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Property profile & analytics
FOR SALE
Retail space
1601 W 25Th Ave, Gary, IN 46404
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US31-0233134
For Sale
1 / 2
$3,670,000
1601 W 25Th Ave, Gary, IN 46404
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
14,856 SF
Lot
2.31 ac (100,624 SF)
Zoning code
R33
APN
45-08-17-426-016.000-004
UPID
US31-0233134
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
$2.20M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.93M
Owner & transaction history
Pharmacy Portfolio Vii Dst · 11 yrs held
Pharmacy Portfolio Vii Dst
since 2014
6 recorded transactions
Zoning & alternative use
R33 · Gary, 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 Gary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gary 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%
$2,385,000
6.5%
$2,200,000
7%
$2,045,000
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±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
$130 / 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
$60,743
Tax year 2022
Assessed value
$1,661,000
Assessed 2023
Previous assessed
$1,705,300
-2.6% YoY
Effective rate
3.66%
On assessed value
Assessed land
$554,400
Assessed improvement
$1,106,600
Land market value
$554,400
Improvement market value
$1,106,600
Total market value
$1,661,000
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
14,856 SF
Lot
2.31 ac (100,624 SF)
Zoning code
R33
APN
45-08-17-426-016.000-004
UPID
US31-0233134
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Gary, IN
Zoning R33 · permitted uses
R33 · Gary, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gary. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
Pharmacy Portfolio Vii Dst
Individual
Mailing address
DEERFIELD, IL 60015
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2014
—
Pharmacy Portfolio Vii Dst
Gary Pharmacy Dst
Intrafamily Transfer
related
$43,533,606 · Parkway Bank & Trust Co
May 20, 2014
—
Gary Pharmacy Dst
Wal Gar LLC
Grant Deed
—
Nov 20, 2009
—
Wal Gar LLC
Cre Gary Triple Net Holdings L
Grant Deed
$3,884,000 · Us Bank NA Series 2007-c2 (ce)
Apr 13, 2007
—
Cre Gary Triple Net Holdings LLC
Gary County Market LLC
Warranty Deed
$3,884,000 · Ubs Real Estate Investments INC
Aug 8, 2005
—
Gary County Market LLC
Grant-80-94 INC
Grant Deed
—
Aug 2, 2004
—
County Market Center Assn INC
Grant-80-94 INC
Warranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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