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    Property profile & analytics

    5900 3rd Ave Gary, IN 46403-2307

    • Office Properties & Spaces
    • 1,695 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $450,000
    Location Intelligence
    Property ID
    US31-2807137
    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

    • Robinson Adult Day Services Inc / Aged Care / Home Health Care Service

    Property Details for 5900 3rd Ave

    Year built
    1969
    Construction
    WOOD
    Lot size
    0.39 lot acres
    Property size
    1,695 SF
    Property type
    Office Properties & Spaces
    APN
    45-09-06-252-008.000-004
    APU
    450906252008000004

    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
    -87.2674
    Latitude
    41.6045
    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
    $7,135
    $28,200
    $160,700
    $188,900
    -
    $28,200
    $160,700
    $188,900

    Comparable in this City

    • Value Estimation
      $370,000
      5,600 SF

      7550 Melton Rd

      OFFICE (GENERAL) • 5,600 SF
      7550 Melton Rd, Gary, IN 46403-3147
      View Details
    • Value Estimation
      $290,000
      4,248 SF

      538 Hancock St

      OFFICE (GENERAL) • 4,248 SF
      538 Hancock St, Gary, IN 46403
      View Details
    • Value Estimation
      $270,000
      5,500 SF

      8000 Melton Rd

      OFFICE (GENERAL) • 5,500 SF
      8000 Melton Rd, Gary, IN 46403-3114
      View Details
    • Value Estimation by Request
      3,560 SF

      4629 Melton Rd

      OFFICE (GENERAL) • 3,560 SF
      4629 Melton Rd, Gary, IN 46403-2866
      View Details
    • Value Estimation
      $310,000
      5,268 SF

      363 Lk St

      OFFICE (GENERAL) • 5,268 SF
      363 Lk St, Gary, IN 46403-2366
      View Details
    • Value Estimation
      $470,000
      19,392 SF

      301 Lk St

      OFFICE (GENERAL) • 19,392 SF
      301 Lk St, Gary, IN 46403-2366
      View Details

    Similar Nearby for Sale

    • $375,000
      2,605 SF

      Professional Office Near Train Station

      Move-in ready office building near South Shore train station.
      5528 E Melton Rd, Gary, IN 46403
      View Details
    • $285,000
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      Renovated Office Building in Miller Beach

      State-of-the-art office building in the heart of Miller Beach.
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      8841 Hemlock Ln, Gary, IN 46403
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    • $175,000
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      Lake Michigan View Lot

      Residential or multi-family development lot near Indiana Dunes National Park.
      741 N Lake St, Gary, IN 46403
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    • $370,000
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      Prime Commercial Opportunity in Miller Beach

      Commercial property in Miller Beach's East Lakefront District, near South Shore Train Station.
      600 S Lake St, Gary, IN 46403
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    • $80,000
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      Commercial Land in Gary, Indiana

      Prime commercial site in a bustling business area.
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      View Details

    Similar Nearby for Lease

    • $3,300 /Mo
      2,605 SF

      Professional Office Near Train Station

      Move-in ready office space near South Shore train station.
      5528 E Melton Rd, Gary, IN 46403
      View Details
    • $32 SF/Yr
      4,820 SF

      Melton Road Industrial Facility

      4,820 SF Manufacturing/Flex Space
      6401 Melton Rd, Gary, IN 46403
      View Details
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    5900 3rd Ave
    Gary, IN 46403-2307
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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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