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Property profile & analytics
OFF-MARKET
Medical Office Space
12712 Wicker Ave, Cedar Lake, IN 46303-9590
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-3518246
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
4,952 SF
Lot
0.73 ac (31,886 SF)
Zoning code
R3
APN
45-15-20-276-013.000-014
UPID
US31-3518246
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
-
Ethos Dental Group Dental Office
-
Martell-Polite Dental, P.C. Dental Office
-
Marc Stojkovich Dental Office
-
Michael Martell Dental Office
-
Polite Nicolette DDS Dental Office
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
Clay Holdings LLC · 1 yrs held
Clay Holdings LLC
since 2024
7 recorded transactions
Zoning & alternative use
R3 · Cedar Lake, IN
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
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
$17,470
Tax year 2022
Assessed value
$742,100
Assessed 2023
Previous assessed
$733,900
+1.1% YoY
Effective rate
2.35%
On assessed value
Assessed land
$239,800
Assessed improvement
$502,300
Land market value
$239,800
Improvement market value
$502,300
Total market value
$742,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,952 SF
Lot
0.73 ac (31,886 SF)
Zoning code
R3
APN
45-15-20-276-013.000-014
UPID
US31-3518246
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R3 · Cedar Lake, IN
Zoning R3 · permitted uses
R3 · Cedar Lake, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cedar Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Clay Holdings LLC
Entity
Mailing address
10109 SOMERSET DR, MUNSTER, IN 46321-4384
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Clay Holdings LLC
12712 Wicker LLC
Deed
$689,500 · Farm Credit Mid America Flca
Aug 29, 2019
$630,000
12712 Wicker LLC
Martell Michael R Trust
Grant Deed
—
Dec 19, 2016
—
Martell,michael R Trust
—
Deed
related
—
Feb 3, 2016
—
Martell,michael R Trust
—
Trustees Deed
related
$69,900 · First Midwest Bk
Nov 18, 2005
—
Martell Michael R Trust
Martell,michael R
Quit Claim Deed
related
—
May 13, 2004
—
Michael R Martell
Henn & Sons Const Svcs INC
Grant Deed
related
—
—
—
Martell,michael R Trust
—
Deed Of Trust
related
$650,000 · Bank Calumet
—
—
Martell Michael R Trust
—
Deed Of Trust
related
—
—
—
Martell,michael R Trust
—
Loan Modification
related
—
—
—
Martell,michael R Trust
—
Loan Modification
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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