Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3425 181st Ave Lowell, IN 46356

    • Hotels
    • 32,812 SF
    • 8.32 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0024544
    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

    • Hotels

    Property Details for 3425 181st Ave

    Year built
    1997
    Construction
    WOOD
    Lot size
    8.32 lot acres
    Property size
    32,812 SF
    Zone code
    R33
    Property type
    Hotels
    Property subtype
    Motels
    APN
    45-20-25-101-003.000-012
    APU
    452025101003000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $351,000
      Market price range: $352k - $1.13M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $645,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Lake
    State
    Indiana
    Longitude
    -87.292
    Latitude
    41.2881
    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
    $17,912
    $415,900
    $687,300
    $1,103,200
    -
    $415,900
    $687,300
    $1,103,200

    Comparable in this City

    • Value Estimation by Request
      2,858 SF

      510 Creekside Dr

      HOTEL/MOTEL • 2,858 SF
      510 Creekside Dr, Lowell, IN 46356-2186
      View Details
    • Value Estimation by Request
      0.02 Acres

      109 Commercial Ave

      VACANT COMMERCIAL LAND • 0.02 Acres
      109 Commercial Ave, Lowell, IN 46356-2211
      View Details
    • Value Estimation by Request
      0.03 Acres

      161 Commercial Ave

      PARKING LOT • 0.03 Acres
      161 Commercial Ave, Lowell, IN 46356-2251
      View Details
    • Value Estimation by Request
      0.11 Acres

      111 Halstead St

      COMMERCIAL (GENERAL) • 0.11 Acres
      111 Halstead St, Lowell, IN 46356-1728
      View Details
    • Value Estimation by Request
      0.07 Acres

      119 Ml St

      COMMERCIAL (GENERAL) • 0.07 Acres
      119 Ml St, Lowell, IN 46356-1713
      View Details
    • Value Estimation by Request
      0.20 Acres

      119 Oak St

      PARKING LOT • 0.20 Acres
      119 Oak St, Lowell, IN 46356
      View Details

    Similar Nearby for Sale

    • $519,900
      35.00 Acres

      Wooded Land Parcel in Lowell

      35-acre wooded parcel suitable for subdivision or dream home.
      16830 Mount St, Lowell, IN 46356
      View Details
    • $432,500
      Pending

      29 Acres in Lowell, Indiana

      29 acre property with rolling terrain, pond, partially wooded.
      15773 Hendricks St, Lowell, IN 46356
      View Details
    • $123,950
      1.04 Acres

      Residential Land in Gated Community

      Partially wooded lot in a gated community near Lowell.
      16617 Noble St, Lowell, IN 46356
      View Details
    • $550,000
      30.00 Acres

      30 Acres of Prime Land

      30 acres of land suitable for farming or building.
      E 163Rd Ave, Lowell, IN 46356
      View Details
    • $129,000
      0.95 Acres

      Wooded Homesite in Gated Subdivision

      Expansive homesite in Graythorne Subdivision, convenient to I-65.
      16611-lot Noble St, Lowell, IN 46356
      View Details
    • $125,000
      0.82 Acres

      Wooded Homesite in Gated Subdivision

      Wooded 0.82 acre homesite in Lowell, Indiana.
      3818-lot 167 Ave, Lowell, IN 46356
      View Details

    Similar Nearby for Lease

    • $126 SF/Yr
      3,456 SF

      Downtown Lowell Retail Space

      Newly renovated, prime location, 3,456 sq ft.
      307 Commercial Ave, Lowell, IN 46356
      View Details
    • Contact for pricing

      Retail Space in Lowell Plaza

      Retail shopping center with excellent visibility on East Commercial Ave.
      E Commercial Ave, Lowell, IN 46356
      View Details
    • Contact for pricing
      5,732 SF

      Retail Space in Lowell Plaza

      Retail space available in a prime Lowell shopping center.
      2052 E Commercial Ave, Lowell, IN 46356
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3425 181st Ave
    Lowell, IN 46356
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.