For Sale
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741 Hoffman St, Hammond, IN 46327
Warehouses
Property Size8,833 SF
Lot Size0.34 Acres
Price / SF$86.61
Days on Market860
Property Features for 741 Hoffman St
General Information
Standard status
Active
Size
8,833 SF
Lot size
0.34 Acres
Property subtype
Industrial
Zoning
C4
Building Details
Year Built
1917
Listing Agency:
StreetFront Real Estate
Listed By:
Ryan Peters · License #IN RB14047099
(219) 510-3720
Source:
Crexi
Added: Jun 6, 2024
Changed: Sep 29
Last Checked: Oct 12 at 8:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of StreetFront Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- C4 zoning allows for diverse commercial usage
- Excellent accessibility with multiple drive‑in doors
- Large building size: 6,330 sq ft main building plus 2,200 sq ft addition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,225
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,244,500
$1.2M
Cap Rate 7%
$888,929
$888.9K
Cap Rate 9%
$691,389
$691.4K
Market Conditions
NOI Build-Up for 8,833 SF
Gross rent
$77.4K $8.76/SF
− Vacancy
−$4.2K −$0.47/SF
EGI
$73.2K $8.29/SF
− OpEx
−$11.0K −$1.24/SF
NOI
$62.2K $7.04/SF
Area
Lake County, IN
Vacancy
5.39%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,244,500
Cap Rate 7%
$888,929
Cap Rate 9%
$691,389
Alternative Uses
Best Use
Retail
$1.22M
$1.06M – $1.42M
NOI $85,119 @ 7.0% cap · market cap 11.13%
Second Best
Warehouse
$888.9K
$777.8K – $1.04M
NOI $62,225 @ 7.0% cap · market cap 8.13%
Theoretical Best
Specialty Retail
$2.47M
$2.16M – $2.88M
NOI $172,608 @ 7.0% cap · market cap 22.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46327, IN
11,078
Population
4,389
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
77%
High-School Grad
4.6 sq mi
ZIP Area
2,408
Density / Sq Mi
$50,457
Median Household Income
$30,939
Median Earnings
$1,133
Median Rent
$116,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Marathon Petroleum Corporation — 4206 Columbia Ave, Hammond, IN 46327
- WALMART CHICAGO DC Center Point 7100 — 1340 141st St, Hammond, IN 46327
Frequently Asked Questions
Where is this warehouse located?
The property is located at 741 Hoffman St Hammond, IN.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: C4 zoning allows for diverse commercial usage; Excellent accessibility with multiple drive‑in doors; Large building size: 6,330 sq ft main building plus 2,200 sq ft addition
