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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Warehouses
853 Eastport Ctr Dr, Valparaiso, IN 46383-2909
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-3540017
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
20,071 SF
Lot
3.71 ac (161,608 SF)
APN
64-10-29-176-001.000-029
UPID
US31-3540017
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
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$675k
Owner & transaction history
853 Eastport Centre Dr LLC · 1 yrs held
853 Eastport Centre Dr LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+41.3%
Medical building
$785,000
+0.5%
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 Valparaiso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valparaiso 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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$780,000
Current use
RETAIL STORES
$1,100,000
Change: +41% · Conversion: Moderate
MEDICAL BUILDING
$785,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$34 / 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
$28,070
Tax year 2023
Assessed value
$1,104,800
Assessed 2023
Previous assessed
$1,104,800
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$249,200
Assessed improvement
$855,600
Land market value
$249,200
Improvement market value
$855,600
Total market value
$1,104,800
Applied tax rate
29.0000
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
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
20,071 SF
Lot
3.71 ac (161,608 SF)
APN
64-10-29-176-001.000-029
UPID
US31-3540017
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
WAREHOUSE, STORAGE Current
Est. value
$780,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
3.71 ac
Current owner
From public records · entity-resolved
853 Eastport Centre Dr LLC
Entity
Free & Clear · 1 yrs held
Mailing address
853 EASTPORT CTR DR, VALPARAISO, IN 46383-2909
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
—
853 Eastport Centre Dr LLC
Rts Development LLC
Warranty Deed
—
May 17, 2010
—
Rts Development LLC
Hyde Park Bank & Trust
Special Warranty Deed
$960,000 · Mechants & Manufacturers Bank
Jul 21, 2009
$1,500,000
Hyde Park Bk & Trust
Sheriff Of Porter County
Trustees Deed
related
—
Jul 7, 2006
—
Signature Construction INC
Bulk Transport Corp
Warranty Deed
$1,226,250 · Hyde Park Bank & Trust Co
—
—
Signature Construction INC
—
Deed Of Trust
related
$163,807 · Von Tobel Lumber Co INC
—
—
Signature Construction INC
—
Deed Of Trust
related
$54,500 · Rieth-rhley Const Co INC
—
—
Signature Construction INC
—
Deed Of Trust
related
$12,551 · Overhead Door Co Of Nwi INC
—
—
Signature Construction INC
—
Deed Of Trust
related
$24,456 · Omni Entertainment Systems INC
—
—
Signature Construction INC
—
Deed Of Trust
related
$500,000 · Citizens Financial Bank
—
—
Signature Construction INC
—
Deed Of Trust
related
$1,522 · Von Tobel Corp
—
—
Signature Construction INC
—
Deed Of Trust
related
$17,658 · Warehouse Carpets INC
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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