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    Property profile & analytics

    3229 Broadway Gary, IN 46409

    • Medical offices
    • 39,085 SF
    • 7.43 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    $730,000
    Location Intelligence
    Property ID
    US31-0828930
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Marram Health Center / Pediatric Clinic / Medical Clinic
    • Stephens Derek M DDS / Dentist
    • Renaissance Dental Enhancement / Dental Insurance Agency
    • Genoa Healthcare / Pharmacy
    • Vyas Daksha MD / Pediatric Neurologist

    Property Details for 3229 Broadway

    Year built
    1989
    Construction
    WOOD
    Lot size
    7.43 lot acres
    Property size
    39,085 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    45-08-22-158-006.000-004
    APU
    450822158006000004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $740,000

    • CAP approach

      CAP return
      Estimation
      6%
      $750,000
      6.5%
      $795,000
      7%
      $840,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $765,000
      Geo Method
      $825,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $890,000
      Retail
      $735,000
      Mixed-Use
      $880,000
      Hospitality
      $965,000
      Educational
      $695,000
      Residential Income
      $740,000
      Energy
      $730,000
      Income-Based Land
      $910,000
      Food Service
      $810,000

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3353
    Latitude
    41.5594
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $25,978
    $420,600
    $308,700
    $729,300
    -
    $420,600
    $308,700
    $729,300

    Comparable in this City

    • Value Estimation
      $570,000
      8,364 SF

      1500 35th Ct, Unit 2

      MEDICAL BUILDING • 8,364 SF
      1500 35th Ct, Gary, IN 46409-1210
      View Details
    • Value Estimation
      $270,000
      1,388 SF

      3549 Broadway

      MEDICAL BUILDING • 1,388 SF
      3549 Broadway, Gary, IN 46409-1316
      View Details
    • Value Estimation
      $360,000
      4,750 SF

      3525 Broadway, Unit 35

      MEDICAL BUILDING • 4,750 SF
      3525 Broadway, Gary, IN 46409-1316
      View Details
    • Value Estimation by Request
      39,318 SF

      1301 43rd Ave

      OFFICE (GENERAL) • 39,318 SF
      1301 43rd Ave, Gary, IN 46409-2303
      View Details
    • Value Estimation
      $300,000
      8,800 SF

      701 49th Ave, Unit 15

      OFFICE (GENERAL) • 8,800 SF
      701 49th Ave, Gary, IN 46409-2811
      View Details
    • Value Estimation
      $475,000
      32,613 SF

      134 43rd Ave

      OFFICE (GENERAL) • 32,613 SF
      134 43rd Ave, Gary, IN 46409-2103
      View Details

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    • Contact for pricing
      0.14 Acres

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      Vacant lot near I-94, I-65, and Toll Road.
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    • $60,000
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    3229 Broadway
    Gary, IN 46409
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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