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Property profile & analytics
FOR SALE
Office buildings
275 Joliet St, Dyer, IN 46311
Individually Owned
1-yr Hold
Free & Clear
Property ID
US31-0032610
For Sale
1 / 14
$1,100,000
275 Joliet St, Dyer, IN 46311
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2004
Construction
TYPE NOT SPECIFIED
Total area
41,082 SF
Lot
2.29 ac (99,752 SF)
Zoning code
R33
APN
45-10-12-454-034.000-034
UPID
US31-0032610
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
-
Linda V Spencer Physician Medical Clinic
-
Den Asian Bistro Restaurant
-
Jennifer Dudak Physician
-
Nick Blickenstaff, MD Physician Medical Clinic
-
Michael Gideon Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$590k
Owner & transaction history
S Alpha Prime Wireless Communicatio · 1 yrs held
S Alpha Prime Wireless Communicatio
since 2025
7 recorded transactions
Zoning & alternative use
R33 · Dyer, IN
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 Dyer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dyer 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
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$495,000
Current use
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$14 / 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
$19,455
Tax year 2022
Assessed value
$854,400
Assessed 2023
Previous assessed
$854,400
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$181,400
Assessed improvement
$673,000
Land market value
$181,400
Improvement market value
$673,000
Total market value
$854,400
Applied tax rate
34.0000
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 buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
2004
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
41,082 SF
Lot
2.29 ac (99,752 SF)
Zoning code
R33
APN
45-10-12-454-034.000-034
UPID
US31-0032610
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Dyer, IN
Zoning R33 · permitted uses
R33 · Dyer, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dyer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$495,000
OFFICE BUILDING Current
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
2004
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
2.29 ac
Current owner
From public records · entity-resolved
S Alpha Prime Wireless Communicatio
Individual
Free & Clear · 1 yrs held
Mailing address
275 JOLIET ST STE #330, DYER, IN 46311-1778
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
—
S Alpha Prime Wireless Communicatio
Alpha Team LLC
Deed
—
Feb 13, 2025
—
Alpha Team LLC
—
Deed
related
$166,000 · Regional Development Company
Jan 13, 2025
—
Korbe Investments Root LLC
Lawrence C Ellis
Special Warranty Deed
—
Sep 18, 2024
—
Alpha Team LLC
Kns LLP
Warranty Deed
$200,000 · Peoples Bank
Feb 27, 2020
—
Galleria Realty Corp
Hristo Trajkovski
Warranty Deed
—
Jul 12, 2019
—
Kns LLP
Kn LLC
Quitclaim Deed
related
—
May 3, 2019
—
Lauren Lindsey LLC
—
Deed
related
—
Oct 15, 2018
—
Lauren Lindsey LLC
Ericsson Dyer LLC
Warranty Deed
$380,000 · Peoples Bank Sb
Jun 21, 2018
—
Loris A Tisocco
—
Deed
related
$552,532 · Providence Bk&tr
May 1, 2018
—
Loris A Tisocco
—
Deed
related
$235,198 · Providence Bk&tr
Jan 22, 2018
—
Trn LLC
—
Deed
related
$551,914 · Old Plank Trl Cmnty Bk NA
—
—
Trn LLC
—
Deed Of Trust
related
$694,248 · First National Bank Illinois
—
—
Trn LLC
—
Loan Modification
related
$551,914 · Old Plank Trl Cmnty Bk NA
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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