Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Auto shops
3401 15th Ave Gary, IN 46403-3680
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US31-0701999
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2014
Construction
TYPE NOT SPECIFIED
Total area
8,777 SF
Lot
2.63 ac (114,563 SF)
Zoning code
R3
APN
45-08-12-300-005.000-004
UPID
US31-0701999
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
-
Quality Carriers Inc. # 181 Freight Service Logistics Company
-
Team Vac Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
3401 Gary LLC · 8 yrs held
3401 Gary LLC
since 2017
3 recorded transactions
Zoning & alternative use
R3 · Gary, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The regulations governing front yards in an R3 district, as set forth in section 123-157 shall apply. (i) On every zoning lot, side yards shall be provided as follows: (1) The regulations governing side yards for single-family detached dwelling shall be one story in height in a R1 and R1A district, as set forth in
Zone name
Residential Single Family Dwelling
General category
RESIDENTIAL
Zone area
1,434.53 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$825,000
+7.5%
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
AUTO REPAIR, GARAGE
$770,000
Current use
RESTAURANT
$825,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$760,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$89 / 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
$31,399
Tax year 2022
Assessed value
$853,700
Assessed 2023
Previous assessed
$881,500
-3.2% YoY
Effective rate
3.68%
On assessed value
Assessed land
$157,800
Assessed improvement
$695,900
Land market value
$157,800
Improvement market value
$695,900
Total market value
$853,700
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2014
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Total area
8,777 SF
Lot
2.63 ac (114,563 SF)
Zoning code
R3
APN
45-08-12-300-005.000-004
UPID
US31-0701999
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R3 · Gary, INZoning R3 · permitted uses
R3 · Gary, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The regulations governing front yards in an R3 district, as set forth in section 123-157 shall apply. (i) On every zoning lot, side yards shall be provided as follows: (1) The regulations governing side yards for single-family detached dwelling shall be one story in height in a R1 and R1A district, as set forth in
Zone name
Residential Single Family Dwelling
General category
RESIDENTIAL
Zone area
1,434.53 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$770,000
RESTAURANT
Est. value
$825,000
RETAIL STORES
Est. value
$760,000
AUTO REPAIR, GARAGE Current
RESTAURANT
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
2014
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Lot
2.63 ac
Current owner
From public records · entity-resolved
3401 Gary LLC
Entity
Mailing address
4900 NORTHCOTT AVE, DOWNERS GROVE, IL 60515-3433
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2017
—
3401 Gary LLC
Cm Holdings LLC
Special Warranty Deed
$828,750 · Tbk Bank Ssb
Apr 2, 2015
—
Cm Holdings LLC
Hydro Exc INC
Warranty Deed
$312,000 · Regional Development Co
Aug 28, 2012
$29,573
Joe Krnich
Auditor Of Lake County
Tax Deed
related
—
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?”
You own 3401 15th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
