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    Property profile & analytics

    1500 Burr St Gary, IN 46406

    • Medical offices
    • 3,054 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Sep 06, 2023
    Location Intelligence
    Property ID
    US31-0735620
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 1500 Burr St

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.79 lot acres
    Property size
    3,054 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    45-07-12-329-002.000-004
    APU
    450712329002000004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.4039
    Latitude
    41.5875
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,181
    $25,800
    $61,000
    $86,800
    -
    $25,800
    $61,000
    $86,800

    Comparable in this City

    • Value Estimation by Request
      16,696 SF

      7501 15th Ave

      MEDICAL BUILDING • 16,696 SF
      7501 15th Ave, Gary, IN 46406-2267
      View Details
    • Value Estimation by Request
      1,520 SF

      5220 25th Ave

      MEDICAL BUILDING • 1,520 SF
      5220 25th Ave, Gary, IN 46406-3214
      View Details
    • Value Estimation
      $390,000
      11,110 SF

      360 Mt St, Unit 94

      HOMES (RETIRED, NURSING) • 11,110 SF
      360 Mt St, Gary, IN 46406-1614
      View Details
    • Value Estimation by Request
      1,692 SF

      3200 Industrial Hwy

      OFFICE (GENERAL) • 1,692 SF
      3200 Industrial Hwy, Gary, IN 46406-1752
      View Details
    • Value Estimation by Request
      5,154 SF

      2540 Colfax St, Unit 50

      OFFICE (GENERAL) • 5,154 SF
      2540 Colfax St, Gary, IN 46406-3032
      View Details
    • Value Estimation by Request
      108,814 SF

      5701 7th Ave

      OFFICE (GENERAL) • 108,814 SF
      5701 7th Ave, Gary, IN 46406-1440
      View Details

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      14.2 Acre Gary Commercial Land

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    Similar Nearby for Lease

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      6 SF

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      Gary, IN Commercial Land Opportunity

      4.87-acre commercial lot for lease.
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    1500 Burr St
    Gary, IN 46406
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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