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    Property profile & analytics

    5005 Broadway, Unit 7 Gary, IN 46409-2707

    • Auto shops
    • 726 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 25, 2021
    $25,000
    Location Intelligence
    Property ID
    US31-0698365
    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

    • Auto shops

    Property Details for 5005 Broadway

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    726 SF
    Property type
    Auto shops
    APN
    45-08-34-304-002.000-004
    APU
    450834304002000004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3357
    Latitude
    41.5275
    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
    $3,298
    $10,600
    $22,700
    $33,300
    -
    $10,600
    $22,700
    $33,300

    Comparable in this City

    • Value Estimation
      $335,000
      4,850 SF

      1418 Rdg Rd

      AUTO REPAIR, GARAGE • 4,850 SF
      1418 Rdg Rd, Gary, IN 46409-1464
      View Details
    • Value Estimation by Request
      1,344 SF

      4077 Georgia St

      AUTO REPAIR, GARAGE • 1,344 SF
      4077 Georgia St, Gary, IN 46409
      View Details
    • Value Estimation by Request
      1,350 SF

      728 43rd Ave

      AUTO REPAIR, GARAGE • 1,350 SF
      728 43rd Ave, Gary, IN 46409-2221
      View Details
    • Value Estimation
      $305,000
      5,240 SF

      5069 Broadway, Unit 85

      AUTO REPAIR, GARAGE • 5,240 SF
      5069 Broadway, Gary, IN 46409-2707
      View Details
    • Value Estimation
      $250,000
      2,106 SF

      5101 Broadway, Unit 9

      AUTO REPAIR, GARAGE • 2,106 SF
      5101 Broadway, Gary, IN 46409-2708
      View Details
    • Value Estimation
      $305,000
      1,320 SF

      3901 Georgia St

      AUTO REPAIR, GARAGE • 1,320 SF
      3901 Georgia St, Gary, IN 46409-1804
      View Details

    Similar Nearby for Sale

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      High-traffic location, owner financing possible.
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      Vacant Lot on Broadway

      Vacant lot in Gary, Indiana with high visibility.
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    • $45,000
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      High-visibility corner lot near Indiana University Northwest, ideal for development.
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    • $60,000
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      Gary Mixed-Use Investment Opportunity

      Two Buildings, Endless Potential, $60,000
      4105 Broadway, Gary, IN 46409
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    • Contact for pricing
      0.14 Acres

      Vacant Land Ready to Build

      Vacant lot near I-94, I-65, and Toll Road.
      5012 Georgia St, Gary, IN 46409
      View Details
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    5005 Broadway, Unit 7
    Gary, IN 46409-2707
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    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
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