Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6755 Melton Rd Portage, IN 46368-1246
    Back to Search
    Property profile & analytics

    6755 Melton Rd Portage, IN 46368-1246

    View on Map
    • Auto shops
    • 6,216 SF
    • 0.52 lot acres
    Off-Market
    Last Sale Jul 3, 2025
    Property ID
    US31-3246163
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Genuine Tire & Complete Auto / Auto Repair Shop

    Property Details for 6755 Melton Rd

    Year built
    1960
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.52 lot acres
    Property size
    6,216 SF
    Property type
    Auto shops
    APN
    64-06-06-402-005.000-016
    APU
    640606402005000016

    Description

    This exceptional 1.64-acre commercial land parcel in Portage, Indiana, presents a unique investment opportunity. Located on the south side of Melton Road (US 20), it boasts 636 feet of frontage and benefits from a high daily traffic count of 11,285 vehicles. The property's trapezoidal shape, measuring 165 feet wide on the east side and tapering to 105 feet on the west, offers flexibility for various development plans. Zoned for Business Park use, this land is ideally suited for a wide range of commercial ventures, including distribution facilities and construction-related businesses. Its convenient location provides easy access to Interstate 94, with an on-ramp just 1.2 miles away. The 2023 property taxes were $437.54. This prime commercial land offers significant potential for growth and return on investment. The address is 6755 Melton Rd, Portage, IN 46368, within Porter County. The asking price for this exceptional property is $79,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Porter
    State
    Indiana
    Longitude
    -87.1531
    Latitude
    41.5987
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,404
    $61,600
    $146,800
    $208,400
    -
    $61,600
    $146,800
    $208,400

    Comparable in this City

    • Value Estimation by Request
      8,250 SF

      3520 Scottsdale St

      AUTO REPAIR, GARAGE • 8,250 SF
      3520 Scottsdale St, Portage, IN 46368-5420
      View Details
    • Value Estimation
      $1,635,000
      42,066 SF

      6100 Us Hwy 6th 6

      AUTO REPAIR, GARAGE • 42,066 SF
      6100 Us Hwy 6th 6, Portage, IN 46368-5059
      View Details
    • Value Estimation
      $510,000
      6,681 SF

      5947 Us Hwy 6th 6

      AUTO REPAIR, GARAGE • 6,681 SF
      5947 Us Hwy 6th 6, Portage, IN 46368-4945
      View Details
    • Value Estimation by Request
      724 SF

      6093 Central Ave

      AUTO REPAIR, GARAGE • 724 SF
      6093 Central Ave, Portage, IN 46368-3539
      View Details
    • Value Estimation by Request
      880 SF

      6264 Melton Rd

      AUTO REPAIR, GARAGE • 880 SF
      6264 Melton Rd, Portage, IN 46368-1262
      View Details
    • Value Estimation by Request
      1,881 SF

      5247 Sherwin Ave

      AUTO REPAIR, GARAGE • 1,881 SF
      5247 Sherwin Ave, Portage, IN 46368-3931
      View Details

    Similar Nearby for Sale

    • $1,600,000
      7,374 SF

      Dual-Unit Auto Repair Facility

      Turnkey auto repair facility on high-traffic corridor with equipment included.
      5843 s 6Th St, Portage, IN 46368
      View Details
    • Contact for pricing

      Freestanding Retail Building For Sale

      Single-tenant retail building in Portage, Indiana, near Chicago.
      6221 Us Highway 6, Portage, IN 46368
      View Details
    • $290,000
      Pending

      Versatile Commercial Building with Vacant Lot

      5,400 SF commercial building with vacant lot included.
      5960 Evergreen Ave, Portage, IN 46368
      View Details
    • Contact for pricing

      New Construction Starbucks Investment Opportunity

      New construction Starbucks in Chicago MSA with long-term lease.
      6051 Central Ave, Portage, IN 46368
      View Details
    • $350,000
      2.50 Acres

      Prime Commercial Development Opportunity

      2.5 acres with high visibility on Highway Route 6.
      3567 Scottsdale St, Portage, IN 46368
      View Details
    • Contact for pricing

      Vacant Land Near I-94

      Vacant land with I-94 access and highway frontage.
      6672 Melton Rd, Portage, IN 46368
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Portage Commercial Property For Rent

      Commercial property available for rent in Portage, Indiana.
      6 And Airport Rd, Portage, IN 46368
      View Details
    • Contact for pricing

      Flexible Warehouse and Office Space

      Versatile spaces for warehouse, office, parking, and events.
      6515 Ameriplex Dr, Portage, IN 46368
      View Details
    • Contact for pricing
      3,805 SF

      Retail Space Near Portage IMAX

      Retail space available in multi-tenant building near national retailers.
      6546 Us Highway 6, Portage, IN 46368
      View Details
    • $22 SF/Yr
      8,440 SF

      Retail Space in Power Center

      Retail units available in Portage, Indiana power center.
      2531-2563 Willowcreek Rd, Portage, IN 46368
      View Details
    • Contact for pricing

      Retail Space in Portage, Indiana

      Power center development in a high-traffic retail area.
      6495 Us Highway 6, Portage, IN 46368
      View Details
    • Contact for pricing

      Grocery Anchored Retail Space

      Retail spaces available in Portage's premier shopping center.
      2563 Willowcreek Rd, Portage, IN 46368
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6755 Melton Rd
    Portage, IN 46368-1246
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6755 Melton Rd, Portage, IN, 46368
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!