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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Manufacturing properties
10501 133rd Ave Cedar Lake, IN 46303-8577
Entity Owned
14-yr Hold
Free & Clear
Property ID
US31-3552243
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
28,000 SF
Lot
1.57 ac (68,346 SF)
Zoning code
R33
APN
45-15-28-130-010.000-014
UPID
US31-3552243
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
-
Ozinga - Concrete, Materials & Logistics Building Supply
-
SouthShoreFlooring.com Building Supply Hardware & Home Improvement
-
Schillings Distribution Center Building Supply Hardware & Home Improvement
-
Sterling Machine Industrial Manufacturer
-
McAllister Excavating Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.66M
Owner & transaction history
Gre-cedar Lake LLC · 14 yrs held
Gre-cedar Lake LLC
since 2012
3 recorded transactions
Zoning & alternative use
R33 · Cedar Lake, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+55.3%
Commercial (general)
$2.3M
+47.6%
Auto repair, garage
$2.3M
+45.5%
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 Cedar Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Lake 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,575,000
Current use
RESTAURANT
$2,445,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,325,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,290,000
Change: +46% · Conversion: Easy
RETAIL STORES
$2,170,000
Change: +38% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,805,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±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
$59 / 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
$48,275
Tax year 2022
Assessed value
$1,364,100
Assessed 2023
Previous assessed
$1,409,200
-3.2% YoY
Effective rate
3.54%
On assessed value
Assessed land
$120,800
Assessed improvement
$1,243,300
Land market value
$120,800
Improvement market value
$1,243,300
Total market value
$1,364,100
Applied tax rate
14.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
28,000 SF
Lot
1.57 ac (68,346 SF)
Zoning code
R33
APN
45-15-28-130-010.000-014
UPID
US31-3552243
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Cedar Lake, INZoning R33 · permitted uses
R33 · Cedar Lake, 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
Lot
1.57 ac
Current owner
From public records · entity-resolved
Gre-cedar Lake LLC
Entity
Free & Clear · 14 yrs held
Mailing address
2121 WALTON RD, SAINT LOUIS, MO 63114-5807
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2012
—
Gre-cedar Lake LLC
Gund Real Estate LLC
Grant Deed
—
May 21, 2009
—
Gund Real Estate LLC
Gund Co INC
Quit Claim Deed
related
—
—
—
Gre-cedar Lake LLC
—
Deed Of Trust
related
$1,100,000 · Commerce Bank NA
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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