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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
901 5th Ave 27 Gary, IN 46402-1413
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-0645496
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2006
Construction
WOOD
Total area
2,812 SF
Lot
0.42 ac (18,121 SF)
APN
45-08-03-402-001.000-004
UPID
US31-0645496
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
-
Citgo Gas Station Gas Station
-
ATM (Citgo Gas & Food Mart IV) Atm Convenience Store
-
MMAS ENTERPRISES Gas Station
-
Bitcoin Depot - Bitcoin ATM Atm Crypto Atm
-
Hoosier Spot Gas Station
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
Noors Properties INC · 6 yrs held
Noors Properties INC
since 2019
7 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 Gary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gary 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
$6,305
Tax year 2022
Assessed value
$290,700
Assessed 2023
Previous assessed
$177,000
+64.2% YoY
Effective rate
2.17%
On assessed value
Assessed land
$83,400
Assessed improvement
$207,300
Land market value
$83,400
Improvement market value
$207,300
Total market value
$290,700
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,812 SF
Lot
0.42 ac (18,121 SF)
APN
45-08-03-402-001.000-004
UPID
US31-0645496
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
2006
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Noors Properties INC
Entity
Mailing address
8712 DOUBLETREE DR S, CROWN POINT, IN 46307-9382
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2019
—
Noors Properties INC
Zyst INC
Warranty Deed
$4,827,000 · 1st Source Bank
Apr 23, 2019
$855,000
Zyst INC
Sheriff Of Lake County|yaseen & Sons Corp
Trustees Deed
related
—
Apr 22, 2019
$850,000
Zyst INC
Sheriff Of Lake County|yaseen & Sons Corp
Trustees Deed
related
—
Sep 23, 2015
—
Yaseen & Sons Corp
Haleem,nasheen
Warranty Deed
$560,000 · Millenium Investment Group LLC
Mar 19, 2015
—
Nusheen Ilaleem
Mmas INC
Grant Deed
—
Mar 12, 2015
—
Nusheen Haleem
Mmas
Dual Purpose Document
related
$790,000 · Mmas
Aug 10, 2006
—
Mmas Enterprises Of Indiana LLC
Zyst INC
Warranty Deed
$1,448,600 · Temecula Valley Bank NA
Nov 1, 2005
—
Zyst INC
—
Trustees Deed
related
$475,000 · Heritage Community Bank
Oct 4, 2005
—
Zyst INC
Tajuddin,syed & Yasmin
Quit Claim Deed
related
—
Mar 9, 2005
—
Syed Tajuddin
Sandhu,navjot K
Warranty Deed
related
—
Sep 7, 2004
—
Navjot K Sandhu
Sandhu,yuvraj
Quit Claim Deed
related
—
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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