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Property profile & analytics
OFF-MARKET
Estimated value
$13,620,000
Assisted living facilities
700 Dickinson Rd Chesterton, IN 46304-3540
Entity Owned
5-yr Hold
Free & Clear
Property ID
US31-3202979
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2017
Construction
WOOD
Total area
174,766 SF
Lot
17.47 ac (760,993 SF)
APN
64-07-06-126-001.000-023
UPID
US31-3202979
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.62M
Owner & transaction history
Well Sp Landlord 2 LLC · 5 yrs held
Well Sp Landlord 2 LLC
since 2020
Last sale
$14.1M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.9M
+331.4%
Retail stores
$12.0M
+301.5%
Restaurant
$11.8M
+292.8%
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 Chesterton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesterton 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
$16,345,000
ML approach
$9,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,935,000
Change: +331% · Conversion: Difficult
RETAIL STORES
$12,040,000
Change: +301% · Conversion: Difficult
RESTAURANT
$11,780,000
Change: +293% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,885,000
Change: +263% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,535,000
Change: +251% · Conversion: Difficult
MEDICAL BUILDING
$10,355,000
Change: +245% · Conversion: Difficult
Blend value · Realmo final
$13.62M
Range $12.26M – $14.98M · ±10% · vs last sale $14.12M (Nov 25 2020)
Last sale anchor
$14.12M
Nov 25 2020
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
$78 / 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
$381,497
Tax year 2023
Assessed value
$17,012,300
Assessed 2023
Previous assessed
$17,012,300
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$745,400
Assessed improvement
$16,266,900
Land market value
$745,400
Improvement market value
$16,266,900
Total market value
$17,012,300
Applied tax rate
10.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Stories
3
Total area
174,766 SF
Lot
17.47 ac (760,993 SF)
APN
64-07-06-126-001.000-023
UPID
US31-3202979
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
COMMERCIAL (GENERAL)
Est. value
$12.9M
RETAIL STORES
Est. value
$12.0M
RESTAURANT
Est. value
$11.8M
INDUSTRIAL (GENERAL)
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$10.5M
MEDICAL BUILDING
Est. value
$10.4M
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2017
Construction
WOOD
Heating
NONE
Stories
3
Lot
17.47 ac
Current owner
From public records · entity-resolved
Well Sp Landlord 2 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
TOLEDO, OH 43615
Ownership since
2020
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
Nov 25, 2020
$14,119,600
Well Sp Landlord 2 LLC
Senior Living Chesterton LLC
Warranty Deed
—
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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