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

    5101 Broadway, Unit 9 Gary, IN 46409-2708

    • Auto shops
    • 2,106 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US31-0583428
    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

    • Gas Monkey Auto Repair / Muffler Shop / Auto Repair Shop
    • D J's Auto Services / Auto Repair Shop

    Property Details for 5101 Broadway

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    2,106 SF
    Property type
    Auto shops
    APN
    45-08-34-351-001.000-004
    APU
    450834351001000004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $230,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $195,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $195,000
      Mixed-Use
      $210,000
      Hospitality
      $180,000
      Educational
      $220,000
      Residential Income
      $235,000
      Energy
      $175,000
      Income-Based Land
      $210,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3357
    Latitude
    41.5257
    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
    $2,262
    $24,300
    $37,700
    $62,000
    -
    $24,300
    $37,700
    $62,000

    Comparable in this City

    • Value Estimation by Request
      726 SF

      5005 Broadway, Unit 7

      AUTO REPAIR, GARAGE • 726 SF
      5005 Broadway, Gary, IN 46409-2707
      View Details
    • 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
      $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

    • $150,000
      0.24 Acres

      Prime Gary, IN Commercial Lot

      High-traffic location, owner financing possible.
      800 Ridge Rd, Gary, IN 46409
      View Details
    • $40,000
      0.07 Acres

      Vacant Lot on Broadway

      Vacant lot in Gary, Indiana with high visibility.
      5117 Broadway, Gary, IN 46409
      View Details
    • $45,000
      0.07 Acres

      Vacant Corner Lot in Gary

      High-visibility corner lot near Indiana University Northwest, ideal for development.
      138 E Ridge Rd, Gary, IN 46409
      View Details
    • 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
    • $60,000
      0.07 Acres

      Gary Mixed-Use Investment Opportunity

      Two Buildings, Endless Potential, $60,000
      4105 Broadway, Gary, IN 46409
      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.
    5101 Broadway, Unit 9
    Gary, IN 46409-2708
    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.