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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Auto shops
2300 15th Ave Gary, IN 46402-3036
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-0497818
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1972
Construction
WOOD
Total area
26,370 SF
Lot
5.75 ac (250,470 SF)
Zoning code
1309
APN
45-08-11-100-016.000-004
UPID
US31-0497818
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
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$986k
Blend (final)
Blend
$845k
Owner & transaction history
City Of Gary Department Of Redevelopment
City Of Gary Department Of Redevelopment
since 2026
7 recorded transactions
Zoning & alternative use
1309 · Gary, IN
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
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$32 / 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
$31,990
Tax year 2022
Assessed value
$512,100
Assessed 2023
Previous assessed
$621,900
-17.7% YoY
Effective rate
6.25%
On assessed value
Assessed land
$243,500
Assessed improvement
$268,600
Land market value
$243,500
Improvement market value
$268,600
Total market value
$512,100
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Stories
2
Total area
26,370 SF
Lot
5.75 ac (250,470 SF)
Zoning code
1309
APN
45-08-11-100-016.000-004
UPID
US31-0497818
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
1309 · Gary, INZoning 1309 · permitted uses
1309 · Gary, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
NONE
Stories
2
Lot
5.75 ac
Current owner
From public records · entity-resolved
City Of Gary Department Of Redevelopment
Entity
Free & Clear · 0 yrs held
Mailing address
2250 E 15TH AVE, GARY, IN 46402-3007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2026
—
City Of Gary Department Of Redevelopment
United Steel Workers Local 1014
Quitclaim Deed
—
Apr 6, 2026
$16,100
City Of Gary Department Of Redevelopment
K Bridges Investments INC
Warranty Deed
—
Apr 6, 2026
—
City Of Gary Department Of Redevelopment
K Bridges Investments INC
Quitclaim Deed
—
Aug 16, 2023
—
Nanse Abdulla
West Side Foods Of Gary INC
Deed
related
—
Nov 4, 2019
—
West Side Foods Of Gary INC
Fresh Oil Ministries INC
Grant Deed
—
Apr 6, 2017
—
Fresh Oil Ministries INC
Bryant,beatrice
Quitclaim Deed
related
—
Mar 14, 2017
—
Beatrice Bryant
Auditor Of Lake County|gentry,james L
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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