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Property profile & analytics
OFF-MARKET
Specialty properties
2400 61st Ave Hobart, IN 46342-6816
Trust Owned
6-yr Hold
Free & Clear
Property ID
US31-1077010
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Lot
5.5 ac (239,580 SF)
Zoning code
R33
APN
45-13-09-200-001.000-028
UPID
US31-1077010
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shirley,heinze Land Trust · 6 yrs held
Shirley,heinze Land Trust
since 2020
Last sale
$500
4 recorded transactions
Zoning & alternative use
R33 · Hobart, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$684
Tax year 2022
Assessed value
$36,200
Assessed 2023
Previous assessed
$31,800
+13.8% YoY
Effective rate
1.89%
On assessed value
Assessed land
$36,200
Land market value
$36,200
Total market value
$36,200
Applied tax rate
28.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Heating
NONE
Lot
5.5 ac (239,580 SF)
Zoning code
R33
APN
45-13-09-200-001.000-028
UPID
US31-1077010
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Hobart, IN
Zoning R33 · permitted uses
R33 · Hobart, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hobart. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
5.5 ac
Current owner
From public records · entity-resolved
Shirley,heinze Land Trust
Trust
Free & Clear · 6 yrs held
Mailing address
109 W 700TH N, VALPARAISO, IN 46385-8581
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2020
—
Shirley,heinze Land Trust
Auditor Of Lake County|hhl Holdings LLC
Tax Deed
related
—
Nov 12, 2013
—
Hhl Holdings LLC
Hhl Properties LLC
Quit Claim Deed
related
—
Apr 16, 2012
$1,500
Hhl Ents LLC
Auditor Of Lake County
Tax Deed
related
—
Nov 14, 2008
—
Pioneer-owl R/e & Invs LLC
Kezy,amy
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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