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Property profile & analytics
FOR LEASE
Office Spaces
12634 Wicker Ave Cedar Lake, IN 46303
Entity Owned
14-yr Hold
Free & Clear
Property ID
US31-0348382
For Lease
1 / 7
$2,242/Mo
12634 Wicker Ave, Cedar Lake, IN 46303
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2018
Construction
TYPE NOT SPECIFIED
Total area
9,984 SF
Lot
0.62 ac (27,007 SF)
APN
45-15-20-229-021.000-014
UPID
US31-0348382
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
-
Premier Porta Potty Sanitation Service
-
Legacy Insurance Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.32M
Owner & transaction history
T & J Land Ventures LLC · 14 yrs held
T & J Land Ventures LLC
since 2011
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 Cedar Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Lake 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%
$1,645,000
6.5%
$1,520,000
7%
$1,410,000
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$132 / 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
$42,218
Tax year 2022
Assessed value
$1,774,600
Assessed 2023
Previous assessed
$1,773,500
+0.1% YoY
Effective rate
2.38%
On assessed value
Assessed land
$181,800
Assessed improvement
$1,592,800
Land market value
$181,800
Improvement market value
$1,592,800
Total market value
$1,774,600
Applied tax rate
14.0000
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
For Lease
Year built
2018
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Stories
3
Bathrooms
1
Total area
9,984 SF
Lot
0.62 ac (27,007 SF)
APN
45-15-20-229-021.000-014
UPID
US31-0348382
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
2018
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Stories
3
Bathrooms
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
T & J Land Ventures LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 2009, CEDAR LAKE, IN 46303-2009
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Nov 30, 2011
—
T & J Land Ventures LLC
Palkovich,nathan
Quit Claim Deed
related
—
Dec 17, 2010
—
Schilling,thomas
Feitz,david
Quit Claim Deed
related
—
Dec 11, 2009
—
Schilling,thomas
Trust 4854
Grant Deed
related
—
Jul 17, 2009
—
Lindemulder Properties LLC
Schmidt,francis & Dawn
Warranty Deed
$160,000 · Providence Bank
Jan 23, 2009
—
Tom Schilling
Palkovich,nathan
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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