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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Assisted living facilities
119 Indiana Ave Crown Point, IN 46307-4112
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US31-3173606
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1914
Construction
WOOD
Total area
20,916 SF
Lot
0.49 ac (21,344 SF)
APN
45-16-08-231-002.000-042
UPID
US31-3173606
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
-
Colonial Nursing and Rehab Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$416k
Blend (final)
Blend
$610k
Owner & transaction history
Img Healthcare Properties LLC · 8 yrs held
Img Healthcare Properties LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$920,000
+66.0%
Medical building
$860,000
+55.7%
Neighborhood: shopping center
$815,000
+47.1%
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 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
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$555,000
Current use
COMMERCIAL (GENERAL)
$920,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$860,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$29 / 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
$92,197
Tax year 2022
Assessed value
$1,632,100
Assessed 2023
Previous assessed
$2,084,400
-21.7% YoY
Effective rate
5.65%
On assessed value
Assessed land
$122,100
Assessed improvement
$1,510,000
Land market value
$122,100
Improvement market value
$1,510,000
Total market value
$1,632,100
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1914
Construction
WOOD
Heating
NONE
Stories
3
Total area
20,916 SF
Lot
0.49 ac (21,344 SF)
APN
45-16-08-231-002.000-042
UPID
US31-3173606
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$920,000
MEDICAL BUILDING
Est. value
$860,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1914
Construction
WOOD
Heating
NONE
Stories
3
Lot
0.49 ac
Current owner
From public records · entity-resolved
Img Healthcare Properties LLC
Entity
Mailing address
119 N INDIANA AVE, CROWN POINT, IN 46307-4112
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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 2, 2020
—
119 Crown Pint Propco LLC
—
Deed
related
$1,200,000 · Cibc Bank USA
Mar 27, 2018
—
Img Healthcare Properties LLC
—
Loan Modification
related
$31,519,445 · Geneva Cap Grp INC
Jan 19, 2018
—
Img Healthcare Properties LLC
Ohi Asset In Crown Point LLC
Grant Deed
$26,625,000 · Geneva Cap Grp INC
Jan 18, 2013
—
Ohi Asset In Crown Point LLC
Crown Health Investors LLC
Quit Claim Deed
related
—
Mar 23, 2006
—
Crown Health Investors LLC
Heady Corp
Corporation Deed
$540,000 · First Financial Bank NA
Aug 26, 2004
$500,000
Heady Financial Corp
Sheriff Of Lake County
Trustees 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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