Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11040 Broadway Crown Point, IN 46307
    Back to Search
    Property profile & analytics

    11040 Broadway Crown Point, IN 46307

    View on Map
    • Retail properties & Spaces
    • 11,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 11040 Broadway

    Year built
    2023
    Property size
    11,200 SF
    Property type
    Retail properties & Spaces

    Description

    This 11,200 square foot Class A retail building in Crown Point, Indiana, offers multiple tenancy options, with spaces ranging from 2,800 to 11,200 square feet. Located on a 1.78-acre lot at 11040 Broadway (SR 53), this 2023-built property boasts 253 feet of frontage and 305 feet of depth, featuring B-3 zoning and all utilities in place. Its prime location benefits from high visibility and traffic counts of 14,834 cars daily on Broadway, placing it near major roadways including I-65 and US 30, as well as established businesses such as Speedway and Dunkin'. The property is situated across from the On Broadway Office Complex and less than two miles from the Lake County Courthouse and a variety of amenities. Furthermore, its proximity to the planned $250 million Fountains of Crown Point development, featuring hotels, restaurants, and a premier outlet mall, promises significant future growth and increased foot traffic. The property's 2022 real estate taxes totaled $263.66. This shovel-ready site is ideal for a single tenant build-to-suit or multiple tenants, and is also suitable for a land lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crown Point
    County
    Lake
    State
    Indiana
    Longitude
    -87.3354
    Latitude
    41.4175

    Comparable in this City

    • Value Estimation by Request
      28,800 SF

      1849 Summit St

      Neighborhood centers • 28,800 SF
      1849 Summit St, Crown Point, IN 46307
      View Details
    • Value Estimation by Request

      5124 Pne Is Dr

      Office properties & Spaces
      5124 Pne Is Dr, Merrillville, IN 46307
      View Details
    • Value Estimation by Request
      12,000 SF

      906-930 Main St

      Restaurants • 12,000 SF
      906-930 Main St, Crown Point, IN 46307
      View Details
    • Value Estimation by Request
      20,000 SF

      996 96 Pl Crown Pt

      Retail properties & Spaces • 20,000 SF
      996 96 Pl Crown Pt, Crown Point, IN 46307
      View Details
    • Value Estimation by Request
      1,500 SF

      11500 Randolph St

      Individual retail properties • 1,500 SF
      11500 Randolph St, Crown Point, IN 46307
      View Details
    • Value Estimation by Request
      2,001,120 SF

      65 Venture Park

      Restaurants • 2,001,120 SF
      65 Venture Park, Crown Point, IN 46307
      View Details

    Similar Nearby for Sale

    • $650,000
      11,800 SF

      Retail Space in Growing Community

      New retail space for sale in Winfield, Indiana.
      11500-11555 Randolph St, Crown Point, IN 46307
      View Details
    • $474,500

      Crown Point Commercial Opportunity

      1.83 acres zoned B-3 near Broadway intersection.
      111 East State Road 8, Crown Point, IN 46307
      View Details
    • $699,000

      Mixed-Use Property Near Crown Point

      Versatile investment property with residential and commercial income potential.
      300 S Court St, Crown Point, IN 46307
      View Details
    • $1,755,000
      4,505 SF

      Turn-Key Restaurant Investment Opportunity

      Restaurant in high-growth area with strong residential development.
      10685 Randolph St, Crown Point, IN 46307
      View Details
    • Contact for pricing

      Crown Point Commercial Opportunity

      1.83 acres zoned B-3 near Broadway intersection.
      111 E State Road 8, Crown Point, IN 46307
      View Details
    • Contact for pricing

      AmeriPlex Crossroads Land Opportunity

      4.23 acre lot in a premier business park.
      500 E 101St Ave, Crown Point, IN 46307
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Winfield Commercial Site For Lease

      10.13-acre commercial site in Winfield, IN, for lease.
      11003 Randolph St, Crown Point, IN 46307
      View Details
    • $20 SF/Yr
      2,160 SF

      Crown Point Retail Space Available

      Retail space for lease in Crown Point, Indiana.
      1405 E Summit St, Crown Point, IN 46307
      View Details
    • Contact for pricing

      Crown Point Warehouse and Showroom

      7,000 SF warehouse/showroom with outdoor storage and high visibility.
      1601 N Main St, Crown Point, IN 46307
      View Details
    • $1,800 /Mo
      1,350 SF

      Commercial Space in Crown Point

      Flexible commercial space suitable for various business types.
      10659 Randolph St, Crown Point, IN 46307
      View Details
    • $13 SF/Yr

      Downtown Crown Point Office Building

      Two-story office building in Crown Point's Historic Courthouse Square.
      116 W Clark St, Crown Point, IN 46307
      View Details
    • $49 SF/Yr
      572 SF

      Retail Space in Crown Point

      Retail space available in high-traffic Crown Point location.
      300 E 109Th Ave, Crown Point, IN 46307
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11040 Broadway
    Crown Point, IN 46307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11040 Broadway, Crown Point, IN, 46307
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!