Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    4000 82nd Ct Merrillville, IN 46410-6473

    • Showrooms
    • 11,840 SF
    • 1.17 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Location Intelligence
    Property ID
    US31-3551562
    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

    • Rhodes Race Cars / Racing Car Parts Store
    • Rhodes Fabrication / Metal Fabricator

    Property Details for 4000 82nd Ct

    Year built
    2019
    Construction
    WOOD
    Lot size
    1.17 lot acres
    Property size
    11,840 SF
    Zone code
    R33
    Property type
    Showrooms
    APN
    45-12-19-328-009.000-030
    APU
    451219328009000030

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $460,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $440,000
      Mixed-Use
      $520,000
      Hospitality
      $410,000
      Educational
      $500,000
      Residential Income
      $505,000
      Energy
      $420,000
      Income-Based Land
      $470,000
      Food Service
      $480,000

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3859
    Latitude
    41.4688
    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
    $14,107
    $123,900
    $566,800
    $690,700
    -
    $123,900
    $566,800
    $690,700

    Comparable in this City

    • Value Estimation
      $1,845,000
      21,096 SF

      2168 88th Dr

      SHOW ROOM, WAREHOUSE • 21,096 SF
      2168 88th Dr, Merrillville, IN 46410-5268
      View Details
    • Value Estimation
      $960,000
      10,432 SF

      8220 Whitcomb St

      SHOW ROOM, WAREHOUSE • 10,432 SF
      8220 Whitcomb St, Merrillville, IN 46410-6041
      View Details
    • Value Estimation
      $395,000
      7,968 SF

      4088 82nd Ct

      SHOW ROOM, WAREHOUSE • 7,968 SF
      4088 82nd Ct, Merrillville, IN 46410-6473
      View Details
    • Value Estimation
      $500,000
      16,032 SF

      3903 83rd Pl

      SHOW ROOM, WAREHOUSE • 16,032 SF
      3903 83rd Pl, Merrillville, IN 46410-6062
      View Details
    • Value Estimation
      $370,000
      8,400 SF

      2880 84th Pl

      SHOW ROOM, WAREHOUSE • 8,400 SF
      2880 84th Pl, Merrillville, IN 46410-6428
      View Details
    • Value Estimation
      $390,000
      7,296 SF

      5490 Lincoln Hwy

      SHOW ROOM, WAREHOUSE • 7,296 SF
      5490 Lincoln Hwy, Merrillville, IN 46410-5921
      View Details

    Similar Nearby for Sale

    • $975,000
      5,088 SF

      Freestanding Building at Prime Intersection

      5,088 SF retail/office building near major retailers and highways.
      8280 Mississippi St, Merrillville, IN 46410
      View Details
    • $895,000

      8280 Mississippi Street,

      Restaurants
      8280 Mississippi St, Merrillville, IN 46410
      View Details
    • $590,000
      5,581 SF

      High-Traffic U.S. 30 Frontage Flex

      Flex space on U.S. 30 with redevelopment potential.
      2215 W Lincoln Hwy, Merrillville, IN 46410
      View Details
    • $395,000
      20.00 Acres

      Merrillville Commercial Land - 20 Acres

      Prime 20-acre commercial lot, ideal for development.
      8575-8595 Grand Blvd, Merrillville, IN 46410
      View Details
    • $400,000
      2.00 Acres

      Merrillville C-3 Zoned Land

      2 Acres, Prime Commercial Location
      8460 Mississippi St, Merrillville, IN 46410
      View Details
    • $4,300,000
      13.24 Acres

      Georgia St Commercial Land - Merrillville, IN

      13.24 Acres, I-65 Frontage, C-3 Zoning
      9205 Georgia St, Merrillville, IN 46410
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,200 SF

      Merrillville Retail Space Available

      Retail space available for lease in Merrillville, Indiana.
      7880 Broadway, Merrillville, IN 46410
      View Details
    • Contact for pricing
      85,620 SF

      Crossings at Hobart Retail Center

      Merrillville, IN: Prime Retail Space Available
      1825-1837 80Th Ave, Merrillville, IN 46410
      View Details
    • Contact for pricing
      7,704 SF

      Retail Center in Merrillville, IN

      New retail center in the heart of Merrillville trade area.
      1431 E 79Th Ave, Merrillville, IN 46410
      View Details
    • $12 SF/Yr
      6,000 SF

      Versatile Flex Space on Highway 30

      6,000 SF office/warehouse suitable for retail or conversion.
      1140 W 81St Ave, Merrillville, IN 46410
      View Details
    • $18 SF/Yr
      1,408 SF

      Retail Space on US Hwy 30

      Retail space for lease with high visibility and ample parking.
      8101 Polo Club Dr, Merrillville, IN 46410
      View Details
    • Contact for pricing
      7,704 SF

      New Retail Center in Merrillville

      New retail center in the heart of Merrillville, Indiana.
      1500 E 79Th Ave, Merrillville, IN 46410
      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.
    4000 82nd Ct
    Merrillville, IN 46410-6473
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.