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Property profile & analytics
OFF-MARKET
Office Spaces
2121 45th St Highland, IN 46322-3762
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US31-0519293
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2015
Construction
WOOD
Total area
3,685 SF
Lot
4.88 ac (212,573 SF)
APN
45-07-29-458-001.000-026
UPID
US31-0519293
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
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
Prairie Square LLC · 12 yrs held
Prairie Square LLC
since 2013
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 Highland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
$322,168
Tax year 2022
Assessed value
$16,188,700
Assessed 2023
Previous assessed
$16,108,400
+0.5% YoY
Effective rate
1.99%
On assessed value
Assessed land
$966,200
Assessed improvement
$15,222,500
Land market value
$966,200
Improvement market value
$15,222,500
Total market value
$16,188,700
Applied tax rate
26.0000
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
2015
Construction
WOOD
Heating
NONE
Buildings
6
Stories
1
Total area
3,685 SF
Lot
4.88 ac (212,573 SF)
APN
45-07-29-458-001.000-026
UPID
US31-0519293
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
2015
Construction
WOOD
Heating
NONE
Stories
1
Buildings
6
Lot
4.88 ac
Current owner
From public records · entity-resolved
Prairie Square LLC
Entity
Mailing address
2901 CARLSON DR STE #330, HAMMOND, IN 46323-1191
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
Prairie Square LLC
—
Deed
related
$24,369,000 · Jll Real Estate Capital LLC
Nov 14, 2018
—
Prairie Square LLC
—
Deed
related
—
Sep 13, 2018
—
Prairie Square LLC
—
Deed
related
$3,500,000 · Centier Bk
Feb 5, 2018
—
Prairie Square LLC
—
Deed
related
$16,900,000 · Centier Bk
Dec 20, 2017
—
Prairie Square LLC
—
Deed
related
$16,800,000 · Centier Bank
Dec 16, 2016
—
Prairie Square LLC
—
Deed
related
$7,000,000 · Centier Bk
Aug 13, 2014
—
Prairie Square LLC
—
Grant Deed
related
$12,125,000 · Centier Bk
Jul 22, 2013
—
Prairie Square LLC
Shaver,dwight T
Grant Deed
—
Jan 14, 2013
—
E T Gastevich Ents LLC
Shaver,dwight T
Grant Deed
related
—
—
—
Prairie Square LLC
—
Loan Modification
related
—
—
—
Prairie Square LLC
—
Deed Of Trust
related
$7,000,000 · Centier Bk
—
—
Prairie Square LLC
—
Loan Modification
related
$16,900,000 · Centier Bk
—
—
Prairie Square LLC
—
Deed Of Trust
related
$3,500,000 · Centier Bk
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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