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Property profile & analytics
OFF-MARKET
Estimated value
$4,555,000
Warehouses
6525 Daniel Burnham Dr, Portage, IN 46368-6410
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0374301
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
122,175 SF
Lot
8.38 ac (365,033 SF)
APN
64-06-06-101-002.000-016
UPID
US31-0374301
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
-
Nexus Warehouse & Storage
-
Piece Construction Inc. Commercial General Contractors, Facilities Maintenance & Custom Millwork Construction Company
-
Nick Pest Control Portage Garden Center
-
President Tuxedo (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
MC Industrial, Inc. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.72M
Blend (final)
Blend
$4.56M
Owner & transaction history
Nw Indiana Spe LLC · 1 yrs held
Nw Indiana Spe LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.4M
+22.2%
Medical building
$7.2M
+20.0%
Auto repair, garage
$7.2M
+18.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,035,000
Current use
RETAIL STORES
$7,375,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$7,240,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,165,000
Change: +19% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,285,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$4.56M
Range $4.10M – $5.01M · ±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
$37 / 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
$118,619
Tax year 2023
Assessed value
$4,587,700
Assessed 2023
Previous assessed
$4,587,700
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$966,400
Assessed improvement
$3,621,300
Land market value
$966,400
Improvement market value
$3,621,300
Total market value
$4,587,700
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
2000
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
122,175 SF
Lot
8.38 ac (365,033 SF)
APN
64-06-06-101-002.000-016
UPID
US31-0374301
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
$6.0M
RETAIL STORES
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
WAREHOUSE, STORAGE Current
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
2000
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
8.38 ac
Current owner
From public records · entity-resolved
Nw Indiana Spe LLC
Entity
Mailing address
18881 VON KARMAN AVE STE #800, NEW YORK, NY 10017
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
—
Nw Indiana Spe LLC
Chicago Industrial Ll LLC
Special Warranty Deed
$25,000,000 · New York Life Insurance Company
Nov 18, 2019
$8,300,000
Chicago Industrial II LLC
Taurus Midwest Indl Portfolio
Grant Deed
—
Jun 8, 2018
—
Taurus Midwest Industrial Portfolio
Crv Mccormick LLC
Special Warranty Deed
$142,500,000 · Capital One NA
Apr 27, 2015
$3,400,000
Crv Mccormicke LLC
Us Bank NA 2005-ldp1
Grant Deed
—
Aug 25, 2014
$2,725,000
Us Bank NA Series 2005-ldp1 Tr
Sheriff Of Porter County
Trustees Deed
related
—
Feb 1, 2010
—
Mccormick Daniel Burnham Tic
1031 Daniel Burnham LLC
Grant Deed
—
Dec 29, 2009
—
Britt-daniel Burnham LLC
For 1031 Daniel Burnham LLC
Grant Deed
related
—
Jan 5, 2005
—
1031 Daniel Burnham LLC
Mccormick Northwest Ptrs
Grant Deed
related
—
Dec 30, 2004
—
1031 Daniels Burnham LLC
Mccormick Northwest Ptrs
Grant Deed
related
—
—
—
Crv Mccomick LLC
—
Deed Of Trust
related
$2,608,000 · Lake Forest Bk&tr
—
—
Mccormick Northwest Partners
—
Deed Of Trust
related
$250,000 · Citizens Financial Svcs Fsb
—
—
For 1031 Daniel Burnham LLC
—
Deed Of Trust
related
$3,932,500 · J P Morgan Chase 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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