Entity Owned 
For Lease
1 / 28
$18 SF/Yr
131 Ridge Rd, Munster, IN 46321
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Property summary
AI-generated overview
The property is a well-maintained office building configured for office use, with approximately 1,150 square feet of main-level space. The existing layout includes two private offices, a reception area, a kitchenette, and an open bullpen/work area. A lower level provides an additional approximately 500 square feet arranged as an open-concept unit. The building is positioned on the northwest corner of Ridge Road and Hohman Avenue with access from both streets and features visible signage along Ridge Road. On-site parking is available. The site is located near the Indiana state line in Munster, Indiana, providing regional proximity to Hammond, Highland, Dyer, Schererville, Lansing, and Lynwood, and it lies within the Chicago metropolitan area, approximately 30 miles southeast of the Chicago Loop.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
1985
Construction
WOOD
Total area
7,920 SF
Lot
0.32 ac (13,983 SF)
APN
45-06-24-126-028.000-027
UPID
US31-0561786
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Home Health Care Service
-
Tech Support Center (Bike/Boat/Book/etc) Store
-
Financial Advisor
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$335k
Owner & transaction history
since 2024
1 recorded transaction
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 16 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$335k
Value range
$302k – $369k
±10% around blend
Estimated value / SF
$42 / SF
Confidence
High
16 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$302k
blend $335k
$369k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,920 SF
Lot area
0.32 ac
Year built
1985
Stories
3
APN
45-06-24-126-028.000-027
Assessed value
$595,700
Annual tax
$18,211
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$18,211
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$956k
Weighted, 16 comps · high confidence
Evidence
16 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.5 mi away · 6,295 SF
8.0 mi away · 7,050 SF
9.4 mi away · 8,668 SF
10.3 mi away · 10,192 SF
13.5 mi away · 7,100 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$335k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 26 sales
$51
-18%
County 100 sales
$64
-34%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $42/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 16 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$208k
Move the market yield to see immediate price impact.
Value / SF
$26
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$13k
$263k
$188k
$146k
$15k
$292k
$208k
$162k
$16k
$321k
$229k
$178k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
16 found
High confidence · county-verified
Closest comparable
$95k
4.8 mi · Sep 2025 · $14/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,211
Tax year 2023
Assessed value
$595,700
Assessed 2023
Previous assessed
$595,700
+0.0% YoY
Effective rate
3.06%
On assessed value
Assessed land
$207,400
Assessed improvement
$388,300
Land market value
$207,400
Improvement market value
$388,300
Total market value
$595,700
Applied tax rate
27.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1985
Construction
WOOD
Heating
NONE
Stories
3
Total area
7,920 SF
Lot
0.32 ac (13,983 SF)
APN
45-06-24-126-028.000-027
UPID
US31-0561786
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Stories
3
Lot
0.32 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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