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Property profile & analytics
OFF-MARKET
Office Spaces
1201 Central Ave Lake Station, IN 46405-1557
Individually Owned
4-yr Hold
Free & Clear
Property ID
US31-0962666
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1946
Construction
WOOD
Total area
3,747 SF
Lot
0.16 ac (6,795 SF)
APN
45-09-18-452-001.000-021
UPID
US31-0962666
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
-
Sovren barbershop Barber Shop
-
Natural and Free, LLC Hair Salon
-
Simply Taxes and Investments Tax Preparation
-
Naturally You Hair Studio Hair Salon
-
ACL Home Care LLC Home Help Service Agency Transportation Escort Service
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
Ortiz Crisostomo Josey · 4 yrs held
Ortiz Crisostomo Josey
since 2021
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 Lake Station submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Station 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
$10,674
Tax year 2022
Assessed value
$200,400
Assessed 2023
Previous assessed
$200,400
+0.0% YoY
Effective rate
5.33%
On assessed value
Assessed land
$10,900
Assessed improvement
$189,500
Land market value
$10,900
Improvement market value
$189,500
Total market value
$200,400
Applied tax rate
21.0000
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
1946
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,747 SF
Lot
0.16 ac (6,795 SF)
APN
45-09-18-452-001.000-021
UPID
US31-0962666
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
1946
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ortiz Crisostomo Josey
Individual
Free & Clear · 4 yrs held
Mailing address
1500 CORTLAND DR, NAPERVILLE, IL 60565-1218
Ownership since
2021
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
Jul 28, 2021
—
Ortiz Crisostomo Josey
Lan Hoffman
Warranty Deed
—
Jun 8, 2015
—
Ian Hoffman
Clark Trust 4403011
Grant Deed
—
Feb 19, 2014
$3,500
Clark,portfolio Trust 4403011
Auditor Of Lake County
Tax Deed
related
—
Feb 19, 2014
$700
Clark,portfolio Trust 4403011
Auditor Of Lake County
Tax Deed
related
—
Jun 20, 2006
—
Allen Watkins
Gish,mollie
Warranty Deed
$120,000 · American Savings Fsb
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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