Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate
1480 Hwy 64th NW Ramsey, IN 47166-8544
Individually Owned
13-yr Hold
Free & Clear
Property ID
US31-0340628
Property summary
AI-generated overview
This exceptional 9,500 square foot industrial building, situated on a 0.52-acre lot at 1480 Highway 64 NW in Ramsey, Indiana, presents a compelling investment opportunity. Previously utilized for retail purposes, the property's versatile design lends itself to a variety of commercial applications, including storage or wholesale distribution. Two convenient loading docks facilitate efficient loading and unloading operations. A notable feature is the existing substantial water garden infrastructure, ideal for businesses involved in fish or plant sales. The property's location on a major east-west state road ensures excellent visibility and accessibility, providing significant advantages for attracting customers and streamlining logistics. This listing encompasses the front building only
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1932
Construction
WOOD
Total area
9,500 SF
Lot
0.13 ac (5,793 SF)
APN
31-05-23-327-006.000-011
UPID
US31-0340628
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
Wendell Kelley · 13 yrs held
Wendell Kelley
since 2012
1 recorded transaction
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 Ramsey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ramsey 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 2023Property tax & assessments
Tax year 2023
Tax billed
$963
Tax year 2023
Assessed value
$74,300
Assessed 2023
Previous assessed
$74,300
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$6,500
Assessed improvement
$67,800
Land market value
$6,500
Improvement market value
$67,800
Total market value
$74,300
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1932
Construction
WOOD
Heating
NONE
Stories
3
Total area
9,500 SF
Lot
0.13 ac (5,793 SF)
APN
31-05-23-327-006.000-011
UPID
US31-0340628
Jurisdiction
HARRISON
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
1932
Construction
WOOD
Heating
NONE
Stories
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
Wendell Kelley
Individual
Free & Clear · 13 yrs held
Mailing address
9961 BIRD TRL RD NW, DEPAUW, IN 47115-8933
Ownership since
2012
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
Jul 30, 2012
$90,000
Wendell Kelley
Elmer G Wuest
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1480 Hwy 64th NW?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
