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Property profile & analytics
FOR LEASE
Medical Office Space
8080 Utah St, Merrillville, IN 46410
Entity Owned
~
Est. High Equity
Property ID
US31-0071620
For Lease
1 / 2
Contact for pricing
8080 Utah St, Merrillville, IN 46410
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Construction
WOOD
Total area
4,675 SF
Lot
1.03 ac (44,823 SF)
Zoning code
R33
APN
45-12-24-177-002.000-046
UPID
US31-0071620
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
-
Lakeland Creek Family Dental Dental Office
-
Academy of Excellence Online High School
-
Stath Financial Services Inc Financial Advisor
-
Mark Dankowski Dental Office
-
Amira Mohammed Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stath Properties LLC
Stath Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
R33 · Merrillville, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Merrillville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merrillville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,199
Tax year 2022
Assessed value
$161,700
Assessed 2023
Previous assessed
$161,600
+0.1% YoY
Effective rate
2.60%
On assessed value
Assessed land
$71,800
Assessed improvement
$89,900
Land market value
$71,800
Improvement market value
$89,900
Total market value
$161,700
Applied tax rate
46.0000
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
For Lease
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,675 SF
Lot
1.03 ac (44,823 SF)
Zoning code
R33
APN
45-12-24-177-002.000-046
UPID
US31-0071620
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Merrillville, IN
Zoning R33 · permitted uses
R33 · Merrillville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Merrillville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Stath Properties LLC
Entity
Mailing address
8080 UTAH ST STE B, MERRILLVILLE, IN 46410-6068
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
$315,000
Stath Properties LLC
Trusten P Lee
Quitclaim Deed
related
—
Dec 9, 2025
—
Stath Properties LLC
—
Deed
related
$442,602 · American Community Bank Of Indiana
Dec 21, 2022
—
Mark Dankowski
Trusten P Lee
Deed
—
Sep 10, 2020
—
Steth Finanjcial Services Ionc
—
Deed
related
$155,000 · American Community Bank Of Indiana
Feb 15, 2018
—
Sath Properties LLC
—
Deed
related
$1,432,000 · Jpmorgan Chase Bank NA
Dec 14, 2017
—
Stath Properties LLC
Stath Financial Services INC
Quit Claim Deed
related
—
Nov 1, 2017
—
Stath Financial Services INC
Aljobeh LLC
Warranty Deed
$132,000
May 23, 2011
—
Aljobeh LLC
Jp Morgan Chase Bk
Grant Deed
related
—
Jan 6, 2011
—
Zuhdi Aljobeh LLC
Jp Morgan Chase Bk
Grant Deed
—
Mar 5, 2010
$98,059
Jp Morgan Chase Bk
Sheriff Of Lake County
Trustees Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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