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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    922 Veterans Ln Crown Point, IN 46307-2748

    • Residential income homes
    • 11,140 SF
    • 2.23 lot acres
    OFF-MARKET
    Last Sale
    Feb 22, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0739887
    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

    • Residential income homes

    Property Details for 922 Veterans Ln

    Year built
    2005
    Construction
    WOOD
    Lot size
    2.23 lot acres
    Property size
    11,140 SF
    Zone code
    R33
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45-12-31-256-013.000-029
    APU
    451231256013000029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crown Point
    County
    Lake
    State
    Indiana
    Longitude
    -87.381
    Latitude
    41.4429
    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
    $1,839
    $43,000
    $162,900
    $205,900
    -
    $43,000
    $162,900
    $205,900

    Comparable in this City

    • Value Estimation by Request
      1,240 SF

      5020 Spinnaker Ln, Unit C

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,240 SF
      5020 Spinnaker Ln, Crown Point, IN 46307-8033
      View Details
    • Value Estimation by Request
      11,140 SF

      929 Veterans Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 11,140 SF
      929 Veterans Ln, Crown Point, IN 46307-2748
      View Details
    • Value Estimation by Request
      3,900 SF

      5025 Spinnaker Lna

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,900 SF
      5025 Spinnaker Lna, Crown Point, IN 46307-9347
      View Details
    • Value Estimation by Request
      6,176 SF

      1544 Autumn Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,176 SF
      1544 Autumn Dr, Crown Point, IN 46307-9669
      View Details
    • Value Estimation by Request
      960 SF

      311 Ct St

      APARTMENT HOUSE (UNDER 5 UNITS) • 960 SF
      311 Ct St, Crown Point, IN 46307-3934
      View Details
    • Value Estimation by Request
      1,565 SF

      5000 Spinnaker Ln, Unit A

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,565 SF
      5000 Spinnaker Ln, Crown Point, IN 46307-8041
      View Details

    Similar Nearby for Sale

    • New
      $260,000
      Pending

      Crown Point Duplex Investment Opportunity

      Crown Point duplex near the Square with income potential.
      100-102 N Ridge St, Crown Point, IN 46307
      View Details
    • $258,799
      1,180 SF

      Charming Ranch Townhome in Stonegate

      Exquisite one-owner townhome with zero-step entry and spacious layout.
      7501 E 111Th Ln, Crown Point, IN 46307
      View Details
    • $699,000

      Mixed-Use Property Near Crown Point

      Versatile investment property with residential and commercial income potential.
      300 S Court St, Crown Point, IN 46307
      View Details
    • $289,500
      1,695 SF

      Updated Townhouse in Crown Point

      Recently updated 3-bedroom, 3-bath townhouse with modern amenities and convenient location.
      7556 E 111Th Ln, Crown Point, IN 46307
      View Details
    • $284,560
      1,383 SF

      Spacious Townhome with Modern Features

      Move-in ready townhome with modern kitchen, private patio, and garage.
      13133 Carolina St, Crown Point, IN 46307
      View Details
    • New
      $839,900
      7,387 SF

      Historic Crown Point Mixed-Use Property

      Mixed-use building in high-traffic area with income potential.
      100 N Main St, Crown Point, IN 46307
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      12,000 SF

      Crown Point Light Industrial Space

      12,000 SF light industrial space for lease.
      396 E 111Th Ct, Crown Point, IN 46307
      View Details
    • Contact for pricing
      3,960 SF

      Move-in Ready Medical Office Space

      New medical space with exam rooms and offices available for rent.
      1541 S Court St, Crown Point, IN 46307
      View Details
    • $15 SF/Yr

      Downtown Crown Point Office Building

      Two-story office building in Crown Point's Historic Courthouse Square.
      116 W Clark St, Crown Point, IN 46307
      View Details
    • Contact for pricing
      37,294 SF

      Crown Point Office Suites for Lease

      Downtown Crown Point, flexible office space.
      123 Main St, Crown Point, IN 46307
      View Details
    • $16 SF/Yr
      6,208 SF

      Modern Office Space Available

      Well-maintained office space with flexible floor plan for rent.
      8080 E 109Th Ave, Crown Point, IN 46307
      View Details
    • $14 SF/Yr
      11,728 SF

      Crown Point Warehouse/Flex Space

      12,000 SF warehouse/flex space in Crown East Business Park.
      501 E 112Th Ave, Crown Point, IN 46307
      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.
    922 Veterans Ln
    Crown Point, IN 46307-2748
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    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.