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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Warehouses
700 Main St Westville, IN 46391-9373
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-2679695
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2021
Construction
TYPE NOT SPECIFIED
Total area
11,520 SF
Lot
0.82 ac (35,719 SF)
APN
46-09-29-252-008.000-028
UPID
US31-2679695
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
by Request
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$780k
Owner & transaction history
Westville Rentals LLC · 4 yrs held
Westville Rentals LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$920,000
+117.9%
Restaurant
$840,000
+98.7%
Retail stores
$800,000
+89.5%
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 Westville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westville 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%
$885,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$920,000
Change: +118% · Conversion: Difficult
RESTAURANT
$840,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +89% · Conversion: Moderate
AUTO REPAIR, GARAGE
$770,000
Change: +82% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$745,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$665,000
Change: +57% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$470,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$68 / 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
$13,673
Tax year 2023
Assessed value
$518,100
Assessed 2023
Previous assessed
$518,100
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$103,600
Assessed improvement
$414,500
Land market value
$103,600
Improvement market value
$414,500
Total market value
$518,100
Applied tax rate
49.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
2021
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
2
Total area
11,520 SF
Lot
0.82 ac (35,719 SF)
APN
46-09-29-252-008.000-028
UPID
US31-2679695
Jurisdiction
LA PORTE
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
$920,000
RESTAURANT
Est. value
$840,000
RETAIL STORES
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$745,000
MEDICAL BUILDING
Est. value
$665,000
INDUSTRIAL (GENERAL)
Est. value
$470,000
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2021
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Westville Rentals LLC
Entity
Mailing address
983 N 350TH E, CHESTERTON, IN 46304-9316
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2021
—
Westville Rentals LLC
College Avenue Apartments LLC
Warranty Deed
$600,000 · Peoples Bank
Jun 18, 2020
$200,000
College Ave Apartments LLC
Mark D Parkman
Quit Claim Deed
related
—
Dec 23, 2013
—
Mark D Parkman
David L Pradziad
Warranty Deed
—
Dec 21, 2012
—
David L Pradziad
Catherine J Bruning
Intrafamily Transfer
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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