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Property profile & analytics
OFF-MARKET
Estimated value
$3,980,000
Strip malls
1500-14 Us 41, Schererville, IN 46375
Individually Owned
Free & Clear
Property ID
US31-2484171
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
TYPE NOT SPECIFIED
Total area
9,174 SF
Lot
0.75 ac (32,626 SF)
Zoning code
R33
APN
45-11-08-480-005.000-036
UPID
US31-2484171
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
$2.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.98M
Owner & transaction history
Floor And Decor Outlets Of America
Floor And Decor Outlets Of America
since 2025
7 recorded transactions
Zoning & alternative use
R33 · Schererville, 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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,990,000
6.5%
$2,760,000
7%
$2,560,000
Blend value · Realmo final
$3.98M
Range $3.58M – $4.38M · ±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
$434 / 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
$22,366
Tax year 2022
Assessed value
$1,216,900
Assessed 2023
Previous assessed
$1,212,800
+0.3% YoY
Effective rate
1.84%
On assessed value
Assessed land
$262,200
Assessed improvement
$954,700
Land market value
$262,200
Improvement market value
$954,700
Total market value
$1,216,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
5
Total area
9,174 SF
Lot
0.75 ac (32,626 SF)
Zoning code
R33
APN
45-11-08-480-005.000-036
UPID
US31-2484171
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Schererville, IN
Zoning R33 · permitted uses
R33 · Schererville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Schererville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
5
Lot
0.75 ac
Current owner
From public records · entity-resolved
Floor And Decor Outlets Of America
Individual
Free & Clear · 0 yrs held
Mailing address
123 N MAIN ST STE 01, CROWN POINT, IN 46307-4090
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
Floor And Decor Outlets Of America
Schererville Fountain LLC
Deed
—
May 21, 2025
—
Schereville Fountain LLC
—
Deed
related
$3,370,000 · Old Plank Trail Community Bank NA
May 4, 2023
—
Schereville Fountain LLC
—
Deed
related
$850,000 · Old Plank Trail Community Bank NA
May 18, 2021
$6,500,000
Schererville Fountain LLC
Centier Bank
Re-recorded Document
related
—
Mar 24, 2021
$6,500,000
Schererville Fountain LLC
Centier I Bank
Warranty Deed
$850,000 · Old Plank Trail Community Bank NA
Apr 26, 2019
$9,800,000
Centier Bk
Sheriff Of Lake County|fountain Park Investments L
Trustees Deed
related
—
Jun 14, 2010
—
Fountain Park Ctr Developers L
—
Deed Of Trust
related
$4,727,491 · First Midwest 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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