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Property profile & analytics
OFF-MARKET
Estimated value
$7,600,000
Strip malls
8135 Calumet Ave Munster, IN 46321-1701
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-2118581
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Construction
TYPE NOT SPECIFIED
Total area
10,929 SF
Lot
1.82 ac (79,192 SF)
APN
45-07-19-105-001.000-027
UPID
US31-2118581
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
-
Cicely Moreno Medical Clinic
-
Cathryn Sotak Physician
-
Kerry Kanaley Employment Agency
-
Debra Gbabiri Physician
-
Braxton Fritz Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.60M
Owner & transaction history
Munster Shops LLC · 5 yrs held
Munster Shops LLC
since 2021
Last sale
$7.6M
4 recorded transactions
Zoning & alternative use
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 Munster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Munster 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
$7,645,000
ML approach
$7,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.60M
Range $6.84M – $8.36M · ±10% · vs last sale $7.60M (Apr 13 2021)
Last sale anchor
$7.60M
Apr 13 2021
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
$695 / 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
$88,311
Tax year 2022
Assessed value
$3,260,400
Assessed 2023
Previous assessed
$3,285,000
-0.7% YoY
Effective rate
2.71%
On assessed value
Assessed land
$1,347,100
Assessed improvement
$1,913,300
Land market value
$1,347,100
Improvement market value
$1,913,300
Total market value
$3,260,400
Applied tax rate
27.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2011
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Units
6
Total area
10,929 SF
Lot
1.82 ac (79,192 SF)
APN
45-07-19-105-001.000-027
UPID
US31-2118581
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
Building & site characteristics
From public records
Year built
2011
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Units
6
Lot
1.82 ac
Current owner
From public records · entity-resolved
Munster Shops LLC
Entity
Mailing address
40 75TH ST, WILLOWBROOK, IL 60527-2325
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2021
$7,600,000
Munster Shops LLC
Rw Wg Fayetteville LLC
Special Warranty Deed
$11,400,000 · Providence Bank & Trust
Jul 13, 2016
—
Rw Wg Fayetteville INC
—
Deed
related
$5,015,000 · Everbank
May 10, 2016
$7,775,000
Rw Wg Fayetteville LLC
Mc-8201 LLC
Warranty Deed
$5,015,000 · Everbank
—
—
Rw Wg Fayetteville INC
—
Deed Of Trust
related
$5,015,000 · Everbank
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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