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Property profile & analytics
OFF-MARKET
Auto shops
6755 Melton Rd, Portage, IN 46368-1246
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-3246163
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1960
Construction
TYPE NOT SPECIFIED
Total area
6,216 SF
Lot
0.52 ac (22,651 SF)
APN
64-06-06-402-005.000-016
UPID
US31-3246163
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
-
Genuine Tire & Complete Auto Auto Repair Shop
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
D M Getz LLC · 11 yrs held
D M Getz LLC
since 2015
1 recorded transaction
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
$5,404
Tax year 2023
Assessed value
$208,400
Assessed 2023
Previous assessed
$208,400
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$61,600
Assessed improvement
$146,800
Land market value
$61,600
Improvement market value
$146,800
Total market value
$208,400
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1960
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
6,216 SF
Lot
0.52 ac (22,651 SF)
APN
64-06-06-402-005.000-016
UPID
US31-3246163
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
1960
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
D M Getz LLC
Entity
Free & Clear · 11 yrs held
Mailing address
259 W 700TH N, VALPARAISO, IN 46385-8534
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Mar 27, 2015
—
D M Getz LLC
D M Getz LLC
Quit Claim 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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