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Property profile & analytics
OFF-MARKET
Estimated value
$11,875,000
Office Spaces
10920 Calumet Ave, Dyer, IN 46311-3519
Individually Owned
9-yr Hold
Free & Clear
Property ID
US31-0484479
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2018
Construction
TYPE NOT SPECIFIED
Total area
99,630 SF
Lot
37 ac (1,611,720 SF)
APN
45-14-12-200-005.000-013
UPID
US31-0484479
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
-
Illiana Christian High School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.18M
Comparable Approach
Comparable
$11.88M
Blend (final)
Blend
$11.88M
Owner & transaction history
Illiana Christian High Sch Ass · 9 yrs held
Illiana Christian High Sch Ass
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.6M
+19.2%
Warehouse, storage
$7.4M
+17.1%
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 Dyer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dyer 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%
$16,440,000
6.5%
$15,175,000
7%
$14,090,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,565,000
Change: +19% · Conversion: Easy
WAREHOUSE, STORAGE
$7,430,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$11.88M
Range $10.69M – $13.06M · ±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
$119 / 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
$365,026
Tax year 2022
Assessed value
$18,209,400
Assessed 2023
Previous assessed
$18,253,600
-0.2% YoY
Effective rate
2.00%
On assessed value
Assessed land
$3,792,500
Assessed improvement
$14,416,900
Land market value
$3,792,500
Improvement market value
$14,416,900
Total market value
$18,209,400
Applied tax rate
13.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2018
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
2
Total area
99,630 SF
Lot
37 ac (1,611,720 SF)
APN
45-14-12-200-005.000-013
UPID
US31-0484479
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
$7.6M
WAREHOUSE, STORAGE
Est. value
$7.4M
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
2018
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Buildings
2
Lot
37 ac
Current owner
From public records · entity-resolved
Illiana Christian High Sch Ass
Individual
Free & Clear · 9 yrs held
Mailing address
10920 CALUMET AVE, DYER, IN 46311-3519
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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 25, 2023
—
Illiana Christian High School Assn
—
Deed
related
$12,000,000 · Providence Bank & Trust
Dec 20, 2017
—
Illiana Christian High Sch Ass
—
Grant Deed
related
$22,000,000 · Providence Bk&tr
May 5, 2017
—
Illiana Christian High Sch Ass
Parmely Barbara J Trust
Grant Deed
—
May 12, 2016
—
Illiana Christian High School
Parmley Barbara J Trust
Warranty Deed
—
Aug 13, 2012
—
Parmely Barabara J Trust
Parmely,barbara J
Quit Claim Deed
related
—
Mar 4, 2004
—
Barbara J Parmely
Niemeyer,alice M
Grant 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.
Try Rey
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