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    Property profile & analytics

    1850 Florida Gary, IN 46405

    • Industrial properties
    • 9.78 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US31-2395427
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1850 Florida

    Year built
    1980
    Lot size
    9.78 lot acres
    Property type
    Industrial properties
    APN
    45-08-11-451-004.000-004
    APU
    450811451004000004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3038
    Latitude
    41.5824
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,366
    $282,200
    $9,800
    $292,000
    -
    $282,200
    $9,800
    $292,000

    Comparable in this City

    • Value Estimation by Request
      3,350 SF

      3619 Central Ave

      INDUSTRIAL (GENERAL) • 3,350 SF
      3619 Central Ave, Lake Station, IN 46405-2319
      View Details
    • Value Estimation by Request
      8.35 Acres

      6801-68 10th Ave

      INDUSTRIAL (GENERAL) • 8.35 Acres
      6801-68 10th Ave, Gary, IN 46405
      View Details
    • Value Estimation by Request
      0.17 Acres

      2801 Vanderburg St

      INDUSTRIAL (GENERAL) • 0.17 Acres
      2801 Vanderburg St, Lake Station, IN 46405
      View Details
    • Value Estimation
      $275,000
      0.55 Acres

      2525 Dekalb St

      INDUSTRIAL (GENERAL) • 0.55 Acres
      2525 Dekalb St, Lake Station, IN 46405-1516
      View Details
    • Value Estimation by Request
      5,948 SF

      4901 15th Ave

      HEAVY INDUSTRIAL • 5,948 SF
      4901 15th Ave, Gary, IN 46405
      View Details
    • Value Estimation by Request
      2.67 Acres

      729 25th Pl

      MANUFACTURING (LIGHT) • 2.67 Acres
      729 25th Pl, Lake Station, IN 46405
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Vacant land available in Lake Station, Indiana.
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      Turnkey Pub and Grub Business

      Turnkey pub and grub with licenses and apartment for sale.
      2808 Dekalb St, Lake Station, IN 46405
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    • $723,172
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      Lake Station Retail Opportunity

      Retail property for sale in Lake Station, Indiana.
      2626 Central Ave, Lake Station, IN 46405
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      1.39-acre wooded lot perfect for building a dream home.
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    1850 Florida
    Gary, IN 46405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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