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Property profile & analytics
OFF-MARKET
Strip malls
9222 Indianapolis Blvd Highland, IN 46322-2557
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US31-0481596
Property summary
AI-generated overview
Boulevard Plaza offers 7,200 square feet of office space in two single-story buildings, constructed in 1998 and situated at 9222 Indianapolis Blvd, Highland, IN 46322. Currently, 1,605 square feet are available for lease, with individual suites ranging from 200 to 1,605 square feet. The property is classified as Class B and features a convenient location in a high-traffic strip center anchored by Dunkin' Donuts and other businesses, ensuring high visibility and accessibility. Ample parking is provided for tenants and their guests. The property is located in Lake County, within the Chicago metropolitan area, offering easy access to major transportation routes. The Net, Net, Net (NNN) expenses are currently estimated at $4.50 per square foot. This turnkey office space is ideal for businesses seeking a well-maintained, conveniently located office in a thriving community. The property's address is within the 45-07-29-279-033.000-026 Assessor's Parcel Number (APN). Multiple tenancy is available.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
WOOD
Total area
7,200 SF
Lot
0.88 ac (38,115 SF)
APN
45-07-29-279-033.000-026
UPID
US31-0481596
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
Adtp LLC · 7 yrs held
Adtp LLC
since 2019
3 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 Highland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
$12,965
Tax year 2022
Assessed value
$626,000
Assessed 2023
Previous assessed
$632,200
-1.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$237,700
Assessed improvement
$388,300
Land market value
$237,700
Improvement market value
$388,300
Total market value
$626,000
Applied tax rate
26.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Units
6
Total area
7,200 SF
Lot
0.88 ac (38,115 SF)
APN
45-07-29-279-033.000-026
UPID
US31-0481596
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
1987
Construction
WOOD
Heating
NONE
Stories
1
Units
6
Lot
0.88 ac
Current owner
From public records · entity-resolved
Adtp LLC
Entity
Mailing address
1009 E CAMBRIDGE DR, SCHERERVILLE, IN 46375-1463
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2024
—
Adtp LLC
—
Deed
related
$1,000,000 · Byline Bank
Mar 15, 2023
—
Adtp LLC
—
Deed
related
$747,952 · Busey Bank
Mar 7, 2019
—
Adtp LLC
Indiana Land Trust Company
Deed
$1,100,000 · Citizens Bank NA
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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