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Property profile & analytics
OFF-MARKET
Estimated value
$31,670,000
Medical Office Space
1331 State St La Porte, IN 46350-3112
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2141154
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Construction
TYPE NOT SPECIFIED
Total area
311,865 SF
Lot
5.25 ac (228,690 SF)
APN
46-06-35-451-023.000-043
UPID
US31-2141154
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
-
Northwest Health - La Porte Hospital
-
Northwest Health - La Porte - Emergency Room Hospital
-
Dr. Richard Barnes Pediatrician Physician
-
John Rogers Pediatrician Physician
-
Healogics, LLC Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$36.05M
Blend (final)
Blend
$31.67M
Owner & transaction history
La Porte Hospital Company LLC · 10 yrs held
La Porte Hospital Company LLC
since 2016
3 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 La Porte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Porte 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
MEDICAL BUILDING
$23,460,000
Current use
RESTAURANT
$22,410,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$20,155,000
Change: -14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$19,795,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$31.67M
Range $28.50M – $34.84M · ±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
$102 / 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
$19,417
Tax year 2023
Assessed value
$52,789,800
Assessed 2023
Previous assessed
$52,789,800
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$525,000
Assessed improvement
$52,264,800
Land market value
$525,000
Improvement market value
$52,264,800
Total market value
$52,789,800
Applied tax rate
43.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2019
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
4
Total area
311,865 SF
Lot
5.25 ac (228,690 SF)
APN
46-06-35-451-023.000-043
UPID
US31-2141154
Jurisdiction
LA PORTE
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
MEDICAL BUILDING Current
Est. value
$23.5M
RESTAURANT
Est. value
$22.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.2M
COMMERCIAL (GENERAL)
Est. value
$19.8M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2019
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Buildings
2
Lot
5.25 ac
Current owner
From public records · entity-resolved
La Porte Hospital Company LLC
Entity
Free & Clear · 10 yrs held
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
1007 La Porte Stolley LLC
—
Deed
related
$447,700,000 · Capital One NA
Nov 7, 2022
—
1007 La Porte Stolley LLC
—
Deed
related
$200,000,000 · Capital One NA
Mar 10, 2016
—
La Porte Hospital Company LLC
Indiana University Health La Porte
Special Warranty Deed
—
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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