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Property profile & analytics
OFF-MARKET
Office Spaces
1619 Jct Ave Schererville, IN 46375-2022
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0011735
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1879
Construction
WOOD
Total area
8,193 SF
Lot
0.13 ac (5,837 SF)
APN
45-11-15-105-018.000-036
UPID
US31-0011735
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
-
Kelly Law Offices Law Firm
-
Law Office of Karl E. Hand, P.C. Law Firm
-
Michael J. Troumouliaris, Attorney at Law Law Firm
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
Constance J Conley · 4 yrs held
Constance J Conley
since 2021
Last sale
$270,000
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
$14,739
Tax year 2022
Assessed value
$794,800
Assessed 2023
Previous assessed
$794,800
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$26,800
Assessed improvement
$768,000
Land market value
$26,800
Improvement market value
$768,000
Total market value
$794,800
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
1879
Construction
WOOD
Heating
NONE
Stories
3
Units
1
Total area
8,193 SF
Lot
0.13 ac (5,837 SF)
APN
45-11-15-105-018.000-036
UPID
US31-0011735
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
1879
Construction
WOOD
Heating
NONE
Stories
3
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Constance J Conley
Individual
Mailing address
1619 JCT AVE, SCHERERVILLE, IN 46375-2022
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
$270,000
Constance J Conley
Michael I Conley
Affidavit Of Death Of Joint Tenant
related
—
Dec 23, 2021
—
Constance J Conley
Michael I Conley
Affidavit Of Death Of Joint Tenant
related
—
Jun 19, 2019
—
1619 Junction LLC
Trust No 5450
Deed
$202,500 · First Financial Bank
Mar 13, 2019
—
Trust No 5450
—
Deed
related
—
Oct 5, 2016
—
Trust 5450
—
Deed
related
$30,000
Aug 30, 2004
—
Trust 5450
Larry Titak Photography & Vide
Grant Deed
related
—
Aug 26, 2004
—
Titak Photography Larry
Trust 5450
Grant Deed
$225,000 · Sand Ridge Bank
—
—
Trust No 5450
—
Loan Modification
related
—
—
—
Trust 5450
—
Deed Of Trust
related
—
—
—
Trust 5450
—
Deed Of Trust
related
$30,000
—
—
Trust 5450
—
Deed Of Trust
related
$25,000 · Sand Ridge 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.
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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