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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
400 Detroit St La Porte, IN 46350-2724
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-2242429
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1920
Construction
WOOD
Total area
10,380 SF
Lot
1.1 ac (47,916 SF)
APN
46-06-35-282-001.000-043
UPID
US31-2242429
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
-
Ur-OUT Pet Urine Remover (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$545k
Owner & transaction history
Indiana Portfolio 1 LLC · 4 yrs held
Indiana Portfolio 1 LLC
since 2022
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$780,000
+118.8%
Restaurant
$745,000
+108.9%
Apartment house (5+ units)
$670,000
+87.9%
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 La Porte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Porte 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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$355,000
Current use
MEDICAL BUILDING
$780,000
Change: +119% · Conversion: Difficult
RESTAURANT
$745,000
Change: +109% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$670,000
Change: +88% · Conversion: Difficult
COMMERCIAL (GENERAL)
$660,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$615,000
Change: +73% · Conversion: Moderate
AUTO REPAIR, GARAGE
$595,000
Change: +67% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$355,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$53 / 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
$11,398
Tax year 2023
Assessed value
$377,900
Assessed 2023
Previous assessed
$377,900
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$22,000
Assessed improvement
$355,900
Land market value
$22,000
Improvement market value
$355,900
Total market value
$377,900
Applied tax rate
43.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
NONE
Buildings
4
Stories
1
Total area
10,380 SF
Lot
1.1 ac (47,916 SF)
APN
46-06-35-282-001.000-043
UPID
US31-2242429
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$355,000
MEDICAL BUILDING
Est. value
$780,000
RESTAURANT
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$660,000
RETAIL STORES
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$355,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1920
Construction
WOOD
Heating
NONE
Stories
1
Buildings
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
Indiana Portfolio 1 LLC
Entity
Mailing address
2810 N CHURCH ST, WILMINGTON, DE 19802-4447
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Feb 10, 2022
—
Indiana Portfolio 1 LLC
A Z Clear Lake Self Storage LLC
Warranty Deed
$8,684,000 · State Bank
Jan 16, 2020
—
A-z Clear Lake Self Storage LLC
Kenneth P Blaney SR.
Warranty Deed
$685,000 · Lake City Bank
Aug 28, 2008
—
Kenneth P Blaney SR.
J & H Acquisition LLC
Corporation 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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