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Property profile & analytics
OFF-MARKET
Strip malls
4739 Indianapolis Blvd East Chicago, IN 46312-3327
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-2428489
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
WOOD
Total area
6,720 SF
Lot
0.16 ac (6,804 SF)
APN
45-03-29-451-037.000-024
UPID
US31-2428489
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
-
Rent-A-Center Furniture & Home Goods Home Decor Store
-
Little Caesars Pizza Restaurant
-
H&R Block Tax Preparation
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
Kap Properties LLC · 3 yrs held
Kap Properties LLC
since 2023
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 East Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Chicago 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
$14,586
Tax year 2022
Assessed value
$489,900
Assessed 2023
Previous assessed
$486,200
+0.8% YoY
Effective rate
2.98%
On assessed value
Assessed land
$23,400
Assessed improvement
$466,500
Land market value
$23,400
Improvement market value
$466,500
Total market value
$489,900
Applied tax rate
24.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
6,720 SF
Lot
0.16 ac (6,804 SF)
APN
45-03-29-451-037.000-024
UPID
US31-2428489
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
2007
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Kap Properties LLC
Entity
Mailing address
3408 ENTERPRISE AVE, VALPARAISO, IN 46383-6953
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
—
Kap Properties LLC
Sjp Properties LLC
Quit Claim Deed
related
$1,150,000 · Teachers Cu
Mar 25, 2021
—
Kap Properties LLC
Sjp Properties LLC
Quit Claim Deed
related
$121,500 · Quicken Loans LLC
Oct 18, 2018
—
Sjp Properties LLC
—
Deed
related
$1,240,000 · Cibc Bk USA
Feb 13, 2018
—
Indiana Grocery Group LLC
—
Grant Deed
related
$40,000,000 · Missouri Elec Co-op Emp Cu
Jan 5, 2015
—
Sjp Properteis LLC
Riley Plaza Shopping Center LLC
Warranty Deed
$670,000 · Wells Fargo Bank NA
—
—
Riley Plaza Shopping Ctr LLC
—
Deed Of Trust
related
$1,663,841 · Bank Of America
—
—
Sjp Properties LLC
—
Deed Of Trust
related
$1,240,000 · Cibc Bk USA
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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