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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Warehouses
9896 300th N Michigan City, IN 46360-9554
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2062247
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1995
Construction
WOOD
Total area
11,920 SF
Lot
17.1 ac (744,876 SF)
APN
46-05-21-100-008.000-046
UPID
US31-2062247
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
-
J and S Automotive Auto Repair Shop
-
New Tech Construction Company General Contractor
-
Miller's Construction Service, Inc. Trucking Company
-
D & M Excavating Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$790k
Owner & transaction history
Coolspring Township Volunteer Fire · 3 yrs held
Coolspring Township Volunteer Fire
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$945,000
+127.8%
Restaurant
$890,000
+113.7%
Retail stores
$840,000
+102.6%
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 Michigan City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Michigan City 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%
$920,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$945,000
Change: +128% · Conversion: Easy
RESTAURANT
$890,000
Change: +114% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +103% · Conversion: Moderate
COMMERCIAL (GENERAL)
$755,000
Change: +82% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$725,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$640,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$66 / 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
$10,495
Tax year 2023
Assessed value
$606,800
Assessed 2023
Previous assessed
$606,800
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$321,600
Assessed improvement
$285,200
Land market value
$321,600
Improvement market value
$285,200
Total market value
$606,800
Applied tax rate
11.0000
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
1995
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
11,920 SF
Lot
17.1 ac (744,876 SF)
APN
46-05-21-100-008.000-046
UPID
US31-2062247
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
AUTO REPAIR, GARAGE
Est. value
$945,000
RESTAURANT
Est. value
$890,000
RETAIL STORES
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$755,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$725,000
MEDICAL BUILDING
Est. value
$640,000
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1995
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
17.1 ac
Current owner
From public records · entity-resolved
Coolspring Township Volunteer Fire
Individual
Free & Clear · 3 yrs held
Mailing address
10398 W ALCIN DR, WESTVILLE, IN 46391-9522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2025
—
J & S Land Development Co LLC
—
Deed
related
$800,000 · Us Bank NA
Jan 3, 2023
—
Coolspring Township Volunteer Fire
J & S Land Development Co LLC
Warranty Deed
—
Oct 24, 2022
—
La Porte County
J & S Land Dev Co 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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