Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    8201 Melton Rd Gary, IN 46403-3119

    • Parking lots & garages
    • 4,432 SF
    • 2.97 lot acres
    OFF-MARKET
    Value Estimation
    $445,000
    Last Sale
    Jan 13, 2022
    Location Intelligence
    Property ID
    US31-0990138
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 8201 Melton Rd

    Year built
    2021
    Construction
    WOOD
    Lot size
    2.97 lot acres
    Property size
    4,432 SF
    Property type
    Parking lots & garages
    APN
    45-09-04-300-022.000-004
    APU
    450904300022000004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.2384
    Latitude
    41.5945
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $19,495
    $178,000
    $355,100
    $533,100
    -
    $178,000
    $355,100
    $533,100

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      608 Huntington St

      PARKING LOT • 0.10 Acres
      608 Huntington St, Gary, IN 46403
      View Details
    • Value Estimation by Request
      0.19 Acres

      6008 6th Pl

      PARKING LOT • 0.19 Acres
      6008 6th Pl, Gary, IN 46403
      View Details
    • Value Estimation
      $305,000
      2,787 SF

      7885 Melton Rd

      PARKING LOT • 2,787 SF
      7885 Melton Rd, Gary, IN 46403-3111
      View Details
    • Value Estimation
      $195,000
      3.22 Acres

      801-15 Gibson St

      PARKING LOT • 3.22 Acres
      801-15 Gibson St, Gary, IN 46403
      View Details
    • Value Estimation by Request
      0.23 Acres

      645 Lk St

      PARKING LOT • 0.23 Acres
      645 Lk St, Gary, IN 46403
      View Details
    • Value Estimation by Request
      0.16 Acres

      300 Lk St, Unit 6

      PARKING LOT • 0.16 Acres
      300 Lk St, Gary, IN 46403
      View Details

    Similar Nearby for Sale

    • $249,000
      3,740 SF

      Retail Space in High-Traffic Mall

      Retail or office space in a high-traffic Gary strip mall.
      5011 E Dunes Hwy, Gary, IN 46403
      View Details
    • $370,000
      2,451 SF

      Prime Commercial Opportunity in Miller Beach

      Commercial property in Miller Beach's East Lakefront District, near South Shore Train Station.
      600 S Lake St, Gary, IN 46403
      View Details
    • $199,900
      2,607 SF

      Gary, IN Retail Opportunity

      Commercial property in Miller Business District, ideal for redevelopment.
      288 S Lake St, Gary, IN 46403
      View Details
    • $250,000
      1.33 Acres

      Commercial Land Near South Shore

      1.3 acre commercial site near new South Shore train station.
      800 Gibson St, Gary, IN 46403
      View Details
    • $75,000
      0.27 Acres

      Buildable Lot Near Miller Beach

      Expansive lot near Miller Beach, ideal for custom home or development.
      701 N Randolph St, Gary, IN 46403
      View Details
    • $35,000
      0.18 Acres

      Land in Miller Beach Community

      Vacant lot in the Miller Beach Community.
      8841 Hemlock Ln, Gary, IN 46403
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      4,820 SF

      Melton Road Industrial Facility

      4,820 SF Manufacturing/Flex Space
      6401 Melton Rd, Gary, IN 46403
      View Details
    • $3,300 /Mo
      2,605 SF

      Professional Office Near Train Station

      Move-in ready office space near South Shore train station.
      5528 E Melton Rd, Gary, IN 46403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8201 Melton Rd
    Gary, IN 46403-3119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.