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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Warehouses
6707 Broadway, Merrillville, IN 46410-3531
Entity Owned
8-yr Hold
Free & Clear
Property ID
US31-0024166
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1948
Construction
WOOD
Total area
36,426 SF
Lot
4.35 ac (189,486 SF)
APN
45-12-10-351-013.000-030
UPID
US31-0024166
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
-
Broadway Self Storage Storage Facility
-
Big Concrete & Excavating Construction Company General Contractor
-
Colonial Realty Group Real Estate Agency
-
Graphic Expressions Wraps and Signs Marketing & Advertising Advertising Agency
-
Ona Kirkwood, Colonial Realty Group, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.07M
Owner & transaction history
Jdcd Properties LLC · 8 yrs held
Jdcd Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+23.2%
Retail stores
$2.8M
+1.8%
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 Merrillville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merrillville 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
$2,715,000
Current use
COMMERCIAL (GENERAL)
$3,345,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$2,765,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±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
$57 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$33,405
Tax year 2022
Assessed value
$1,604,200
Assessed 2023
Previous assessed
$1,599,100
+0.3% YoY
Effective rate
2.08%
On assessed value
Assessed land
$229,500
Assessed improvement
$1,374,700
Land market value
$229,500
Improvement market value
$1,374,700
Total market value
$1,604,200
Applied tax rate
30.0000
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
1948
Construction
WOOD
Heating
NONE
Buildings
8
Stories
1
Total area
36,426 SF
Lot
4.35 ac (189,486 SF)
APN
45-12-10-351-013.000-030
UPID
US31-0024166
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1948
Construction
WOOD
Heating
NONE
Stories
1
Buildings
8
Lot
4.35 ac
Current owner
From public records · entity-resolved
Jdcd Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
6707 BROADWAY, MERRILLVILLE, IN 46410-3531
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
—
Jdcd Properties LLC
—
Deed
related
$375,000 · Centier Bank
Jun 4, 2020
—
Jdcd Properties LLC
—
Deed
related
$322,000 · Centier Bank
Sep 5, 2018
—
Jdcd Properties LLC
—
Deed
related
$1,250,000 · Centier Bank
Jan 16, 2018
—
Jdcd Properties LLC
Royal Brush Manufacturing INC
Warranty Deed
—
Jun 6, 2016
—
George M Dovellos
Dovellos,vicki M
Quit Claim Deed
related
—
Sep 23, 2014
—
Vicki M Dovellos
Dovellos,william N
Quit Claim Deed
related
—
Aug 27, 2014
—
Vicki M Dovellos
Dovellos,william N
Quit Claim Deed
related
—
Mar 27, 2006
—
Merrillville Cmnty Sch Corp
Dovellos,george M
Warranty Deed
related
—
—
—
George M Dovellos
—
Deed Of Trust
related
$503,850 · Bank One NA
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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