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    Property profile & analytics

    1500 Lk Park Ave Hobart, IN 46342-6638

    • Office Properties & Spaces
    • 656,295 SF
    • 36.93 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0418278
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mikhail Jeha, M.D. / Radiologist / Doctor
    • Healthy 4 Life / Weight Loss Service
    • Harris Ben S MD / Emergency Care Physician
    • Charity Donahue / Nurse Practitioner
    • Scales Matthew B MD / Doctor

    Property Details for 1500 Lk Park Ave

    Year built
    1971
    Construction
    TYPE NOT SPECIFIED
    Lot size
    36.93 lot acres
    Property size
    656,295 SF
    Zone code
    R33
    Property type
    Office Properties & Spaces
    APN
    45-13-06-426-001.000-018
    APU
    451306426001000018

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2613
    Latitude
    41.5127
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,461,284
    $6,458,100
    $29,337,500
    $35,795,600
    -
    $6,458,100
    $29,337,500
    $35,795,600

    Comparable in this City

    • Value Estimation by Request
      527 SF

      534 37th Ave

      OFFICE (GENERAL) • 527 SF
      534 37th Ave, Hobart, IN 46342-2263
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    • Value Estimation by Request
      1,064 SF

      4400 61st Ave

      OFFICE (GENERAL) • 1,064 SF
      4400 61st Ave, Hobart, IN 46342-6472
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    • Value Estimation by Request
      51,292 SF

      3200 33rd Jay St

      OFFICE (GENERAL) • 51,292 SF
      3200 33rd Jay St, Hobart, IN 46342
      View Details
    • Value Estimation by Request
      87,746 SF

      52 Wisconsin St

      OFFICE (GENERAL) • 87,746 SF
      52 Wisconsin St, Hobart, IN 46342-4137
      View Details
    • Value Estimation by Request
      5,633 SF

      630 County Line Rd

      OFFICE (GENERAL) • 5,633 SF
      630 County Line Rd, Hobart, IN 46342-4707
      View Details
    • Value Estimation
      $370,000
      10,482 SF

      8091 Randolph St

      OFFICE (GENERAL) • 10,482 SF
      8091 Randolph St, Hobart, IN 46342-7068
      View Details

    Similar Nearby for Sale

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      Hobart Office Building For Sale

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    • $299,000
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      Downtown Hobart Commercial Property For Sale

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    • $600,000
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      Hobart Mixed-Use Business Complex

      2.85 acre mixed-use property with multiple commercial buildings and storage units.
      3600 N Lake Park Ave, Hobart, IN 46342
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    • $99,900
      1.52 Acres

      Hobart Land Package For Sale

      1.52 acres of land package available in Hobart, Indiana.
      3800 Gill St, Hobart, IN 46342
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    • Contact for pricing

      Commercial Outlots in Hobart

      Three separate commercial outlots available for sale or lease.
      140 Lake Park Ave, Hobart, IN 46342
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      7,279 SF

      Hobart Office Space Available

      Prime Hobart location, 620 sq ft office suite.
      904 Old Ridge Rd, Hobart, IN 46342
      View Details
    • $15 SF/Yr
      6,052 SF

      Hobart Office Space for Lease

      Prime Hobart location, 800 sq ft available.
      1265 Lk Park Blvd, Hobart, IN 46342
      View Details
    • $16 SF/Yr
      2,903 SF

      Professional Office Space Available

      Well-maintained office space with high visibility and easy access.
      7779 E Ridge Rd, Hobart, IN 46342
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    • $18 SF/Yr
      3,400 SF

      Office Space in Peoples Bank

      Second floor office space with signage and ample parking.
      1501 S Lake Park Ave, Hobart, IN 46342
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    • $1,500 /Mo
      960 SF

      Hobart Retail/Office Corner Space

      Corner retail/office space in downtown Hobart. Open plan layout.
      347 Main St, Hobart, IN 46342
      View Details
    • $15 SF/Yr

      SR 51 Frontage Office Space

      Office space with high visibility and flexible floor plan.
      1265 S Lk Park Blvd, Hobart, IN 46342
      View Details

    Property Visit Statistics

    • Visits by month
      5.1k
    • Visitors by month
      3.1k
    • Avg Time on site
      10 min
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    1500 Lk Park Ave
    Hobart, IN 46342-6638
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    Realmo Value Estimation

    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.

    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.

    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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