Realmo Analytics

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Property profile

255 e 90Th Dr Merrillville, IN 46410

FOR LEASE
Medical Office Space
Property ID
US31-0491634
13,032 SF 1.91 ac lot Built 2001
Last sale Sep 2005
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$47k
Tax billed · 2022
Assessed value · 2023$1.51M
Assessed land$232k
Assessed improvement$1.28M
Effective rate3.10%

Value estimate

· Oct 2026
$580k
$522k – $638k
AI approach$495k
Submarket $/SF estimate$668k
NOI build-up
Gross scheduled income$86k
Vacancy & credit loss−$19k
Operating expenses−$17k
NOI · 317,112.50% cap applied$51k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
317,112.50%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R33
JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.3
Plumbing Service9.3
Bakery9.0

Location

255 e 90Th Dr Merrillville, IN 46410
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
250 61st, Merrillville, IN 46410-2512 $199,000 Jan 2023 2,297 SF
9223 Taft, Merrillville, IN 46410-6911 $2,037,309 Oct 2019 6,660 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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