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Property profile & analytics
FOR LEASE
Medical Office Space
1668 Us Highway 421 Westville, IN 46391
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-2764465
For Lease
1 / 2
Contact for pricing
1668 Us Highway 421, Westville, IN 46391
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
TYPE NOT SPECIFIED
Total area
29,121 SF
Lot
2.9 ac (126,324 SF)
APN
46-09-08-400-097.000-027
UPID
US31-2764465
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
Westville 1668 Apl Mp LLC · 6 yrs held
Westville 1668 Apl Mp LLC
since 2020
Last sale
$16.8M
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 Westville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westville 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
$99,755
Tax year 2023
Assessed value
$3,915,800
Assessed 2023
Previous assessed
$3,915,800
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$493,000
Assessed improvement
$3,422,800
Land market value
$493,000
Improvement market value
$3,422,800
Total market value
$3,915,800
Applied tax rate
48.0000
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
For Lease
Year built
2010
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
29,121 SF
Lot
2.9 ac (126,324 SF)
APN
46-09-08-400-097.000-027
UPID
US31-2764465
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
Building & site characteristics
From public records
Year built
2010
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.9 ac
Current owner
From public records · entity-resolved
Westville 1668 Apl Mp LLC
Entity
Mailing address
CHICAGO, IL 60607
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
May 13, 2020
$16,750,000
Westville 1668 Apl Mp LLC
Epc Sparti LLC
Special Warranty Deed
$258,856,947 · Capital One NA
May 21, 2019
—
Epc Sparti LLC
Chp Westville In Mob Owner LLC
Special Warranty Deed
—
Jun 27, 2013
—
Chp Westville In Mob Owner LLC
Laporte County Cancer Center LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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