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Property profile & analytics
OFF-MARKET
Office Spaces
132-136 Lincoln Hy Schererville, IN 46375
Individually Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-1079997
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1993
Construction
WOOD
Total area
4,966 SF
Lot
0.58 ac (25,395 SF)
APN
45-11-15-302-006.000-036
UPID
US31-1079997
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
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
Richard J Newell · 17 yrs held
Richard J Newell
since 2009
7 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 Schererville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schererville 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
$11,864
Tax year 2022
Assessed value
$682,700
Assessed 2023
Previous assessed
$643,300
+6.1% YoY
Effective rate
1.74%
On assessed value
Assessed land
$218,700
Assessed improvement
$464,000
Land market value
$218,700
Improvement market value
$464,000
Total market value
$682,700
Applied tax rate
36.0000
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
1993
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Total area
4,966 SF
Lot
0.58 ac (25,395 SF)
APN
45-11-15-302-006.000-036
UPID
US31-1079997
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
1993
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Lot
0.58 ac
Current owner
From public records · entity-resolved
Richard J Newell
Individual
Free & Clear · 17 yrs held
Mailing address
1417 WILDERNESS DR, SCHERERVILLE, IN 46375-2903
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2019
—
Richard J Newell
—
Trustees Deed
related
$200,000 · Old Plank Trl Cmnty Bk NA
May 2, 2016
—
Richard J Newell
—
Deed
related
$110,000 · Old Plank Trl Cmnty Bk NA
May 18, 2009
—
Richard J Newell
Trust 6724-lt
Grant Deed
—
Nov 21, 2006
—
Trust 6724-lt
Trust N1417-97
Quit Claim Deed
—
—
—
Newell Richard J
—
Deed Of Trust
related
$600,000 · First National Bank Illinois
—
—
Richard J Newell
—
Loan Modification
related
$110,000 · Old Plank Trl Cmnty Bk NA
—
—
Richard J Newell
—
Deed Of Trust
related
$719,635 · First National Bank Illinois
—
—
Trust N1417-97
—
Deed Of Trust
related
$500,000 · Harris NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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