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Property profile & analytics
FOR LEASE
Warehouses
620 Progress Ave Munster, IN 46321
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0425685
For Lease
1 / 2
Contact for pricing
620 Progress Ave, Munster, IN 46321
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1998
Construction
TYPE NOT SPECIFIED
Total area
5,184 SF
Lot
1.03 ac (44,997 SF)
APN
45-06-36-227-003.000-027
UPID
US31-0425685
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
by Request
Owner & transaction history
620 Progress LLC · 1 yrs held
620 Progress LLC
since 2025
6 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 Munster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Munster 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,982
Tax year 2022
Assessed value
$527,400
Assessed 2023
Previous assessed
$445,700
+18.3% YoY
Effective rate
2.27%
On assessed value
Assessed land
$322,300
Assessed improvement
$205,100
Land market value
$322,300
Improvement market value
$205,100
Total market value
$527,400
Applied tax rate
27.0000
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
For Lease
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
5,184 SF
Lot
1.03 ac (44,997 SF)
APN
45-06-36-227-003.000-027
UPID
US31-0425685
Jurisdiction
LAKE
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
Building & site characteristics
From public records
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
620 Progress LLC
Entity
Mailing address
711 MAIN ST, SCHERERVILLE, IN 46375-1241
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
—
620 Progress LLC
620 Progress LLC
Deed
related
$1,786,000 · Centier Bank
Dec 20, 2019
—
620 Progress LLC
Fredrick L Halpern
Quit Claim Deed
related
—
Sep 30, 2019
—
Frederick L Halpern
Indiana Land Trust Co
Grant Deed
—
Aug 13, 2018
—
Trust No 4845
—
Deed
related
$200,000 · Taft Stettinius & Hollister Ll
—
—
Trust No 4845
—
Deed Of Trust
related
$200,000 · Taft Stettinius & Hollister Ll
—
—
Jack Weichman
—
Deed Of Trust
related
$350,000 · Frederick L & Joshua A Halpern
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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