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Property profile & analytics
OFF-MARKET
Office Spaces
1099 Clark Rd, Gary, IN 46404-1639
Individually Owned
3-yr Hold
Free & Clear
Property ID
US31-1161662
Property summary
AI-generated overview
This 1,000 square foot retail property, located at 1099 Clark Rd in Gary, Indiana (zip code 46404), presents a compelling investment opportunity. The property, classified as a Class C building, is a vacant convenience store and gas station, situated on a 0.07-acre lot. Built in 1953, the single-story structure features one unit and is zoned B. The asking price is $350,000, translating to $350 per square foot. The property includes fiberglass tanks. This is an owner/user investment opportunity. The property's location at a corner lot offers excellent visibility and accessibility. The property's address is verified as 1099 Clark Rd, Gary, Lake County, Indiana. The Assessor's Parcel Number (APN) is 45-08-07-105-012.000-004. Serious inquiries only.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1953
Construction
WOOD
Total area
1,314 SF
Lot
0.27 ac (11,587 SF)
APN
45-08-07-105-012.000-004
UPID
US31-1161662
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
-
Gary Food Mart & Deli Grocery & Convenience Store
-
Tiny Buns Childcare Center Daycare Center Foster Care Service
-
Kids & More Kids Daycare Daycare Center Foster Care Service
-
Nina's Loving Care Center Daycare Center
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
Cherry Brown · 3 yrs held
Cherry Brown
since 2022
4 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 Gary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gary 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
$1,517
Tax year 2022
Assessed value
$88,700
Assessed 2023
Previous assessed
$42,600
+108.2% YoY
Effective rate
1.71%
On assessed value
Assessed land
$8,700
Assessed improvement
$80,000
Land market value
$8,700
Improvement market value
$80,000
Total market value
$88,700
Applied tax rate
4.0000
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
1953
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,314 SF
Lot
0.27 ac (11,587 SF)
APN
45-08-07-105-012.000-004
UPID
US31-1161662
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
1953
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Cherry Brown
Individual
Free & Clear · 3 yrs held
Mailing address
2000 WILLIAMS ST, GARY, IN 46404-2563
Ownership since
2022
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
Nov 1, 2022
—
Cherry Brown
Indiana Land Trust Company
Deed
—
Apr 14, 2016
$3,000
Indiana Land Trust Co 120064
Auditor Lake County
Tax Deed
related
—
Dec 11, 2006
—
1001 Franklin Dev LLC
Lubos,barhaj
Quit Claim Deed
related
—
Feb 8, 2005
—
Barhaj Lubos
Lupus,saada
Quit Claim 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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