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Property profile & analytics
OFF-MARKET
Manufacturing properties
8661 Backwater Rd North Webster, IN 46555-9537
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US31-1533647
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
30,944 SF
Lot
3.1 ac (135,036 SF)
Zoning code
IND-2
APN
43-08-14-200-007.000-023
UPID
US31-1533647
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
-
Liberty Concrete Pumping General Contractor
-
Sterling Contracting, LLC Construction Company
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
Sterling Real Estate Group INC · 11 yrs held
Sterling Real Estate Group INC
since 2015
4 recorded transactions
Zoning & alternative use
IND-2 · North Webster, IN
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 North Webster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Webster 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
$2,107
Tax year 2023
Assessed value
$209,300
Assessed 2023
Previous assessed
$209,300
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$102,300
Assessed improvement
$107,000
Land market value
$102,300
Improvement market value
$107,000
Total market value
$209,300
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
30,944 SF
Lot
3.1 ac (135,036 SF)
Zoning code
IND-2
APN
43-08-14-200-007.000-023
UPID
US31-1533647
Jurisdiction
KOSCIUSKO
Zoning & alternative use
IND-2 · North Webster, INZoning IND-2 · permitted uses
IND-2 · North Webster, IN
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
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
Sterling Real Estate Group INC
Entity
Mailing address
8661 E BACKWATER RD, NORTH WEBSTER, IN 46555-9537
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2026
—
Sterling Real Estate Group INC
—
Deed
related
$60,000 · Northwest Bank
Mar 12, 2026
—
Sterling Real Estate Group INC
—
Deed
related
$77,000 · Northwest Bank
Nov 20, 2025
—
Sterling Real Estate Group INC
—
Deed
related
$1,680,000 · Northwest Bank
Mar 30, 2015
—
Sterling Real Estate Group INC
Bluestem Properties LLC
Warranty Deed
$600,000 · Mutual Bank Fsb
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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