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Property profile & analytics
FOR LEASE
Warehouses
6610 Shepherd Dr, Portage, IN 46368
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-0218434
For Lease
1 / 38
$22,500 SF/Yr
6610 Shepherd Dr, Portage, IN 46368
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Construction
WOOD
Total area
3,600 SF
Lot
4.36 ac (189,922 SF)
APN
64-03-31-154-002.000-016
UPID
US31-0218434
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
-
Barton Malow Construction Company
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
Halyard Corporation · 2 yrs held
Halyard Corporation
since 2023
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 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$25,257
Tax year 2023
Assessed value
$976,900
Assessed 2023
Previous assessed
$976,900
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$337,000
Assessed improvement
$639,900
Land market value
$337,000
Improvement market value
$639,900
Total market value
$976,900
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
For Lease
Year built
2011
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
3,600 SF
Lot
4.36 ac (189,922 SF)
APN
64-03-31-154-002.000-016
UPID
US31-0218434
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
Building & site characteristics
From public records
Year built
2011
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
4.36 ac
Current owner
From public records · entity-resolved
Halyard Corporation
Entity
Mailing address
862 KENNEDY AVE, SCHERERVILLE, IN 46375-1265
Ownership since
2023
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
Sep 29, 2023
—
Halyard Corporation
Barton Malow Company
Limited Warranty Deed
$2,416,942 · Peoples Bank
Nov 16, 2017
$1,200,000
Barton Malow Co
Pyro Industrial Services INC
Grant Deed
related
—
Jun 19, 2013
—
Pyro Industrial Services INC
—
Trustees Deed
related
$3,000,000 · First Source Bank
—
—
Pyro Industrial Services INC
—
Deed Of Trust
related
$245,000 · Fifth Third Bank Chicago
—
—
Pyro Industrial Services INC
—
Deed Of Trust
related
$540,000 · Delaware Place Bank
—
—
Pyro Industrial Services INC
—
Deed Of Trust
related
$575,000 · Cole Taylor 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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