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Property profile & analytics
FOR SALE
Office Spaces
250 North Main St Crown Point, IN 46307
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-3374595
For Sale
1 / 53
$2,399,000
250 North Main St, Crown Point, IN 46307
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1969
Construction
WOOD
Total area
12,606 SF
Lot
0.13 ac (5,663 SF)
APN
45-16-05-460-004.000-042
UPID
US31-3374595
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
-
The Dollhouse NWI Nail Salon
-
Plump You Up, Aesthetic Clinic Spa & Massage Center Alternative Medicine Practice
-
Ooh Nice Nails Nail Salon
-
Skin by Jo Beauty and sugaring studio Spa & Massage Center
-
Gisele Ploog Counselor Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.00M
Owner & transaction history
R & M Property Group LLC · 3 yrs held
R & M Property Group LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+63.4%
Retail stores
$955,000
+19.2%
Warehouse, storage
$940,000
+17.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$805,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,310,000
Change: +63% · Conversion: Moderate
RETAIL STORES
$955,000
Change: +19% · Conversion: Easy
WAREHOUSE, STORAGE
$940,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$79 / 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
$15,020
Tax year 2022
Assessed value
$1,010,400
Assessed 2023
Previous assessed
$628,400
+60.8% YoY
Effective rate
1.49%
On assessed value
Assessed land
$82,300
Assessed improvement
$928,100
Land market value
$82,300
Improvement market value
$928,100
Total market value
$1,010,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1969
Construction
WOOD
Heating
NONE
Stories
3
Units
4
Total area
12,606 SF
Lot
0.13 ac (5,663 SF)
APN
45-16-05-460-004.000-042
UPID
US31-3374595
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
COMMERCIAL (GENERAL) Current
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RETAIL STORES
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$940,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
1969
Construction
WOOD
Heating
NONE
Stories
3
Units
4
Lot
0.13 ac
Current owner
From public records · entity-resolved
R & M Property Group LLC
Entity
Mailing address
9233 W 91ST PL, SAINT JOHN, IN 46373-8025
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
—
R & M Property Group LLC
Kimberly Mayden
Re-recorded Document
related
$550,000 · First Merchants Bank
Jul 7, 2022
—
R & M Property Group LLC
Kimberly Mayden
Deed
$550,000 · First Merchants Bank
Dec 21, 2017
—
Mayden,land Trust 2
—
Deed
related
$341,200 · Peoples Bk
Sep 12, 2016
—
Mayden Living Trust
Mayden,j Robert & Carole L
Quit Claim Deed
related
—
Jul 1, 2008
—
Trust Ltjrmclm-101
—
Trustees Deed
related
$341,200 · Peoples Bank
—
—
Mayden Land Trust 2
—
Deed Of Trust
related
—
—
—
Mayden,land Trust 2
—
Loan Modification
related
$341,200 · Peoples 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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