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Property profile & analytics
FOR LEASE
Strip malls
1830 45Th St Munster, IN 46321
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0440881
For Lease
1 / 2
Contact for pricing
1830 45Th St, Munster, IN 46321
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
97,938 SF
Lot
11.35 ac (494,406 SF)
Zoning code
R33
APN
45-07-32-126-001.000-027
UPID
US31-0440881
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
-
4 Pawz Only Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
45th Street Properties LLC · 7 yrs held
45th Street Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
R33 · Munster, 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 Munster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Munster 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
$16 / 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
$240,384
Tax year 2022
Assessed value
$9,038,500
Assessed 2023
Previous assessed
$8,941,800
+1.1% YoY
Effective rate
2.66%
On assessed value
Assessed land
$1,667,600
Assessed improvement
$7,370,900
Land market value
$1,667,600
Improvement market value
$7,370,900
Total market value
$9,038,500
Applied tax rate
27.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Units
15
Total area
97,938 SF
Lot
11.35 ac (494,406 SF)
Zoning code
R33
APN
45-07-32-126-001.000-027
UPID
US31-0440881
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Munster, INZoning R33 · permitted uses
R33 · Munster, IN
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
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Units
15
Lot
11.35 ac
Current owner
From public records · entity-resolved
45th Street Properties LLC
Entity
Mailing address
2846 45TH ST, HIGHLAND, IN 46322-2905
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2018
—
45th Street Properties LLC
—
Deed
related
$375,000 · Horizon Bk
Mar 23, 2017
—
45th Street Properties LLC
—
Deed
related
$225,000 · Horizon Bk
Oct 11, 2005
—
45th Street Properties LLC
—
Deed Of Trust
related
$5,300,000 · Midwest Bank & Trust Co
—
—
45th Street Properties LLC
—
Deed Of Trust
related
$6,901,581 · Midwest Bank & Trust Co
—
—
45th Street Properties LLC
—
Loan Modification
related
$375,000 · Horizon Bk
—
—
45th Street Properties LLC
—
Deed Of Trust
related
$3,825,000 · Mercantile Nat'l Bank Indiana
—
—
45th Street Properties LLC
—
Deed Of Trust
related
$7,050,000 · Peoples Bank
—
—
45th Street Properties LLC
—
Loan Modification
related
$225,000 · Horizon Bk
—
—
45th Street Properties LLC
—
Deed Of Trust
related
$1,250,000 · Midwest Bank & Trust Co
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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