Property profile

509 Drexel Pkwy Rensselaer, IN 47978

OFF-MARKET
Manufacturing properties
Property ID
US31-0878557
11,940 SF 2.29 ac lot Built 2001
Entity Owned Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2001
Construction TYPE NOT SPECIFIED
Total area 11,940 SF
Lot 2.29 ac (99,752 SF)
Zoning code BUFF
APN 37-07-31-000-002.001-027
UPID US31-0878557

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

509 Drexel Pkwy Rensselaer, IN 47978-7294
Rensselaer metro Census 101300 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

Zoning & alternative use

BUFF · Rensselaer, IN
Top alternative use upside
Restaurant $1.1M +16.8%
Retail stores $965,000 +6.4%
Medical building $915,000 +1.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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