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Property profile & analytics
FOR LEASE
Strip malls
10033 Wicker Ave Saint John, IN 46373
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0592349
For Lease
1 / 24
$680,000
10033 Wicker Ave, Saint John, IN 46373
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
19,826 SF
Lot
1.89 ac (82,459 SF)
Zoning code
R33
APN
45-11-33-353-001.000-035
UPID
US31-0592349
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$680k
Owner & transaction history
Shops Of Ravenwood Square LLC · 21 yrs held
Shops Of Ravenwood Square LLC
since 2004
5 recorded transactions
Zoning & alternative use
R33 · Saint John, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+61.0%
Industrial (general)
$1.1M
+60.7%
Apartment house (5+ units)
$1.1M
+60.2%
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 Saint John submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint John 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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Current use
MEDICAL BUILDING
$1,115,000
Change: +61% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,115,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,110,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,055,000
Change: +52% · Conversion: Easy
RETAIL STORES
$970,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$34 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$44,196
Tax year 2022
Assessed value
$2,516,900
Assessed 2023
Previous assessed
$2,411,000
+4.4% YoY
Effective rate
1.76%
On assessed value
Assessed land
$567,900
Assessed improvement
$1,949,000
Land market value
$567,900
Improvement market value
$1,949,000
Total market value
$2,516,900
Applied tax rate
35.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
6
Total area
19,826 SF
Lot
1.89 ac (82,459 SF)
Zoning code
R33
APN
45-11-33-353-001.000-035
UPID
US31-0592349
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Saint John, INZoning R33 · permitted uses
R33 · Saint John, IN
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$695,000
MEDICAL BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
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
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
6
Lot
1.89 ac
Current owner
From public records · entity-resolved
Shops Of Ravenwood Square LLC
Entity
Mailing address
359 E MUNZ RD, CRETE, IL 60417-4033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2005
—
Shops Of Revenwood Square LLC
—
Trustees Deed
related
$600,000 · Providence Bank
Oct 6, 2004
—
Shops Of Ravenwood Square LLC
Deboer,paul R
Quit Claim Deed
related
—
May 27, 2004
—
Paul R Deboer
Deboer Exchange LLC
Quit Claim Deed
related
—
Jan 30, 2004
—
De Boer Exchange LLC
Ravenwood Business Center LLC
Warranty Deed
related
—
—
—
Shops Of Ravenwood Square LLC
—
Deed Of Trust
related
$300,000 · Providence Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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