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Property profile & analytics
OFF-MARKET
Parking lots & garages
8200 Georgia St Merrillville, IN 46410-6227
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-1172655
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1979
Lot
1.76 ac (76,666 SF)
Zoning code
R33
APN
45-12-22-329-004.000-030
UPID
US31-1172655
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
-
Innovations In Learning Medical Clinic
-
Kate M. Essex, LCSW Physician
-
Bridget M. Harrison, PHD Physician Medical Clinic
-
Charles Benton Physician Medical Clinic
-
Carly Dietz Physician Medical Clinic
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
Wu&tran Merrillville LLC · 6 yrs held
Wu&tran Merrillville LLC
since 2020
Last sale
$410,000
2 recorded transactions
Zoning & alternative use
R33 · Merrillville, IN
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
$12,927
Tax year 2022
Assessed value
$627,100
Assessed 2023
Previous assessed
$618,800
+1.3% YoY
Effective rate
2.06%
On assessed value
Assessed land
$605,300
Assessed improvement
$21,800
Land market value
$605,300
Improvement market value
$21,800
Total market value
$627,100
Applied tax rate
30.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1979
Heating
NONE
Lot
1.76 ac (76,666 SF)
Zoning code
R33
APN
45-12-22-329-004.000-030
UPID
US31-1172655
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Merrillville, INZoning R33 · permitted uses
R33 · Merrillville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Code of Ordinances
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Lot
1.76 ac
Current owner
From public records · entity-resolved
Wu&tran Merrillville LLC
Entity
Mailing address
12300 S LA GRANGE RD, PALOS PARK, IL 60464-1700
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2022
—
Wu&tran Merrillville LLC
—
Deed
related
$3,290,000 · Consumers Cooperative Cu
Feb 18, 2020
—
Wu&tran Merrillville LLC
Whiteco Industries INC
Warranty Deed
$1,000,000 · Pacific Global 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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