Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10343 Indianapolis Blvd Highland, IN 46322-3638

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10343 Indianapolis Blvd Highland, IN 46322-3638

    View on Map
    • Strip malls
    • 12,169 SF
    • 1.40 lot acres
    Off-Market
    Property ID
    US31-1610063
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 10343 Indianapolis Blvd

    Year built
    2014
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.40 lot acres
    Property size
    12,169 SF
    Zone code
    R33
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    45-07-33-351-003.000-026
    APU
    450733351003000026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Lake
    State
    Indiana
    Longitude
    -87.4705
    Latitude
    41.5255
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $44,392
    $968,800
    $1,243,900
    $2,212,700
    -
    $968,800
    $1,243,900
    $2,212,700

    Comparable in this City

    • Value Estimation by Request
      20,092 SF

      2540 45th St

      SHOPPING CENTER, STRIP CENTER • 20,092 SF
      2540 45th St, Highland, IN 46322-2605
      View Details
    • Value Estimation by Request
      19,565 SF

      8333 Indianapolis Blvd, Unit 57

      SHOPPING CENTER, STRIP CENTER • 19,565 SF
      8333 Indianapolis Blvd, Highland, IN 46322-1065
      View Details
    • Value Estimation
      $600,000
      28,080 SF

      3305 45th St, Unit 3315

      SHOPPING CENTER, STRIP CENTER • 28,080 SF
      3305 45th St, Highland, IN 46322-3211
      View Details
    • Value Estimation
      $780,000
      26,700 SF

      2124 45th St, Unit 2166

      SHOPPING CENTER, STRIP CENTER • 26,700 SF
      2124 45th St, Highland, IN 46322-3742
      View Details
    • Value Estimation
      $1,180,000
      79,059 SF

      10243 Indianapolis Blvd

      SHOPPING CENTER, STRIP CENTER • 79,059 SF
      10243 Indianapolis Blvd, Highland, IN 46322-3507
      View Details
    • Value Estimation
      $1,570,000
      123,722 SF

      8319 Indianapolis Blvd

      SHOPPING CENTER, STRIP CENTER • 123,722 SF
      8319 Indianapolis Blvd, Highland, IN 46322-1065
      View Details

    Similar Nearby for Sale

    • $339,000
      2,893 SF

      Highland Mixed-Use Investment Opportunity

      Mixed-use property in Highland's Business District with income potential.
      2923 Jewett Ave, Highland, IN 46322
      View Details
    • Contact for pricing
      5,374 SF

      Versatile Mixed-Use Property with Residence

      Mixed-use property featuring commercial space, residence, and liquor license.
      3447 45 St, Highland, IN 46322
      View Details
    • $475,000
      1,664 SF

      Highland Retail Opportunity on Kennedy

      Two-unit retail building on Kennedy Avenue with high visibility.
      8327 Kennedy Ave, Highland, IN 46322
      View Details
    • Contact for pricing
      18,484 SF

      Highland Office/Medical Building For Sale

      Well-maintained 18,484 SF office/medical building in Highland, Indiana.
      3100 45 St, Highland, IN 46322
      View Details
    • Contact for pricing

      Professional Office Space in Highland

      Turnkey office space for lease with utilities included.
      9635 Saric Ct, Highland, IN 46322
      View Details
    • $699,000

      Established Restaurant Landmark For Sale

      Iconic Highland restaurant with loyal customer base since 1947.
      2904 45 St, Highland, IN 46322
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Highland, Indiana

      Retail spaces available for lease in Highland, Indiana.
      2008-2124 45 St, Highland, IN 46322
      View Details
    • Contact for pricing

      Highland Retail Space For Lease

      Retail spaces available in Highland, Indiana, with high traffic counts.
      2008-2124 45 St, Highland, IN 46322
      View Details
    • Contact for pricing

      Turnkey Office in Highland Plaza

      Turnkey office space for lease in a high-traffic location.
      9228 Indianapolis Blvd, Highland, IN 46322
      View Details
    • Contact for pricing
      12,156 SF

      Munster Warehouse with Drive-In Door

      Warehouse space with drive-in door in growing Munster area.
      1830 45Th St, Munster, IN 46322
      View Details
    • Contact for pricing
      2,600 SF

      Professional Office or Retail Space

      Built-out office/retail space with dedicated parking and high traffic.
      2203 45 St, Highland, IN 46322
      View Details
    • $6,666 /Mo
      4,100 SF

      Highland Retail/Office Lease Opportunity

      Multi-tenant retail/office building with customizable suites in Highland, Indiana.
      2427 Ridge Rd, Highland, IN 46322
      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.
    10343 Indianapolis Blvd
    Highland, IN 46322-3638
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!