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Property profile & analytics
OFF-MARKET
Estimated value
$2,730,000
Office Spaces
9801 Connecticut Dr Crown Point, IN 46307-7765
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-3557969
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
WOOD
Total area
20,600 SF
Lot
2.97 ac (129,373 SF)
Zoning code
R33
APN
45-12-34-351-008.000-030
UPID
US31-3557969
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
-
Center For Congregations Charitable Organization Social Service Agency
-
Northwestern Mutual Financial Advisor
-
Crossroads YMCA Child Welfare Organization Charitable Organization
-
Kopka Pinkus Dolin Law Firm
-
James O’Gallagher Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.43M
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.73M
Owner & transaction history
Plex One LLC · 3 yrs held
Plex One LLC
since 2023
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
R33 · Crown Point, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.1M
+63.4%
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 Crown Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crown Point 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
Method
Estimation
Statistic approach
$2,455,000
ML approach
$2,430,000
CAP Approach
CAP Return
Estimation
6%
$3,400,000
6.5%
$3,140,000
7%
$2,915,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,145,000
Change: +63% · Conversion: Moderate
Blend value · Realmo final
$2.73M
Range $2.46M – $3.00M · ±10% · vs last sale $3.64M (Jun 9 2023)
Last sale anchor
$3.64M
Jun 9 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$133 / SF
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
$49,653
Tax year 2022
Assessed value
$2,376,400
Assessed 2023
Previous assessed
$2,376,400
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$490,100
Assessed improvement
$1,886,300
Land market value
$490,100
Improvement market value
$1,886,300
Total market value
$2,376,400
Applied tax rate
30.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Stories
1
Total area
20,600 SF
Lot
2.97 ac (129,373 SF)
Zoning code
R33
APN
45-12-34-351-008.000-030
UPID
US31-3557969
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Crown Point, IN
Zoning R33 · permitted uses
R33 · Crown Point, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crown Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.97 ac
Current owner
From public records · entity-resolved
Plex One LLC
Entity
Mailing address
114 E 90TH DR, MERRILLVILLE, IN 46410-7160
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2023
—
Plex One LLC
E Law LLC
Warranty Deed
$2,421,250 · Centier Bank
Jun 9, 2023
$3,640,000
Plex One LLC
E Law LLC
Warranty Deed
$2,421,250 · Centier Bank
Jun 10, 2020
—
E Law LLC
—
Deed
related
$700,000 · First Financial Bank
Apr 19, 2006
—
E-law LLC
Ameriplex Prf LLC
Warranty Deed
$2,700,000 · National City Bank Midwest
—
—
E-law LLC
—
Deed Of Trust
related
$150,000 · National City Bank
—
—
E-law LLC
—
Deed Of Trust
related
$2,700,000 · National City Bank
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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