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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Turn key restaurants
996 Joliet St Dyer, IN 46311-1921
Entity Owned
5-yr Hold
Free & Clear
Property ID
US31-0695467
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1991
Construction
WOOD
Total area
3,356 SF
Lot
1.32 ac (57,586 SF)
APN
45-11-18-128-001.000-034
UPID
US31-0695467
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
-
Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Jaeger Ventures LLC · 5 yrs held
Jaeger Ventures LLC
since 2020
Last sale
$1.4M
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 Dyer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dyer 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
$1,620,000
ML approach
$1,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.40M (Oct 16 2020)
Last sale anchor
$1.40M
Oct 16 2020
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
$460 / 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
$29,881
Tax year 2022
Assessed value
$1,312,000
Assessed 2023
Previous assessed
$1,312,300
0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$628,000
Assessed improvement
$684,000
Land market value
$628,000
Improvement market value
$684,000
Total market value
$1,312,000
Applied tax rate
34.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,356 SF
Lot
1.32 ac (57,586 SF)
APN
45-11-18-128-001.000-034
UPID
US31-0695467
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
1991
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Jaeger Ventures LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1400 OPUS PL, DOWNERS GROVE, IL 60515-1198
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2020
$1,400,000
Jaeger Ventures LLC
Nicholas Ventures LP
Grant Deed
—
Jul 19, 2019
—
Nicholas Ventures LP
—
Deed
related
$613,990 · Brickyard Bk
Dec 15, 2014
—
Tri City Foods Of Indiana INC
—
Grant Deed
related
$146,000,000 · Wells Fargo Bk
Oct 25, 2006
—
Nicholas Venture LP
Whopp Shop Development INC
Corporation Deed
$915,560 · Harris NA
Apr 7, 2005
—
Whopp Shop Dev INC
—
Trustees Deed
related
$1,116,150 · Bank Calumet NA
—
—
Nicholas Ventures LP
—
Deed Of Trust
related
$780,000 · Brickyard Bank
—
—
Nicholas Ventures LP
—
Loan Modification
related
$613,990 · Brickyard Bk
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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