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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
208 Main St, Crown Point, IN 46307-4054
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-2583374
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1936
Construction
WOOD
Total area
9,414 SF
Lot
0.2 ac (8,538 SF)
APN
45-16-08-251-003.000-042
UPID
US31-2583374
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
-
Culinary Misfits Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$510k
Owner & transaction history
Duckit Op LLC · 1 yrs held
Duckit Op LLC
since 2025
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 Crown Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crown Point 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
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$715,000
Current use
WAREHOUSE, STORAGE
$700,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$54 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$21,913
Tax year 2023
Assessed value
$797,300
Assessed 2023
Previous assessed
$797,300
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$144,100
Assessed improvement
$653,200
Land market value
$144,100
Improvement market value
$653,200
Total market value
$797,300
Applied tax rate
42.0000
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
Off-Market
Year built
1936
Construction
WOOD
Heating
NONE
Stories
2
Total area
9,414 SF
Lot
0.2 ac (8,538 SF)
APN
45-16-08-251-003.000-042
UPID
US31-2583374
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$715,000
WAREHOUSE, STORAGE
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$600,000
RETAIL STORES Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1936
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Duckit Op LLC
Entity
Mailing address
108 S MAIN ST, CROWN POINT, IN 46307-4052
Ownership since
2025
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
May 1, 2025
—
Duckit Op LLC
Duckit Cre LLC
Deed
$1,556,000 · Indiana Statewide Certified Dev Corp
Apr 30, 2025
—
Duckit Cre LLC
—
Deed
related
$1,520,000 · American Community Bank Of Indiana
Mar 27, 2023
—
Duckit Cre LLC
—
Deed
related
$640,000 · American Community Bank Of Indiana
May 10, 2022
—
Duckit Cre LLC
—
Deed
related
$2,240,000 · American Community Bank Of Indiana
May 18, 2021
—
Duckit Cre LLC
Brywal Real Estate LLC
Warranty Deed
—
Aug 19, 2020
—
Brywal Real Estate LLC
—
Deed
related
$250,000 · Peoples Bk
Dec 18, 2007
—
Brywal Real Estate LLC
—
Trustees Deed
related
$100,000 · American Savings Fsb
Feb 3, 2006
$250,000
Brywal Real Estate LLC
Sheriff Of Lake County
Trustees Deed
related
—
—
—
Brywal Real Estate LLC
—
Deed Of Trust
related
$283,003 · Peoples Bank
—
—
Brywal Real Estate LLC
—
Loan Modification
related
$250,000 · Peoples Bk
—
—
Brywal Real Estate LLC
—
Deed Of Trust
related
$200,000 · 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.
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