New search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office Spaces
2301 Cline Ave Schererville, IN 46375-2558
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0746618
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1974
Construction
WOOD
Total area
13,860 SF
Lot
1.16 ac (50,399 SF)
APN
45-11-14-352-040.000-036
UPID
US31-0746618
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
-
Schere-Villa Rentals Real Estate Agency
-
Midwest Healthcare Career Training Development Training Center
-
Matrix Construction and Plumbing LLC Construction Company
-
Kaluf Dry Wall Co Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$450k
Blend (final)
Blend
$525k
Owner & transaction history
Rdh Commercial Properties LLC · 3 yrs held
Rdh Commercial Properties LLC
since 2022
6 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 Schererville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schererville 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$38 / 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
$16,520
Tax year 2022
Assessed value
$1,091,300
Assessed 2023
Previous assessed
$895,800
+21.8% YoY
Effective rate
1.51%
On assessed value
Assessed land
$347,100
Assessed improvement
$744,200
Land market value
$347,100
Improvement market value
$744,200
Total market value
$1,091,300
Applied tax rate
36.0000
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
1974
Construction
WOOD
Heating
NONE
Stories
2
Total area
13,860 SF
Lot
1.16 ac (50,399 SF)
APN
45-11-14-352-040.000-036
UPID
US31-0746618
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
1974
Construction
WOOD
Heating
NONE
Stories
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Rdh Commercial Properties LLC
Entity
Mailing address
6901 W 108TH AVE, CROWN POINT, IN 46307-8888
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
—
Rdh Commercial Properties LLC
Hooge Properties LLC
Land Contract
—
Nov 8, 2018
—
Rdh Commercial Properties LLC
—
Deed
related
$194,010 · Providence Bk&tr
Sep 22, 2008
—
Rdh Commercial Properties LLC
Hoogewerf,roger
Quit Claim Deed
related
—
—
—
Rdh Commercial Properties LLC
—
Loan Modification
related
$194,010 · Providence Bk&tr
—
—
Rdh Commercial Properties LLC
—
Loan Modification
related
$333,000 · Providence Bank
—
—
Rdh Commercial Props LLC
—
Deed Of Trust
related
$565,000 · Providence 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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