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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Industrial properties
1301 Merrillville Rd Crown Point, IN 46307-2708
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0697891
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2009
Construction
WOOD
Total area
5,280 SF
Lot
8.39 ac (365,251 SF)
APN
45-16-05-202-005.000-042
UPID
US31-0697891
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
-
Proven Performance Physical Therapy Physician
-
Clubhouse Cafe at the Hub Cafe & Coffee Shop
-
Great Lakes Sports Hub Gym & Fitness Center Sports Field & Court
-
Five Star Great Lakes Travel Baseball Gym & Fitness Center Sports Field & Court
-
GMO Tech Management LLC Business Management Consultant Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$470k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Tenant Is Morris Baseball LLC · 1 yrs held
Tenant Is Morris Baseball LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$560,000
+175.8%
Restaurant
$445,000
+119.4%
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
$855,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$440,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$560,000
Change: +176% · Conversion: Difficult
RESTAURANT
$445,000
Change: +119% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$120 / 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
$52,857
Tax year 2022
Assessed value
$998,300
Assessed 2023
Previous assessed
$864,200
+15.5% YoY
Effective rate
5.29%
On assessed value
Assessed land
$760,900
Assessed improvement
$237,400
Land market value
$760,900
Improvement market value
$237,400
Total market value
$998,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
NONE
Buildings
4
Stories
1
Total area
5,280 SF
Lot
8.39 ac (365,251 SF)
APN
45-16-05-202-005.000-042
UPID
US31-0697891
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$560,000
RESTAURANT
Est. value
$445,000
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2009
Construction
WOOD
Heating
NONE
Stories
1
Buildings
4
Lot
8.39 ac
Current owner
From public records · entity-resolved
Tenant Is Morris Baseball LLC
Entity
Mailing address
10405 SILVER MAPLE DR, SAINT JOHN, IN 46373-8790
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
Tenant Is Morris Baseball LLC
The Great Lakes Sports Hub LLC
Deed
—
Jul 18, 2024
—
The Sports Hub INC
The Great Lakes Sports Hub LLC
Lease
$1,340,000 · Regional Development Company
Mar 30, 2023
—
The Great Lakes Sports Hub LLC
—
Deed
related
$1,712,300 · Peoples Bank
Mar 29, 2023
—
The Great Lakes Sports Hub
—
Deed
related
$1,198,610 · Peoples Bank
Jul 8, 2022
—
The Great Lakes Sports Hub LLC
—
Deed
related
$110,000 · Peoples Bank
Nov 1, 2021
$850,000
The Great Lakes Sports Hub LLC
Cadlerock III LLC
Limited Warranty Deed
$506,200 · Peoples Bank
Mar 12, 2021
$725,000
Cadlerock III LLC
Donald J Ernst
Sheriffs Deed
related
—
Feb 22, 2010
—
Donald & Cecilia Ernst LLC
—
Trustees Deed
related
$871,533 · Citizens Financial Bank
Jan 29, 2008
—
Donald & Cecilia Ernst LLC
—
Trustees Deed
related
$2,233,672 · Citizens Financial Bank
May 21, 2007
—
Donald & Cecilla Ernst LLC
Burrell Color LLC
Warranty Deed
related
—
Sep 16, 2005
—
Donald J Burrell
Burrell,donald J & Alice M
Quit Claim Deed
—
—
—
Donald & Cecilia Ernst LLC
—
Deed Of Trust
related
$1,452,555 · Citizens Financial Bank
—
—
Donald & Cecilia Ernst LLC
—
Deed Of Trust
related
$2,798,882 · Citizens Financial Bank
—
—
Donald & Cecilia Ernst LLC
—
Deed Of Trust
related
$90,416 · Citizens Financial Bank
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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