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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Retail space
1940 165th St Hammond, IN 46320-2809
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-1480293
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Construction
TYPE NOT SPECIFIED
Total area
12,040 SF
Lot
1.42 ac (61,855 SF)
Zoning code
R3
APN
45-07-08-126-011.000-023
UPID
US31-1480293
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
Current use
Occupant on record · Public records
-
Subway Take-out & Catering
-
Alvarez Law Office Law Firm
-
Athletico Physical Therapy - Hammond Physician
-
Arlie Porta Potty Rental Hammond Building Supply
-
Michael J Nikeas Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.58M
Owner & transaction history
Crossroads Young Men S Crstn Assn I · 4 yrs held
Crossroads Young Men S Crstn Assn I
since 2022
5 recorded transactions
Zoning & alternative use
R3 · Hammond, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hammond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hammond 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,935,000
6.5%
$1,785,000
7%
$1,655,000
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±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
$131 / 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
$135,572
Tax year 2022
Assessed value
$2,885,600
Assessed 2023
Previous assessed
$2,017,900
+43.0% YoY
Effective rate
4.70%
On assessed value
Assessed land
$1,043,700
Assessed improvement
$1,841,900
Land market value
$1,043,700
Improvement market value
$1,841,900
Total market value
$2,885,600
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
2
Total area
12,040 SF
Lot
1.42 ac (61,855 SF)
Zoning code
R3
APN
45-07-08-126-011.000-023
UPID
US31-1480293
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R3 · Hammond, IN
Zoning R3 · permitted uses
R3 · Hammond, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hammond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
Crossroads Young Men S Crstn Assn I
Individual
Mailing address
100 W BURRELL DR, CROWN POINT, IN 46307-9040
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
—
Crossroads Young Men S Crstn Assn I
Prairie Common Holdings LLC
Special Warranty Deed
—
Aug 31, 2011
—
Prairie Common Holdings LLC
Woodmar Hammond LLC
Warranty Deed
$1,500,000 · T2 Woodmar LLC
—
—
Prairie Common Holdings LLC
—
Deed Of Trust
related
$450,000 · T2 Woodmar LLC
—
—
Prairie Common Holdings LLC
—
Deed Of Trust
related
$1,625,000 · Standard Insurance Co
—
—
Prairie Common Holdings LLC
—
Deed Of Trust
related
$1,800,000 · T2 Woodmar LLC
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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