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    741 Hoffman St Hammond, IN 46327

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    For Sale
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    Warehouses

    Type:Industrial
    Property size:
    8,833 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $86/SF
    Added:
    Jun 6, 2024
    Days on Market:
    767
    Last Refresh:
    May 12 at 9:29 pm

    Property Features for 741 Hoffman St

    General Information

    Standard status
    Active
    Size
    8,833 SF
    Lot size
    0.34 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1917

    Listing office StreetFront Real Estate

    Listing date Jun 6, 2024

    Source Crexi

    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

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $77.4k $8.76
    − Vacancy −$4.2k −$0.47
    EGI $73.2k $8.29
    − OpEx −$11.0k −$1.24
    NOI $62.2k $7.04
    8,833 SF · lease $8.76/SF/yr · vacancy 5.39% · expense 15.00%

    Alternative Uses

    Best Use
    Retail
    $1.22M
    $1.06M – $1.42M (±1% cap)
    NOI $85,119 @ 7.0% cap · market cap 11.13%
    Second Best
    Warehouse
    $888.9K
    $777.8K – $1.04M (±1% cap)
    NOI $62,225 @ 7.0% cap · market cap 8.13%
    Theoretical Best
    Specialty Retail
    $2.47M
    $2.16M – $2.88M (±1% cap)
    NOI $172,608 @ 7.0% cap · market cap 22.56%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Lake Iron & Metal Recycling Center Parilline Fitness Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center HVAC Service Daycare Center Gym & Fitness Center (Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    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
    Contact an agent
    (219) 510-3720 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Peters
    Ryan Peters
    Real Estate License ID: IN RB14047099
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