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Property profile & analytics
OFF-MARKET
Office buildings
2834 45th Stb Highland, IN 46322-2905
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-1043356
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
BRICK
Total area
19,584 SF
Lot
2.15 ac (93,654 SF)
Zoning code
R3
APN
45-07-33-202-012.000-026
UPID
US31-1043356
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aum Shanti LLC · 3 yrs held
Aum Shanti LLC
since 2023
4 recorded transactions
Zoning & alternative use
R3 · Highland, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to establish a district in which multiple family residential and a PUD use may take place, and to identify other compatible allowable uses, as well as use variances which may be allowed under certain circumstances and with limitations as identified hereinafter.
Zone name
Single Two And Multiple Family Residence
General category
RESIDENTIAL
Zone area
62.26 ac
Source
Realmo
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 Highland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,746
Tax year 2022
Assessed value
$250,000
Assessed 2023
Previous assessed
$280,200
-10.8% YoY
Effective rate
2.30%
On assessed value
Assessed land
$43,600
Assessed improvement
$206,400
Land market value
$43,600
Improvement market value
$206,400
Total market value
$250,000
Applied tax rate
26.0000
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
Status
Off-Market
Year built
1993
Construction
BRICK
Heating
NONE
Stories
1
Total area
19,584 SF
Lot
2.15 ac (93,654 SF)
Zoning code
R3
APN
45-07-33-202-012.000-026
UPID
US31-1043356
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R3 · Highland, INZoning R3 · permitted uses
R3 · Highland, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to establish a district in which multiple family residential and a PUD use may take place, and to identify other compatible allowable uses, as well as use variances which may be allowed under certain circumstances and with limitations as identified hereinafter.
Zone name
Single Two And Multiple Family Residence
General category
RESIDENTIAL
Zone area
62.26 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1993
Construction
BRICK
Heating
NONE
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Aum Shanti LLC
Entity
Mailing address
1332 PRESTWICK DR, SCHERERVILLE, IN 46375-2938
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
—
Aum Shanti LLC
Jean Jimenez Charo
Quit Claim Deed
related
—
Dec 14, 2022
—
Jean Jimenez
Smart Medical Buildings LLC
Warranty Deed
$204,000 · Peoples Bank
Jan 10, 2014
—
Smart Medical Buildings LLC
Skozen Properties LLC
Warranty Deed
—
Aug 20, 2009
—
Skozen Properties LLC
Skozen & Tweedle Props LLC
Quit Claim Deed
$200,000 · Skozen Joseph L Family 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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