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Financial
Distress signals
Property profile

8127 Merrillville Rd Merrillville, IN 46410

FOR LEASE
Medical Office Space
Property ID
US31-0013448
17,646 SF 2.74 ac lot Built 1975
Last sale Feb 2014 · $1,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a medical office suite totaling 1,580 square feet with ground-floor access. The interior is configured with three exam rooms or offices, a receptionist desk area, and a sanitation sink. The space includes washer and dryer hookups, and it is suitable for medical office use within a building that is positioned just south of Route 30. The property provides on-site parking and supports a multi-tenant setting with established long-term medical co-tenants.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$51k
Tax billed · 2022
Assessed value · 2023$2.44M
Assessed land$704k
Assessed improvement$1.74M
Effective rate2.09%

Value estimate

· Oct 2026
$760k
$684k – $836k
AI approach$600k
Submarket $/SF estimate$922k
NOI build-up
Gross scheduled income$34k
Vacancy & credit loss−$7k
Operating expenses−$7k
NOI · 801.68% cap applied$20k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
801.68%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R33
JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.9
Parking Facility12.2
Electrical Service11.0

Location

8127 Merrillville Rd Merrillville, IN 46410
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
250 61st, Merrillville, IN 46410-2512 $199,000 Jan 2023 2,297 SF
9223 Taft, Merrillville, IN 46410-6911 $2,037,309 Oct 2019 6,660 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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