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Property profile & analytics
FOR LEASE
Strip malls
112 East Ridge Rd Griffith, IN 46319
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0437452
For Lease
1 / 2
Contact for pricing
112 East Ridge Rd, Griffith, IN 46319
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
WOOD
Total area
15,126 SF
Lot
1.69 ac (73,704 SF)
APN
45-07-26-126-001.000-006
UPID
US31-0437452
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
-
Rick Greenberg - State Farm Insurance Agent Insurance Agency
-
ATM Machine at Nails Tek Atm
-
Unbank Bitcoin ATM Atm
-
Royales Beauty & Barber Barber Shop
-
Troubleshoot wireless cell phone repair Computer & Electronic Repair Tech Support 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
Groenhill Properties LLC · 4 yrs held
Groenhill Properties LLC
since 2022
5 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 Griffith submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Griffith 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
$30,458
Tax year 2022
Assessed value
$1,280,400
Assessed 2023
Previous assessed
$1,126,000
+13.7% YoY
Effective rate
2.38%
On assessed value
Assessed land
$539,400
Assessed improvement
$741,000
Land market value
$539,400
Improvement market value
$741,000
Total market value
$1,280,400
Applied tax rate
6.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Units
10
Total area
15,126 SF
Lot
1.69 ac (73,704 SF)
APN
45-07-26-126-001.000-006
UPID
US31-0437452
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
1989
Construction
WOOD
Heating
NONE
Stories
1
Units
10
Lot
1.69 ac
Current owner
From public records · entity-resolved
Groenhill Properties LLC
Entity
Mailing address
10827 FRANK LN, ORLAND PARK, IL 60467-4601
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Groenhill Properties LLC
Alpha K LLC
Warranty Deed
$937,500 · The Huntington National Bank
Nov 6, 2017
—
Alpha K LLC
Kirincic,michael & Carol L
Quit Claim Deed
related
—
Sep 9, 2011
—
Michael Kirincic
—
Trustees Deed
related
$294,201 · Peoples Bank
—
—
Michael Kirincic
—
Deed Of Trust
related
$1,110,000 · Peoples Bank
—
—
Michael Kirincic
—
Deed Of Trust
related
$472,000 · National City Bank Indiana
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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