Back to Search
Property profile & analytics
FOR LEASE
Outlet malls
430 West Ridge Rd Griffith, IN 46319
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-0751819
For Lease
1 / 4
Contact for pricing
430 West Ridge Rd, Griffith, IN 46319
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1979
Construction
WOOD
Total area
118,385 SF
Lot
10.97 ac (477,940 SF)
APN
45-07-23-351-008.000-006
UPID
US31-0751819
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
-
Sears Appliance Repair Home Appliance Store
-
Olan Mills Photography Service (Bike/Boat/Book/etc) Store
-
Payless ShoeSource Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.29M
Blend (final)
Blend
$3.32M
Owner & transaction history
Eym Realty Griffith Plaza LLC · 5 yrs held
Eym Realty Griffith Plaza LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Griffith submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Griffith 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
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±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
$28 / 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
$114,433
Tax year 2022
Assessed value
$3,387,100
Assessed 2023
Previous assessed
$3,335,800
+1.5% YoY
Effective rate
3.38%
On assessed value
Assessed land
$1,145,900
Assessed improvement
$2,241,200
Land market value
$1,145,900
Improvement market value
$2,241,200
Total market value
$3,387,100
Applied tax rate
6.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1979
Construction
WOOD
Heating
NONE
Stories
1
Total area
118,385 SF
Lot
10.97 ac (477,940 SF)
APN
45-07-23-351-008.000-006
UPID
US31-0751819
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Stories
1
Lot
10.97 ac
Current owner
From public records · entity-resolved
Eym Realty Griffith Plaza LLC
Entity
Mailing address
450 E JOHN CARPENTER FWY STE #100, IRVING, TX 75062-3907
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
—
Eym Realty Griffith Plaza LLC
Griffith Center LLC
Special Warranty Deed
$3,819,000 · Citizens National Bank Of Texas
Mar 5, 2021
—
Eym Realty Griffith Plaza LLC
Nassimi Realty LLC
Deed
$4,000,000 · Citizens National Bank Of Texas
Jan 20, 2021
—
Eym Realty Griffith Plaza LLC
Nassimi Realty LLC
Deed
related
—
Mar 6, 2020
—
Griffith Center LLC
El Centro Mall Ltd
Warranty Deed
—
Aug 7, 2018
—
Hz Props Re Ltd
—
Grant Deed
related
$192,000,000 · Cadence Bk NA
Mar 8, 2016
—
El Centro Mall Ltd
Garrison Central Griffith LLC
Grant Deed
related
—
Feb 4, 2013
—
Garrison Central Griffith LLC
—
Deed Of Trust
related
$35,656,500 · Cit Finance LLC
Nov 9, 2012
$1,600,000
Garrison Central Griffith LLC
Krcv Corp
Grant Deed
—
—
—
Garrison Central Griffith LLC
—
Deed Of Trust
related
$44,700,000 · Cit Fin
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?”
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.
