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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Individual retail properties
1516 Main St, Crown Point, IN 46307-2332
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-0658304
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1998
Construction
TYPE NOT SPECIFIED
Total area
30,654 SF
Lot
3.1 ac (135,036 SF)
APN
45-12-32-451-001.000-029
UPID
US31-0658304
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
-
Ignite Elite Volleyball Club Gym & Fitness Center
-
Full Spectrum Fitness Gym & Fitness Center
-
219 Submission Academy Sports School Training Center
-
Epic Volleyball Gym & Fitness Center Sports Field & Court
-
Epic Training Center Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
1516 Main St LLC · 2 yrs held
1516 Main St LLC
since 2023
Last sale
$1.8M
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 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
$1,720,000
ML approach
$1,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,585,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,045,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,545,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,345,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,260,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±10% · vs last sale $1.75M (Nov 2 2023)
Last sale anchor
$1.75M
Nov 2 2023
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
$57 / 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
$27,282
Tax year 2022
Assessed value
$1,266,200
Assessed 2023
Previous assessed
$1,266,200
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$195,200
Assessed improvement
$1,071,000
Land market value
$195,200
Improvement market value
$1,071,000
Total market value
$1,266,200
Applied tax rate
29.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
30,654 SF
Lot
3.1 ac (135,036 SF)
APN
45-12-32-451-001.000-029
UPID
US31-0658304
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
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
3.1 ac
Current owner
From public records · entity-resolved
1516 Main St LLC
Entity
Mailing address
1516 N MAIN ST, CROWN POINT, IN 46307-2332
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jun 6, 2024
—
1516 Main St LLC
—
Deed
related
$877,000 · Small Business Growth Corporation
Nov 2, 2023
$1,750,000
1516 Main St LLC
Alka Properties LLC
Warranty Deed
$1,926,000 · Centier Bank
Nov 2, 2023
—
1516 Main St LLC
Alka Properties LLC
Warranty Deed
$1,926,000 · Centier Bank
Aug 31, 2020
—
Alka Properties LLC
Cvp Dev Co INC
Correction Deed
related
—
Nov 28, 2018
—
Alka Properties LLC
—
Deed
related
$745,000 · Tech Cu
Jul 9, 2009
—
Cp Sports Properties LLC
—
Trustees Deed
related
$15,000 · Peoples Bank
Apr 2, 2009
—
Cp Sports Properties LLC
Kutanovski,mitre
Quit Claim Deed
related
—
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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