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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Commercial real estate
1040 Kennedy Ave, Schererville, IN 46375-1370
Entity Owned
Free & Clear
Property ID
US31-0550373
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Construction
TYPE NOT SPECIFIED
Total area
25,956 SF
Lot
1.3 ac (56,802 SF)
APN
45-11-09-178-003.000-036
UPID
US31-0550373
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
Current use
Occupant on record · Public records
-
Decor Ironworks, Inc. Metal Fabrication Plant Factory
-
Stone Wheel Inc. Auto Parts Store
-
STI Heating & Air Conditioning HVAC Service General Contractor
-
Green Acres Ironworks, Inc. General Contractor Construction Company
-
All Pro Towing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$646k
Blend (final)
Blend
$555k
Owner & transaction history
Cam Partners LLC
Cam Partners LLC
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Schererville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schererville 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$21 / 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
$14,134
Tax year 2022
Assessed value
$772,800
Assessed 2023
Previous assessed
$772,800
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$163,000
Assessed improvement
$609,800
Land market value
$163,000
Improvement market value
$609,800
Total market value
$772,800
Applied tax rate
36.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1974
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
25,956 SF
Lot
1.3 ac (56,802 SF)
APN
45-11-09-178-003.000-036
UPID
US31-0550373
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
Building & site characteristics
From public records
Year built
1974
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Cam Partners LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8985 SE HBR IS WAY, HOBE SOUND, FL 33455-3103
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
—
Cam Partners LLC
Trust Kklt 102
Warranty Deed
—
Feb 10, 2025
—
Kurt Kropp
Kurt Kropp
Deed
related
—
Dec 23, 2024
—
Kurt Kropp
Kurt Kropp
Deed
related
—
Nov 15, 2024
—
Kurt Kropp
Kurt Kropp
Deed
related
—
Jul 30, 2024
—
Sharon J Stroguiludis
George Stroguiludis
Transfer On Death Deed
related
—
May 23, 2024
—
Kurt Kropp
Kurt Kropp
Deed
related
—
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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