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Property profile & analytics
FOR LEASE
Medical Office Space
8840 Calumet Ave Munster, IN 46321
Entity Owned
4-yr Hold
Free & Clear
Property ID
US31-0065695
For Lease
1 / 2
Contact for pricing
8840 Calumet Ave, Munster, IN 46321
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
26,856 SF
Lot
2.15 ac (93,480 SF)
Zoning code
R3
APN
45-06-24-483-006.000-027
UPID
US31-0065695
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
-
Hospital De Pulmon Hospital
-
Cosmetic Dentistry-Lake County Dental Office
-
St John Therapy Services Physician
-
Wosiak Ewelina Physician
-
Mark T Lucas, PT Physician
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
Gmr Munster LLC · 4 yrs held
Gmr Munster LLC
since 2021
3 recorded transactions
Zoning & alternative use
R3 · Munster, IN
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
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
$15,224
Tax year 2022
Assessed value
$568,400
Assessed 2023
Previous assessed
$566,300
+0.4% YoY
Effective rate
2.68%
On assessed value
Assessed land
$43,000
Assessed improvement
$525,400
Land market value
$43,000
Improvement market value
$525,400
Total market value
$568,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
26,856 SF
Lot
2.15 ac (93,480 SF)
Zoning code
R3
APN
45-06-24-483-006.000-027
UPID
US31-0065695
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R3 · Munster, IN
Zoning R3 · permitted uses
R3 · Munster, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Munster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
2.15 ac
Current owner
From public records · entity-resolved
Gmr Munster LLC
Entity
Free & Clear · 4 yrs held
Mailing address
MUNSTER, IN 46321
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
—
Gmr Munster LLC
Nexgen LLC
Warranty Deed
—
Oct 22, 2020
—
Midwest Equity Partners LLC
—
Deed
related
$820,000 · American Community Bank Of Indiana
Jul 14, 2017
$680,000
Jsss LLC
Genesis Dev 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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