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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Industrial properties
1455 Louis Sullivan Dr Portage, IN 46368-6437
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US31-3156505
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2016
Construction
TYPE NOT SPECIFIED
Total area
16,275 SF
Lot
5.39 ac (234,788 SF)
APN
64-03-31-300-009.000-016
UPID
US31-3156505
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
-
Calumet Fishing parking Hiking Area
-
Superior Construction Co Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$985k
Owner & transaction history
Dunes Highway LLC · 8 yrs held
Dunes Highway LLC
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+134.5%
Restaurant
$1.3M
+106.6%
Retail stores
$980,000
+58.7%
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 Portage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portage 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
$695,000
CAP Approach
CAP Return
Estimation
6%
$1,080,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$620,000
Current use
COMMERCIAL (GENERAL)
$1,450,000
Change: +134% · Conversion: Difficult
RESTAURANT
$1,280,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$980,000
Change: +59% · Conversion: Moderate
MEDICAL BUILDING
$965,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: +54% · Conversion: Easy
WAREHOUSE, STORAGE
$805,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$61 / 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
$57,180
Tax year 2023
Assessed value
$2,212,600
Assessed 2023
Previous assessed
$2,212,600
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$864,300
Assessed improvement
$1,348,300
Land market value
$864,300
Improvement market value
$1,348,300
Total market value
$2,212,600
Applied tax rate
8.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2016
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
16,275 SF
Lot
5.39 ac (234,788 SF)
APN
64-03-31-300-009.000-016
UPID
US31-3156505
Jurisdiction
PORTER
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
INDUSTRIAL (GENERAL) Current
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$980,000
MEDICAL BUILDING
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$705,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
5.39 ac
Current owner
From public records · entity-resolved
Dunes Highway LLC
Entity
Mailing address
1455 LOUIS SULLIVAN DR, PORTAGE, IN 46368-6437
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Sep 30, 2020
—
Dunes Highway LLC
—
Deed
related
$5,000,000 · Centerstate Bk NA
May 24, 2018
—
Dunes Highway LLC
Superiors Construction INC
Warranty Deed
$5,600,000 · Pnc Bank NA
Jun 22, 2015
$600,000
Superior Construction INC
Ameriplex Northwest Partners
Grant Deed
—
—
—
Dunes Highway LLC
—
Deed Of Trust
related
$5,000,000 · Centerstate Bk NA
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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