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    4531 Columbia Ave Hammond, IN 46327

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    4531 Columbia Ave Hammond, IN 46327

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    • Warehouses
    • 267,093 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Metal Parnters International / Corporate Office

    Property Details for 4531 Columbia Ave

    Property size
    267,093 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial warehouse property, located at 4531 Columbia Avenue in Hammond, Indiana, offers 80,000 square feet of immediately available space within a larger 267,093 square foot building. The property is a single-story structure boasting impressive 20-30 foot clear ceiling heights, making it suitable for a variety of industrial uses. Eight large drive-in doors provide convenient access for loading and unloading, significantly enhancing operational efficiency. The space includes one 5-ton overhead crane, a valuable asset for certain industrial operations. The property is situated in Lake County, Indiana, with the zip code 46327. Heavy power is available on-site, catering to businesses with significant energy demands. Furthermore, there is additional land available for expansion or future development, presenting a unique opportunity for growth. The minimum divisible space is 80,000 square feet, making it perfect for a single large tenant or multiple smaller tenants. This is a multi-tenant building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.4995
    Latitude
    41.631

    Comparable in this City

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      141 141st St

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    • Value Estimation by Request
      1,040 SF

      4715 Columbia Ave, Unit 51

      STORAGE YARD, OPEN STORAGE • 1,040 SF
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    • Value Estimation by Request
      3,696 SF

      4804 Hohman Ave

      STORAGE YARD, OPEN STORAGE • 3,696 SF
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    • Value Estimation by Request
      2,730 SF

      3031 Sheffield Ave

      STORAGE YARD, OPEN STORAGE • 2,730 SF
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    • Value Estimation
      $2,175,000
      42,500 SF

      5026 Columbia Ave, Unit 32

      WAREHOUSE, STORAGE • 42,500 SF
      5026 Columbia Ave, Hammond, IN 46327-1758
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    • Value Estimation by Request
      81 SF

      4928 White Oak Ave

      STORAGE YARD, OPEN STORAGE • 81 SF
      4928 White Oak Ave, Hammond, IN 46327
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,833 SF

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      3,072 SF

      Hammond Industrial Building on Large Site

      3,072 SF industrial building on 2.6 acre site.
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    • $400,000
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      Hammond Industrial Warehouse For Sale

      10,528 SF industrial warehouse in Hammond, Indiana for sale.
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      Hammond Warehouse with Fenced Lot

      8,833 SF warehouse with fenced lot and six drive-in doors.
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      10,000 SF

      Hammond Warehouse with Freezer Space

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      Hammond Industrial Property - Huge Potential

      Spacious industrial building, 8,530 sq ft, 0.34 acres
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    Similar Nearby for Lease

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      80,000 SF

      Hammond Industrial Space Available

      Industrial space for lease in Hammond, Indiana.
      4527 Columbia Ave, Hammond, IN 46327
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    • $7 SF/Yr

      Hammond Warehouse with Trailer Parking

      40,000 SF available with heavy power and trailer parking.
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      Industrial Single Tenant Space

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      141 141St St, Hammond, IN 46327
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      3,072 SF

      Truck Repair Facility with I-90 Frontage

      3,072 SF truck repair facility with immediate expressway access.
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    • Contact for pricing

      Hammond Land for Lease

      Fenced and secure land suitable for intermodal or truck yard.
      4803 Hohman Ave, Hammond, IN 46327
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    • Contact for pricing

      Redevelopment/BTS Opportunity in Hammond

      Land available for redevelopment or build-to-suit in Hammond, Indiana.
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    4531 Columbia Ave
    Hammond, IN 46327
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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