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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Grocery and convenience stores
2701 5th Ave 27 Gary, IN 46404-1243
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-0881948
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2008
Construction
WOOD
Total area
2,580 SF
Lot
0.71 ac (30,710 SF)
APN
45-08-05-331-001.000-004
UPID
US31-0881948
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
$490k
Blend (final)
Blend
$515k
Owner & transaction history
Daljinder & Associates LLC · 3 yrs held
Daljinder & Associates LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$315,000
+335.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$315,000
Change: +335% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$200 / 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
$12,374
Tax year 2022
Assessed value
$1,019,400
Assessed 2023
Previous assessed
$347,400
+193.4% YoY
Effective rate
1.21%
On assessed value
Assessed land
$641,200
Assessed improvement
$378,200
Land market value
$641,200
Improvement market value
$378,200
Total market value
$1,019,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,580 SF
Lot
0.71 ac (30,710 SF)
APN
45-08-05-331-001.000-004
UPID
US31-0881948
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
RETAIL STORES
Est. value
$315,000
RETAIL STORES
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
2008
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Daljinder & Associates LLC
Entity
Mailing address
2725 W 5TH AVE, GARY, IN 46404-1243
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
—
Daljinder & Associates LLC
2705 Gary Station LLC
Warranty Deed
$1,235,000 · J&h Oil Company
Jun 17, 2021
—
2705 Gary Station LLC
2705 Gary Station LLC
Re-recorded Document
related
$1,032,000 · Bank Of George
Feb 26, 2021
—
2705 Gary Station LLC
2705 Gary Station LLC
Intrafamily Transfer
related
$1,032,000 · Bank Of George
Sep 20, 2018
—
2705 Gary Station LLC
Ibrahim,mubarak
Warranty Deed
—
Apr 22, 2010
—
Mubarak H Ibrahim
—
Trustees Deed
related
$1,169,182 · Standard Bank & Trust
Sep 21, 2007
—
Mubarak H Ibrahim
—
Trustees Deed
related
$582,300 · Standard Bank & Trust
Oct 20, 2005
—
Mubarak Ibrahim
—
Trustees Deed
related
$397,030 · Standard Bank & Trust
Apr 6, 2005
—
Mubarak Ibrahim
Trust 5322
Grant Deed
—
—
—
Mubarak H Ibrahim
—
Deed Of Trust
related
$587,987 · Standard Bank & Trust
—
—
Mubarak Ibrahim
—
Deed Of Trust
related
$9,284,563 · Standard Bank & Trust
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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