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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Warehouses
201 Hobart Rd Hobart, IN 46342
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0415354
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Construction
WOOD
Total area
6,030 SF
Lot
1.87 ac (81,457 SF)
Zoning code
R33
APN
45-09-33-101-005.000-018
UPID
US31-0415354
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
$440k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$605k
Owner & transaction history
Indiana Storage Hobart LLC · 12 yrs held
Indiana Storage Hobart LLC
since 2013
3 recorded transactions
Zoning & alternative use
R33 · Hobart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
CHAPTER 154: ZONING
Top alternative use upside
Retail stores
$460,000
+1.8%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$450,000
Current use
RETAIL STORES
$460,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$385,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$100 / 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
$33,558
Tax year 2022
Assessed value
$1,037,300
Assessed 2023
Previous assessed
$991,500
+4.6% YoY
Effective rate
3.24%
On assessed value
Assessed land
$293,600
Assessed improvement
$743,700
Land market value
$293,600
Improvement market value
$743,700
Total market value
$1,037,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
NONE
Buildings
6
Stories
1
Total area
6,030 SF
Lot
1.87 ac (81,457 SF)
Zoning code
R33
APN
45-09-33-101-005.000-018
UPID
US31-0415354
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Hobart, INZoning R33 · permitted uses
R33 · Hobart, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 154: ZONING
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$450,000
RETAIL STORES
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$385,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1995
Construction
WOOD
Heating
NONE
Stories
1
Buildings
6
Lot
1.87 ac
Current owner
From public records · entity-resolved
Indiana Storage Hobart LLC
Entity
Free & Clear · 12 yrs held
Mailing address
7300 N CICERO AVE STE #201, LINCOLNWOOD, IL 60712-1695
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2018
—
Indiana Storage Hobart LLC
—
Grant Deed
related
$6,280,000 · Starwood Mtg Cap
Dec 30, 2013
—
Indiana Storage Hobart LLC
Han Ents LLC
Grant Deed
—
Jan 18, 2012
—
Han Ents LLC
Richards,james G & Audrey J
Warranty Deed
$740,625 · Peoples Bank
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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