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Property profile & analytics
OFF-MARKET Estimated value $1,150,000
Commercial real estate

1000 Reder Rd Griffith, IN 46319-3116

13,860 SF 10.89 ac lot Built 1997
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US31-0507853
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1997
Construction WOOD
Total area 13,860 SF
Lot 10.89 ac (474,238 SF)
Zoning code R3
APN 45-11-02-476-003.000-006
UPID US31-0507853
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$943k
Blend (final) Blend
$1.15M
Owner & transaction history
Jack L Clark · 1 yrs held
Jack L Clark
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
R3 · Griffith, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

feet and located in the rear yard of an R1, R2, R3 or R4 zoned lot shall not be counted as an accessory structure or building, and subsequent structures of any size shall be considered accessory. All sheds, playhouses, dog houses, etc. in any zoning district, except R1, R2, R3 and R4, shall be considered accessory and require approval of a site plan by the p…

Zone name Single And Two Family Residence
General category RESIDENTIAL
Zone area 50.23 ac
Source code of ordinances
Top alternative use upside
Retail stores $1.1M +19.2%
Warehouse, storage $1.0M +17.1%
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