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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Medical Office Space
5343 Commerce Blvd Crown Point, IN 46307
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0730960
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
15,150 SF
Lot
1.99 ac (86,728 SF)
Zoning code
R33
APN
45-11-24-254-001.000-036
UPID
US31-0730960
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$585k
Owner & transaction history
Piggle Wiggle LLC · 1 yrs held
Piggle Wiggle LLC
since 2025
7 recorded transactions
Zoning & alternative use
R33 · Crown Point, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$765,000
+22.4%
Commercial (general)
$665,000
+6.6%
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 Crown Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crown Point 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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$625,000
Current use
RETAIL STORES
$765,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$585,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$39 / 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
$38,750
Tax year 2022
Assessed value
$2,111,900
Assessed 2023
Previous assessed
$2,101,200
+0.5% YoY
Effective rate
1.83%
On assessed value
Assessed land
$358,400
Assessed improvement
$1,753,500
Land market value
$358,400
Improvement market value
$1,753,500
Total market value
$2,111,900
Applied tax rate
36.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
15,150 SF
Lot
1.99 ac (86,728 SF)
Zoning code
R33
APN
45-11-24-254-001.000-036
UPID
US31-0730960
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Crown Point, INZoning R33 · permitted uses
R33 · Crown Point, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$625,000
RETAIL STORES
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
INDUSTRIAL (GENERAL)
Est. value
$585,000
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Piggle Wiggle LLC
Entity
Mailing address
5355 COMMERCE BLVD, CROWN POINT, IN 46307-5325
Ownership since
2025
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
Jul 18, 2025
—
Piggle Wiggle LLC
Highway 30 Enterprises LLC
Warranty Deed
$3,680,000 · Pinnacle Bank
Sep 17, 2020
—
Highway 30 Ents LLC
—
Deed
related
$5,000,000 · Old Plank Trl Cmnty Bk NA
Feb 5, 2019
—
Highway 30 Ents LLC
—
Deed
related
$600,000 · Old Plank Trl Cmnty Bk NA
Aug 13, 2015
—
Highway 30 LLC
Raymond D Stegenga Ents INC
Warranty Deed
$1,750,000 · Old Plank Trl Cmnty Bk NA
Mar 11, 2013
—
Raymond D Stegenga Ents INC
Trust 4810
Grant Deed
related
—
—
—
Highway 30 Ents LLC
—
Deed Of Trust
related
$600,000 · Old Plank Trl Cmnty Bk NA
—
—
Highway 30 Ents LLC
—
Deed Of Trust
related
$5,000,000 · Old Plank Trl Cmnty Bk NA
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.
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