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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Warehouses
6500 Daniel Burnham Dr Portage, IN 46368-1390
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2266241
Property summary
AI-generated overview
This exceptional Class A flex/warehouse space, located at 6500 Daniel Burnham Drive in Portage, Indiana, offers a significant opportunity for businesses seeking a modern and efficient facility. The property boasts a total of 15,830 square feet, with 11,413 square feet currently available for lease. Built in 2011, this single-tenant building sits on a generous 2.6-acre lot in Porter County. The high ceilings, measuring 28 feet, provide ample vertical space for storage or specialized equipment. The robust power supply features a 1200 amp, 277/480v, 3-phase main service, ideal for industrial operations. The property is categorized as both office and industrial, making it suitable for a variety of uses. Its convenient location in Portage, Indiana, zip code 46368, offers easy access to transportation routes and local amenities. This is a rare opportunity to secure a well-maintained, spacious, and strategically located industrial property in a thriving area. The property's classification as a single-tenant building ensures privacy and control. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Construction
TYPE NOT SPECIFIED
Total area
43,923 SF
Lot
9.66 ac (420,790 SF)
APN
64-05-01-228-001.000-016
UPID
US31-2266241
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
-
Graycor Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.26M
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$3.05M
Owner & transaction history
Clybourn Northwest Partners LLC · 9 yrs held
Clybourn Northwest Partners LLC
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+80.5%
Restaurant
$3.5M
+59.0%
Retail stores
$2.7M
+22.2%
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 Portage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portage 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%
$3,530,000
6.5%
$3,260,000
7%
$3,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,170,000
Current use
COMMERCIAL (GENERAL)
$3,915,000
Change: +80% · Conversion: Difficult
RESTAURANT
$3,450,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$2,650,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$2,600,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,575,000
Change: +19% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,900,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±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
$69 / 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
$90,095
Tax year 2023
Assessed value
$3,486,700
Assessed 2023
Previous assessed
$3,486,700
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$961,100
Assessed improvement
$2,525,600
Land market value
$961,100
Improvement market value
$2,525,600
Total market value
$3,486,700
Applied tax rate
8.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2011
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
43,923 SF
Lot
9.66 ac (420,790 SF)
APN
64-05-01-228-001.000-016
UPID
US31-2266241
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RESTAURANT
Est. value
$3.5M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
2011
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
9.66 ac
Current owner
From public records · entity-resolved
Clybourn Northwest Partners LLC
Entity
Free & Clear · 9 yrs held
Mailing address
3454 DOUGLAS RD, SOUTH BEND, IN 46635-1781
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2017
—
Clybourn Northwest Partners LLC
—
Deed
related
—
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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