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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Warehouses
384 111th Ct, Crown Point, IN 46307-7592
Individually Owned
2-yr Hold
Free & Clear
Property ID
US31-0031565
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
WOOD
Total area
6,820 SF
Lot
1.5 ac (65,384 SF)
Zoning code
R33
APN
45-16-10-101-005.000-042
UPID
US31-0031565
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
-
Creekside Outdoor Living Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$344k
Blend (final)
Blend
$550k
Owner & transaction history
384 E 111th Court Crown Point Land · 2 yrs held
384 E 111th Court Crown Point Land
since 2024
5 recorded transactions
Zoning & alternative use
R33 · Crown Point, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$710,000
+39.6%
Retail stores
$520,000
+1.8%
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 Crown Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crown Point 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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$510,000
Current use
APARTMENT HOUSE (5+ UNITS)
$710,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$435,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$81 / 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
$10,188
Tax year 2022
Assessed value
$715,800
Assessed 2023
Previous assessed
$715,800
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$187,700
Assessed improvement
$528,100
Land market value
$187,700
Improvement market value
$528,100
Total market value
$715,800
Applied tax rate
42.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Stories
2
Total area
6,820 SF
Lot
1.5 ac (65,384 SF)
Zoning code
R33
APN
45-16-10-101-005.000-042
UPID
US31-0031565
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Crown Point, IN
Zoning R33 · permitted uses
R33 · Crown Point, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crown Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$510,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$710,000
RETAIL STORES
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$435,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
2017
Construction
WOOD
Heating
NONE
Stories
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
384 E 111th Court Crown Point Land
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 553, SCHERERVILLE, IN 46375-0553
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
—
384 E 111th Court Crown Point Land
Creekside Equities LLC
Quit Claim Deed
related
—
Jun 19, 2020
—
Renee Arnold
—
Deed
related
$469,000 · Haven Management LLC
Nov 2, 2016
—
Creekside Equities LLC
—
Deed
related
—
—
—
Creekside Equities LLC
—
Loan Modification
related
—
—
—
Renee Arnold
—
Deed Of Trust
related
$469,000 · Haven Management LLC
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.
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