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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Industrial properties
Sr 15 Silver Lake, IN 46982
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2723749
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2018
Construction
WOOD
Total area
12,000 SF
Lot
7.38 ac (321,473 SF)
Zoning code
IND-2
APN
43-15-32-300-123.000-013
UPID
US31-2723749
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
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$565k
Owner & transaction history
9526 South State Road 15 LLC · 7 yrs held
9526 South State Road 15 LLC
since 2018
2 recorded transactions
Zoning & alternative use
IND-2 · Silver Lake, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
KMBT_C284-20170116151457
Top alternative use upside
Apartment house (5+ units)
$930,000
+186.8%
Medical building
$765,000
+135.8%
Auto repair, garage
$740,000
+129.0%
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 Silver Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silver Lake 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
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$930,000
Change: +187% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: +136% · Conversion: Difficult
AUTO REPAIR, GARAGE
$740,000
Change: +129% · Conversion: Easy
COMMERCIAL (GENERAL)
$710,000
Change: +119% · Conversion: Difficult
WAREHOUSE, STORAGE
$475,000
Change: +47% · Conversion: Easy
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
$47 / 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
$7,187
Tax year 2023
Assessed value
$526,400
Assessed 2023
Previous assessed
$526,400
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$54,300
Assessed improvement
$472,100
Land market value
$54,300
Improvement market value
$472,100
Total market value
$526,400
Applied tax rate
13.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
12,000 SF
Lot
7.38 ac (321,473 SF)
Zoning code
IND-2
APN
43-15-32-300-123.000-013
UPID
US31-2723749
Jurisdiction
KOSCIUSKO
Zoning & alternative use
IND-2 · Silver Lake, INZoning IND-2 · permitted uses
IND-2 · Silver Lake, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
KMBT_C284-20170116151457
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$930,000
MEDICAL BUILDING
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2018
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
7.38 ac
Current owner
From public records · entity-resolved
9526 South State Road 15 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
9526 S STATE RD 15, SILVER LAKE, IN 46982-9131
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2018
—
9526 South State Road 15 LLC
Heckaman Real Estate Group LLC
Warranty Deed
—
Aug 17, 2018
—
Heckaman Real Estate Group LLC
Paul Bradford
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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