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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Industrial properties
596 Rdg Rd Griffith, IN 46319
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-0482922
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
13,898 SF
Lot
0.54 ac (23,653 SF)
APN
45-07-26-201-001.000-006
UPID
US31-0482922
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
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$1.10M
Owner & transaction history
596 East Ridge LLC · 3 yrs held
596 East Ridge LLC
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+80.6%
Commercial (general)
$1.1M
+57.4%
Retail stores
$925,000
+37.5%
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 Griffith submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Griffith 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,345,000
6.5%
$1,240,000
7%
$1,150,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$670,000
Current use
RESTAURANT
$1,215,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,055,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$925,000
Change: +37% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$865,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$79 / 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
$17,290
Tax year 2022
Assessed value
$1,439,100
Assessed 2023
Previous assessed
$639,200
+125.1% YoY
Effective rate
1.20%
On assessed value
Assessed land
$203,300
Assessed improvement
$1,235,800
Land market value
$203,300
Improvement market value
$1,235,800
Total market value
$1,439,100
Applied tax rate
6.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
13,898 SF
Lot
0.54 ac (23,653 SF)
APN
45-07-26-201-001.000-006
UPID
US31-0482922
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$670,000
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$820,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1978
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
596 East Ridge LLC
Entity
Mailing address
HINGHAM, MA 02043
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
—
596 East Ridge LLC
596 East Ridge Road LLC
Warranty Deed
$1,000,000 · Hinsdale Bank & Trust Co NA
Jun 11, 2014
—
Bg Leasing LLC
Bg Leasing LLC
Quit Claim Deed
related
—
May 12, 2010
—
Bg Leasing LLC
Eriks,robert L
Quit Claim Deed
related
—
—
—
Bg Leasing LLC
—
Deed Of Trust
related
$211,000 · First Midwest Bank
—
—
Bg Leasing LLC
—
Deed Of Trust
related
$289,000 · First Midwest Bank
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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