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Property profile & analytics
OFF-MARKET
Estimated value
$3,875,000
Manufacturing properties
17728 Sun Park Dr Westfield, IN 46074-9536
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-2854000
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
39,800 SF
Lot
4.32 ac (188,179 SF)
APN
29-05-36-000-039.003-015
UPID
US31-2854000
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
-
DeVries Design and Landscape Landscaping General Contractor
-
Norman Studios Vocational School Training Center
-
Sun N Shield Warehouse & Storage
-
Clear Crossing Plumbing Service General Contractor
-
Guided Supply Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.88M
Owner & transaction history
Direct Repairs Collssion LLC · 2 yrs held
Direct Repairs Collssion LLC
since 2023
Last sale
$4.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.1M
+192.6%
Commercial (general)
$5.6M
+167.8%
Warehouse, storage
$4.6M
+120.4%
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 Westfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westfield 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
$5,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,140,000
Change: +193% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,620,000
Change: +168% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,625,000
Change: +120% · Conversion: Easy
MEDICAL BUILDING
$3,150,000
Change: +50% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,475,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$3.88M
Range $3.49M – $4.26M · ±10% · vs last sale $4.03M (Aug 8 2023)
Last sale anchor
$4.03M
Aug 8 2023
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
$97 / 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
$41,261
Tax year 2023
Assessed value
$1,765,500
Assessed 2023
Previous assessed
$1,765,500
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$459,900
Assessed improvement
$1,305,600
Land market value
$459,900
Improvement market value
$1,305,600
Total market value
$1,765,500
Applied tax rate
15.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
39,800 SF
Lot
4.32 ac (188,179 SF)
APN
29-05-36-000-039.003-015
UPID
US31-2854000
Jurisdiction
HAMILTON
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
RETAIL STORES
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$5.6M
WAREHOUSE, STORAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
4.32 ac
Current owner
From public records · entity-resolved
Direct Repairs Collssion LLC
Entity
Mailing address
1850 N SHADELAND AVE, INDIANAPOLIS, IN 46219-2736
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 8, 2023
$4,025,000
Direct Repairs Collssion LLC
Freedom Associates Of Indiana II Ll
Warranty Deed
$2,817,500 · First Horizon Bank
Jul 20, 2005
—
Sun Communications INC
Sun Packaging INC
Corporation Deed
—
—
—
Sun Communications INC
—
Loan Modification
related
$600,000 · Indiana Busn Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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