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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Medical Office Space
1310 Wisconsin St, Hobart, IN 46342-5502
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-0646829
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
16,300 SF
Lot
2.31 ac (100,624 SF)
APN
45-13-06-181-027.000-018
UPID
US31-0646829
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$815k
Owner & transaction history
St Mary Medical Center INC · 1 yrs held
St Mary Medical Center INC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+53.8%
Apartment house (5+ units)
$1.1M
+51.1%
Retail stores
$950,000
+36.2%
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 Hobart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hobart 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
by Request
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$695,000
Current use
COMMERCIAL (GENERAL)
$1,070,000
Change: +54% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,050,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$950,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$915,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10%
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
$50 / 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
$140,105
Tax year 2022
Assessed value
$4,149,300
Assessed 2023
Previous assessed
$4,139,500
+0.2% YoY
Effective rate
3.38%
On assessed value
Assessed land
$485,100
Assessed improvement
$3,664,200
Land market value
$485,100
Improvement market value
$3,664,200
Total market value
$4,149,300
Applied tax rate
18.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
16,300 SF
Lot
2.31 ac (100,624 SF)
APN
45-13-06-181-027.000-018
UPID
US31-0646829
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$950,000
INDUSTRIAL (GENERAL)
Est. value
$915,000
WAREHOUSE, STORAGE
Est. value
$685,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
St Mary Medical Center INC
Entity
Free & Clear · 1 yrs held
Mailing address
59 S ISLANDERS RETREAT AVE, SAVANNAH, GA 31411-2941
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
—
St Mary Medical Center INC
Sr45 Properties LLC
Special Warranty Deed
—
Feb 22, 2017
$4,000,000
Kjt Properties LLC
Bailiwyck Properties LLC
Grant Deed
$2,400,000 · Old Plank Trl Cmnty Bk NA
Jun 3, 2008
—
Peak Of Manteno INC
—
Trustees Deed
related
$69,714 · Homestar Bank
Feb 15, 2008
—
Peak Of Manteno INC
Csokasy Family II
Grant Deed
$1,500,000 · Homestar Bank
—
—
Bailiwyck Properties LLC
—
Loan Modification
related
—
—
—
Bailiwyck Properties LLC
—
Loan Modification
related
—
—
—
Bailiwyck Properties LLC
—
Deed Of Trust
related
$150,000 · State Bk/davis
—
—
Bailiwyck Properties LLC
—
Deed Of Trust
related
$2,189,025 · State Bk/davis
—
—
Bailiwyck Properties LLC
—
Deed Of Trust
related
$2,063,166 · Standard Bank & Trust
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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