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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Office buildings
2701 Beech St Valparaiso, IN 46383-6010
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0542817
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
WOOD
Total area
14,720 SF
Lot
1.39 ac (60,418 SF)
APN
64-10-19-277-006.000-004
UPID
US31-0542817
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
$1.62M
Owner & transaction history
Summit Homebuilders LLC · 20 yrs held
Summit Homebuilders LLC
since 2006
7 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 Valparaiso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valparaiso 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
AUTO REPAIR, GARAGE
$1,120,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,100,000
Change: 0% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,005,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$110 / 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
$15,839
Tax year 2023
Assessed value
$604,400
Assessed 2023
Previous assessed
$604,400
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$187,700
Assessed improvement
$416,700
Land market value
$187,700
Improvement market value
$416,700
Total market value
$604,400
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
NONE
Stories
1
Total area
14,720 SF
Lot
1.39 ac (60,418 SF)
APN
64-10-19-277-006.000-004
UPID
US31-0542817
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
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
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
2000
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Summit Homebuilders LLC
Entity
Mailing address
500 STONEY RDG CT, VALPARAISO, IN 46385-8024
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
—
Snemis Commercial Real Estate LLC
—
Deed
related
$400,000 · First State Bank Of Porter
Jan 25, 2022
—
Snemis Commercial Real Estate LLC
—
Deed
related
$222,004 · First State Bank Of Porter
Mar 14, 2019
—
Snemis Coml R & E LLC
—
Deed
related
$435,000 · First St Bk/porter
Jul 14, 2006
—
Summit Homebuilders LLC
First Site Dev LLC
Warranty Deed
$584,000 · Mercantile Nat'l Bank Indiana
May 26, 2006
—
Mark T Kincheloe
First Site Dev LLC
Warranty Deed
$387,500 · Fifth Third Mortgage Co
Aug 24, 2004
—
David J Snemis
—
Trustees Deed
related
$85,000 · Horizon Bank
—
—
Snemis Coml R & E LLC
—
Deed Of Trust
related
$435,000 · First St Bk/porter
—
—
David J Snemis
—
Deed Of Trust
related
$740,000 · Horizon 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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