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Property profile & analytics
OFF-MARKET
Turn key restaurants
10329 Indianapolis Blvd Highland, IN 46322-3509
Entity Owned
11-yr Hold
Free & Clear
Property ID
US31-2302252
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
2,962 SF
Lot
0.66 ac (28,750 SF)
Zoning code
R3
APN
45-07-33-351-002.000-026
UPID
US31-2302252
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cft Nv Devs LLC · 11 yrs held
Cft Nv Devs LLC
since 2015
4 recorded transactions
Zoning & alternative use
R3 · Highland, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to establish a district in which multiple family residential and a PUD use may take place, and to identify other compatible allowable uses, as well as use variances which may be allowed under certain circumstances and with limitations as identified hereinafter.
Zone name
Single Two And Multiple Family Residence
General category
RESIDENTIAL
Zone area
62.26 ac
Source
Realmo
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 Highland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,101
Tax year 2022
Assessed value
$714,500
Assessed 2023
Previous assessed
$687,600
+3.9% YoY
Effective rate
1.97%
On assessed value
Assessed land
$292,800
Assessed improvement
$421,700
Land market value
$292,800
Improvement market value
$421,700
Total market value
$714,500
Applied tax rate
26.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
2,962 SF
Lot
0.66 ac (28,750 SF)
Zoning code
R3
APN
45-07-33-351-002.000-026
UPID
US31-2302252
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R3 · Highland, INZoning R3 · permitted uses
R3 · Highland, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to establish a district in which multiple family residential and a PUD use may take place, and to identify other compatible allowable uses, as well as use variances which may be allowed under certain circumstances and with limitations as identified hereinafter.
Zone name
Single Two And Multiple Family Residence
General category
RESIDENTIAL
Zone area
62.26 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Cft Nv Devs LLC
Entity
Free & Clear · 11 yrs held
Mailing address
LAS VEGAS, NV 89158
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2017
—
Cft Nv Developments LLC
—
Deed
related
$829,500 · East West Bank
Apr 10, 2015
—
Cft Nv Devs LLC
Cherng Family Trust
Quit Claim Deed
related
—
Jul 28, 2004
—
Cherng Family Trust
Usrp Funding 2002-a
Grant Deed
related
—
—
—
Cherng Family Trust
—
Deed Of Trust
related
$675,000 · United Overseas Bank Ltd
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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