.85%
On assessed value
Assessed land
$21,600
Assessed improvement
$169,600
Land market value
$21,600
Improvement market value
$169,600
Total market value
$191,200
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
0.43 ac (18,818 SF)
APN
45-11-09-301-004.000-036
UPID
US31-0655290
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
Building & site characteristics
From public records
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Schererville Industrial Park
Individual
Mailing address
1240 BIRCH DR, SCHERERVILLE, IN 46375-1336
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2025
—
Schererville Industrial Park INC
—
Deed
related
$790,902 · Peoples Bank
Oct 31, 2022
—
Schererville Industrial Park INC
—
Deed
related
$500,000 · Peoples Bank
Jun 21, 2021
—
C Diamond Infra LLC
—
Deed
related
—
Mar 14, 2017
—
Schererville Indl Park INC
—
Trustees Deed
related
$100,000 · Peoples Bk
Jul 13, 2016
—
Schereville Industrial Park
—
Deed
related
$605,000 · Peoples Bank Savings Bank
Jun 15, 2016
—
Schererville Industrial Park
Trust P-4520
Grant Deed
related
—
—
—
Trust P-4520
—
Deed Of Trust
related
$37,333 · Standard Bank & Trust
—
—
Trust P-4520
—
Deed Of Trust
related
$355,697 · Standard Bank & Trust
—
—
Trust P-4520
—
Loan Modification
related
—
—
—
Trust P-4520
—
Deed Of Trust
related
$367,658 · Standard Bk&tr/hickory Hills
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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