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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Medical Office Space
6625 Lincoln Hwy Crown Point, IN 46307-9678
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US31-0739607
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
WOOD
Total area
14,689 SF
Lot
1.07 ac (46,653 SF)
APN
45-11-23-226-001.000-036
UPID
US31-0739607
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
Current use
Occupant on record · Public records
-
Shaila Gupta DO Physician Medical Clinic
-
Jonathan Ramos Pediatrician Physician
-
Ender Akan Md Physician Medical Clinic
-
Zuhair Alsakaji M.D. Pediatrician Medical Clinic
-
Neenu Prasada MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$590k
Owner & transaction history
Dorai Properties LLC · 14 yrs held
Dorai Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$980,000
+62.0%
Retail stores
$740,000
+22.4%
Commercial (general)
$645,000
+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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$605,000
Current use
AUTO REPAIR, GARAGE
$980,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$570,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$565,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$40 / 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
$39,676
Tax year 2022
Assessed value
$2,161,300
Assessed 2023
Previous assessed
$2,151,400
+0.5% YoY
Effective rate
1.84%
On assessed value
Assessed land
$348,100
Assessed improvement
$1,813,200
Land market value
$348,100
Improvement market value
$1,813,200
Total market value
$2,161,300
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
2006
Construction
WOOD
Heating
NONE
Stories
2
Units
3
Total area
14,689 SF
Lot
1.07 ac (46,653 SF)
APN
45-11-23-226-001.000-036
UPID
US31-0739607
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
MEDICAL BUILDING Current
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$980,000
RETAIL STORES
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$570,000
INDUSTRIAL (GENERAL)
Est. value
$565,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
2006
Construction
WOOD
Heating
NONE
Stories
2
Units
3
Lot
1.07 ac
Current owner
From public records · entity-resolved
Dorai Properties LLC
Entity
Mailing address
6625 W LINCOLN HWY, SCHERERVILLE, IN 46375
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2022
—
Dorai Properties LLC
—
Deed
related
$406,479 · American Community Bank Of Indiana
Jun 8, 2012
—
Dorai Properties LLC
Henry Walter Holdings LLC
Corporation Deed
$620,477 · Jpmorgan Chase Bank NA
Jan 24, 2012
—
Henry Walter Holdings LLC
Kapers Ents LLC
Warranty Deed
—
May 23, 2007
—
Scott T Morgan
Morgan Rosemary S Trust
Quit Claim Deed
related
—
Apr 29, 2005
—
Kapers Ents LLC
Kapers,scott A & Melissa
Quit Claim Deed
related
—
—
—
Scott A Kapers
—
Deed Of Trust
related
$942,000 · Centier Bank
—
—
Scott A Kapers
—
Deed Of Trust
related
$1,177,500 · Centier Bank
—
—
Dorai Properties LLC
—
Deed Of Trust
related
$512,000 · Regional Development Co
—
—
Kapers Ents LLC
—
Deed Of Trust
related
$1,033,000 · Regional Dev Co
—
—
Kapers Ents LLC
—
Deed Of Trust
related
$1,255,250 · Centier 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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