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Property profile

1500 West 37Th Ave Hobart, IN 46342

FOR LEASE
Retail space
Property ID
US31-1028897
2,376 SF 0.57 ac lot Built 1980
Last sale Jun 2020 · $205,232
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$16k
Tax billed · 2022
Assessed value · 2023$193k
Assessed land$13k
Assessed improvement$180k
Effective rate8.19%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k
NOI build-up
Gross scheduled income$35k
Vacancy & credit loss−$2k
Operating expenses−$10k
NOI · 128,488.89% cap applied$23k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$76/SF
County average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$36 – $120
Qualifying comparables6

Cap rate analysis

How does the asset earn?
128,488.89%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.1
Dental Office19.3
Law Firm19.1

Location

1500 West 37Th Ave Hobart, IN 46342
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
235 Main, Hobart, IN 46342-4439 $165,000 Aug 2024 3,713 SF
4717 61st, Hobart, IN 46342-6479 $189,600 Jan 2023 3,846 SF
101 Hobart, Hobart, IN 46342-4652 $24,000 Oct 2022 4,180 SF
288 Wisconsin, Hobart, IN 46342-4150 $450,000 Jan 2021 1,821 SF
7995 Rdg, Hobart, IN 46342-2454 $1,150,000 Jan 2021 1,364 SF
308 6th, New Chicago, IN 46342 $70,000 Nov 2020 2,164 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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