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Property profile & analytics
FOR LEASE
Retail space
435 Ridge Rd Munster, IN 46321
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US31-0714894
For Lease
1 / 31
$1,038/Mo
435 Ridge Rd, Munster, IN 46321
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Construction
WOOD
Total area
11,900 SF
Lot
0.91 ac (39,422 SF)
APN
45-06-24-204-004.000-027
UPID
US31-0714894
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
-
Shimmery Gallery Art Gallery
-
Bombers BBQ Take-out & Catering Catering Service
-
Mark O’s Bar & Grill Munster Bar & Pub Restaurant
-
Salon On Ridge Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
South Shore Plaza LLC · 9 yrs held
South Shore Plaza LLC
since 2017
4 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 Munster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Munster 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,275
Tax year 2022
Assessed value
$572,200
Assessed 2023
Previous assessed
$568,200
+0.7% YoY
Effective rate
2.67%
On assessed value
Assessed land
$349,600
Assessed improvement
$222,600
Land market value
$349,600
Improvement market value
$222,600
Total market value
$572,200
Applied tax rate
27.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1973
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Total area
11,900 SF
Lot
0.91 ac (39,422 SF)
APN
45-06-24-204-004.000-027
UPID
US31-0714894
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
1973
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Lot
0.91 ac
Current owner
From public records · entity-resolved
South Shore Plaza LLC
Entity
Mailing address
8750 HARRISON AVE RD UNIT #114, MUNSTER, IN 46321
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2017
—
South Shore Plaza LLC
Trust 2013-5
Grant Deed
related
$910,000 · First St Bk/porter
Aug 7, 2013
—
Trust 2013-5
Pima Harrison Ridge In LLC
Grant Deed
$9,375,000 · International Bk/chicago
Oct 4, 2004
—
Pima Harrison Ridge India Ll
Wells Fargo Bank NA
Grant Deed
$1,175,000 · Midwest Bank & Trust Co
—
—
Pima Harrison Ridge In LLC
—
Deed Of Trust
related
$1,052,540 · Midwest Bank & Trust Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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