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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Warehouses
850 Madison St, Crown Point, IN 46307-8212
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-0290852
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
WOOD
Total area
13,608 SF
Lot
1.04 ac (45,302 SF)
Zoning code
R33
APN
45-16-04-426-007.000-042
UPID
US31-0290852
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
-
Crown Cremation Services Cremation Service Funeral Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$740k
Owner & transaction history
Ajl Properties LLC · 6 yrs held
Ajl Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
R33 · Crown Point, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+1.8%
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 Crown Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crown Point 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,015,000
Current use
RETAIL STORES
$1,035,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$865,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10%
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
$54 / 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
$14,860
Tax year 2022
Assessed value
$626,500
Assessed 2023
Previous assessed
$621,700
+0.8% YoY
Effective rate
2.37%
On assessed value
Assessed land
$120,100
Assessed improvement
$506,400
Land market value
$120,100
Improvement market value
$506,400
Total market value
$626,500
Applied tax rate
42.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
NONE
Stories
1
Total area
13,608 SF
Lot
1.04 ac (45,302 SF)
Zoning code
R33
APN
45-16-04-426-007.000-042
UPID
US31-0290852
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Crown Point, IN
Zoning R33 · permitted uses
R33 · Crown Point, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crown Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$865,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Ajl Properties LLC
Entity
Mailing address
12795 ROSEWOOD DR, SAINT JOHN, IN 46373-9032
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
—
Ajl Properties LLC
—
Deed
related
$200,000 · Peoples Bank
May 7, 2021
—
Ajl Properties LLC
—
Deed
related
$1,450,000 · Peoples Bank
Dec 20, 2019
—
Ajl Properties LLC
Jimis Properties LLC
Warranty Deed
$450,000 · Peoples Bank Sb
Oct 5, 2016
—
Jimis Properties LLC
—
Deed
related
$370,000 · Peoples Bank Savings Bank
Aug 8, 2012
—
Jimis Properties LLC
Clark Street Holdings LLC-seri
Grant Deed
$608,000 · Fifth Third Bank
Feb 25, 2010
—
Clark Street Holdings LLC-seri
Trust L005-086
Deed In Lieu Of Foreclosure
related
—
Nov 22, 2005
—
Trust L005-086
Classic Properties LLC
Warranty Deed
—
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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