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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Strip malls
711 Plz Dr Chesterton, IN 46304-5506
Trust Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0295397
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
12,881 SF
Lot
1.46 ac (63,510 SF)
APN
64-04-31-151-008.000-023
UPID
US31-0295397
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
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$565k
Owner & transaction history
George White Trust · 1 yrs held
George White Trust
since 2024
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$885,000
+73.1%
Restaurant
$870,000
+69.3%
Industrial (general)
$800,000
+56.5%
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 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
by Request
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Current use
RETAIL STORES
$885,000
Change: +73% · Conversion: Easy
RESTAURANT
$870,000
Change: +69% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$800,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$775,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: +49% · Conversion: Difficult
WAREHOUSE, STORAGE
$560,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$44 / 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
$37,311
Tax year 2023
Assessed value
$1,467,000
Assessed 2023
Previous assessed
$1,467,000
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$319,400
Assessed improvement
$1,147,600
Land market value
$319,400
Improvement market value
$1,147,600
Total market value
$1,467,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
12,881 SF
Lot
1.46 ac (63,510 SF)
APN
64-04-31-151-008.000-023
UPID
US31-0295397
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$515,000
RETAIL STORES
Est. value
$885,000
RESTAURANT
Est. value
$870,000
INDUSTRIAL (GENERAL)
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$775,000
MEDICAL BUILDING
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$560,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
George White Trust
Trust
Mailing address
155 GDN ST, LA PORTE, IN 46350-2857
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
—
George White Trust
George M White
Quitclaim Deed
related
—
Jun 16, 2021
—
Aaron P Burkhart
—
Deed
related
$233,100 · Cme Lending Group LLC
Mar 5, 2019
—
Daniel Fowler
Hrycak Theodore JR Trust
Grant Deed
$1,500,000 · First State Bank Of Porter
Oct 29, 2014
—
Servus INC
—
Grant Deed
related
$3,000,000 · Huntington Nat'l Bk
Oct 8, 2010
—
Chesterton INC
—
Trustees Deed
related
$125,000 · Centier Bank
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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