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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Commercial real estate
2693 1100th W Fair Oaks, IN 47943-8556
Entity Owned
8-yr Hold
Property ID
US31-1409886
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2022
Construction
WOOD
Total area
11,400 SF
Lot
40 ac (1,742,400 SF)
Zoning code
A4
APN
37-09-17-000-008.000-031
UPID
US31-1409886
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
-
Heartland compost Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Heartland Sustainable Farms LLC · 8 yrs held
Heartland Sustainable Farms LLC
since 2017
2 recorded transactions
Zoning & alternative use
A4 · Fair Oaks, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+26.5%
Medical building
$875,000
+9.4%
Apartment house (5+ units)
$835,000
+4.3%
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 Fair Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fair Oaks 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
COMMERCIAL (GENERAL)
$800,000
Current use
RESTAURANT
$1,015,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$875,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$835,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$825,000
Change: +3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$785,000
Change: -2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$695,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$56 / 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
$4,313
Tax year 2023
Assessed value
$559,200
Assessed 2023
Previous assessed
$559,200
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$314,300
Assessed improvement
$244,900
Land market value
$314,300
Improvement market value
$244,900
Total market value
$559,200
Applied tax rate
12.0000
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
2022
Construction
WOOD
Heating
FORCED AIR
Stories
1
Rooms
7
Bathrooms
1
Total area
11,400 SF
Lot
40 ac (1,742,400 SF)
Zoning code
A4
APN
37-09-17-000-008.000-031
UPID
US31-1409886
Jurisdiction
JASPER
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
A4 · Fair Oaks, INZoning A4 · permitted uses
A4 · Fair Oaks, IN
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
COMMERCIAL (GENERAL) Current
Est. value
$800,000
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$835,000
RETAIL STORES
Est. value
$825,000
INDUSTRIAL (GENERAL)
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$695,000
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2022
Construction
WOOD
Heating
FORCED AIR
Stories
1
Rooms
7
Bathrooms
1
Lot
40 ac
Current owner
From public records · entity-resolved
Heartland Sustainable Farms LLC
Entity
Mailing address
2945 N 1000TH W, FAIR OAKS, IN 47943-8549
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2017
—
Heartland Sustainable Farms LLC
Michael T Johnson SR.
Quit Claim Deed
related
—
Aug 7, 2017
$300,000
Michael T Johnson SR.
Paul E Shearer
Warranty Deed
$298,900 · Demotte State Bank
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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