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Property profile & analytics
FOR SALE
Commercial land
917 Eagle Ridge Dr, Schererville, IN 46375
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-1291779
For Sale
$1,100,000
917 Eagle Ridge Dr, Schererville, IN 46375
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1958
Lot
4.52 ac (196,761 SF)
Zoning code
R33
APN
45-11-08-227-002.000-036
UPID
US31-1291779
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
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
Vision One Properties LLC · 6 yrs held
Vision One Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
R33 · Schererville, 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 Schererville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schererville 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
$17,494
Tax year 2022
Assessed value
$948,600
Assessed 2023
Previous assessed
$948,600
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$948,600
Land market value
$948,600
Total market value
$948,600
Applied tax rate
36.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1958
Heating
NONE
Stories
1
Lot
4.52 ac (196,761 SF)
Zoning code
R33
APN
45-11-08-227-002.000-036
UPID
US31-1291779
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Schererville, IN
Zoning R33 · permitted uses
R33 · Schererville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Schererville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Stories
1
Lot
4.52 ac
Current owner
From public records · entity-resolved
Vision One Properties LLC
Entity
Mailing address
1240 BIRCH DR, SCHERERVILLE, IN 46375-1336
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2020
—
Vision One Properties LLC
Trust No 21052
Grant Deed
—
Feb 7, 2020
—
Standard Bank And Trust Company
—
Deed
related
$282,000 · Peoples Bank Sb
Nov 15, 2018
$61,500
Town Of Scherervillelake Cnty
Midwest Bk First
Grant Deed
—
Nov 15, 2018
$60,000
Town Of Schererville
Trust Number 6169
Grant Deed
—
Mar 19, 2018
—
Trust 21052
—
Deed
related
—
Dec 18, 2017
—
Trust 21052
—
Deed
related
—
Jan 21, 2011
—
Trust 6169
C & A Business Park LLC
Grant Deed
—
Oct 2, 2008
—
C & A Business Park LLC
Home Depot USA INC
Quit Claim Deed
related
$575,000 · Standard Bank & Trust
—
—
C & A Business Park LLC
—
Deed Of Trust
related
$631,042 · Standard Bank & Trust
—
—
Richard J Kortenhoven
—
Deed Of Trust
related
$578,114 · Standard Bank & Trust
—
—
C & A Business Park LLC
—
Deed Of Trust
related
$641,300 · Standard Bank & Trust
—
—
Trust 21052
—
Loan Modification
related
—
—
—
Trust 21052
—
Loan Modification
related
—
—
—
Trust 21052
—
Loan Modification
related
—
—
—
C & A Business Park LLC
—
Deed Of Trust
related
$578,713 · Standard Bank & Trust
—
—
C & A Business Park LLC
—
Deed Of Trust
related
$645,718 · Standard Bank & Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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