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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Medical Office Space
1705 25th Ave 35, Gary, IN 46404-3544
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-0638870
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
STEEL FRAME
Total area
11,047 SF
Lot
1.38 ac (59,939 SF)
Zoning code
R33
APN
45-08-17-426-001.000-004
UPID
US31-0638870
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
-
Saurabh Chawla, MD Physician Medical Clinic
-
Northwest Indiana Nephrology Associates; Gary Office Medical Clinic
-
Gaurav Alreja, MD Physician Medical Clinic
-
Amanda Chambers, NP Physician
-
Gaurav Agarwal, MD; Main Office Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$605k
Owner & transaction history
J5 Medical LLC · 6 yrs held
J5 Medical LLC
since 2019
6 recorded transactions
Zoning & alternative use
R33 · Gary, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$965,000
+94.1%
Commercial (general)
$690,000
+38.5%
Apartment house (5+ units)
$530,000
+6.7%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$500,000
Current use
AUTO REPAIR, GARAGE
$965,000
Change: +94% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: +38% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$530,000
Change: +7% · Conversion: Moderate
WAREHOUSE, STORAGE
$430,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$55 / 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
$48,846
Tax year 2022
Assessed value
$1,325,000
Assessed 2023
Previous assessed
$1,371,300
-3.4% YoY
Effective rate
3.69%
On assessed value
Assessed land
$165,100
Assessed improvement
$1,159,900
Land market value
$165,100
Improvement market value
$1,159,900
Total market value
$1,325,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
11,047 SF
Lot
1.38 ac (59,939 SF)
Zoning code
R33
APN
45-08-17-426-001.000-004
UPID
US31-0638870
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$965,000
COMMERCIAL (GENERAL)
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$530,000
WAREHOUSE, STORAGE
Est. value
$430,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2018
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
J5 Medical LLC
Entity
Mailing address
4622 TRANSYVANIA AVE STE #700, KANSAS CITY, MO 64112
Ownership since
2019
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 6, 2019
—
J5 Medical LLC
Nwi Medical Realty LLC
Special Warranty Deed
$2,400,000 · Emprise Bank
Aug 8, 2017
—
Nwi Medical Realty LLC
—
Deed
related
$1,680,000 · Horizon Bank NA
Jul 17, 2017
—
Nwi Medical Realty LLC
—
Grant Deed
related
$1,200,000 · Horizon Bk
Feb 7, 2017
—
Nwi Medical Realty LLC
—
Trustees Deed
related
$9,945,000 · Horizon Bk
Nov 14, 2016
—
Grant-80-94 LLC
Grant-80-94 INC
Quit Claim Deed
$240,000 · Horizon Bank NA
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.
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