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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Residential income homes
116 Main St, Crown Point, IN 46307-4049
Individually Owned
6-yr Hold
Property ID
US31-0712063
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1926
Construction
WOOD
Total area
6,452 SF
Lot
0.07 ac (3,168 SF)
APN
45-16-08-202-005.000-042
UPID
US31-0712063
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
-
Spyceware Home Decor Store Department Store
-
Gypsy Curious Goods Home Decor Store Furniture & Home Goods
-
The CBD Lady Home Decor Store (Bike/Boat/Book/etc) Store
-
0n The Square Antique Emporium Home Decor Store (Bike/Boat/Book/etc) Store
-
Veleros Mexican Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$955k
Owner & transaction history
116 N Mainllc · 6 yrs held
116 N Mainllc
since 2019
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 Crown Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crown Point 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%
$1,070,000
6.5%
$985,000
7%
$915,000
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$148 / 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
$26,234
Tax year 2022
Assessed value
$812,600
Assessed 2023
Previous assessed
$812,600
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$142,600
Assessed improvement
$670,000
Land market value
$142,600
Improvement market value
$670,000
Total market value
$812,600
Applied tax rate
42.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1926
Construction
WOOD
Heating
NONE
Stories
3
Units
3
Total area
6,452 SF
Lot
0.07 ac (3,168 SF)
APN
45-16-08-202-005.000-042
UPID
US31-0712063
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
1926
Construction
WOOD
Heating
NONE
Stories
3
Units
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
116 N Mainllc
Individual
Mailing address
2251 US HWY 41, SCHERERVILLE, IN 46375-2807
Ownership since
2019
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
Dec 26, 2019
—
116 N Mainllc
Pj LLC
Warranty Deed
$550,000 · First Financial Bank
Sep 1, 2017
$355,000
Pj LLC
Dockus John E Trust
Grant Deed
—
Aug 17, 2017
—
Dockus,john E Trust
Dockus,john E
Quit Claim Deed
related
—
Mar 4, 2010
—
Dockus John E Trust
Dockus,john E
Quit Claim Deed
related
—
—
—
116 N Main LLC
—
Deed Of Trust
related
$550,000 · First Fin'l Bk&tr
—
—
116 N Main LLC
—
Deed Of Trust
related
$455,000 · Private Individual
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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