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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Residential income homes
1028 Camellia Dr, Munster, IN 46321-3643
Entity Owned
3-yr Hold
Property ID
US31-3541071
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1978
Construction
WOOD
Total area
5,049 SF
Lot
0.41 ac (18,034 SF)
APN
45-07-30-379-003.000-027
UPID
US31-3541071
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
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
174 Meadow And Camellia LLC · 3 yrs held
174 Meadow And Camellia LLC
since 2023
Last sale
$520,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$385,000
+151.5%
Warehouse, storage
$375,000
+147.1%
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 Munster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Munster 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
$510,000
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$385,000
Change: +152% · Conversion: Difficult
WAREHOUSE, STORAGE
$375,000
Change: +147% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $520k (May 19 2023)
Last sale anchor
$520k
May 19 2023
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
$100 / 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
$12,602
Tax year 2022
Assessed value
$479,400
Assessed 2023
Previous assessed
$479,400
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$104,600
Assessed improvement
$374,800
Land market value
$104,600
Improvement market value
$374,800
Total market value
$479,400
Applied tax rate
27.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Stories
3
Units
4
Total area
5,049 SF
Lot
0.41 ac (18,034 SF)
APN
45-07-30-379-003.000-027
UPID
US31-3541071
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
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
RETAIL STORES
Est. value
$385,000
WAREHOUSE, STORAGE
Est. value
$375,000
RETAIL STORES
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
1978
Construction
WOOD
Heating
NONE
Stories
3
Units
4
Lot
0.41 ac
Current owner
From public records · entity-resolved
174 Meadow And Camellia LLC
Entity
Mailing address
1028 CAMELLIA DR APT #4, MUNSTER, IN 46321-3643
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2023
—
174 Meadow And Camellia LLC
Dillon Pryszcz
Quit Claim Deed
related
—
Sep 1, 2021
$520,000
Dillon Pryszcz
Lawrence D Perry
Warranty Deed
$473,646 · Neighborhood Loans
Sep 14, 2018
$3,900
Town Of Munster
Perry,lawrence D
Warranty Deed
—
Jul 16, 2015
—
Lawrence D Perry
Bella Enterprises LLC
Warranty Deed
$315,000 · Horizon Bank NA
Apr 7, 2006
—
Erm H Mooney
Barker,gayla C
Warranty Deed
$304,500 · Mbc Mortgage
—
—
Erm H Mooney
—
Deed Of Trust
related
$281,847 · First Advantage Mortgage
—
—
Erm H Mooney
—
Deed Of Trust
related
$284,519 · Carnegie Mortgage
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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