Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3100 Sheffield Ave Hammond, IN 46327-1044
    Back to Search
    Property profile & analytics

    3100 Sheffield Ave, Hammond, IN 46327-1044

    View on Map
    • Commercial real estate
    • 0.22 lot acres
    Off-Market
    Last Sale Jun 7, 2024
    Property ID
    US31-2519571
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pinkerton Oil Co / Oilfield
    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Bulls Den / Restaurant / Take-out & Catering
    • BAM Recovery / Corporate Office
    • SIMPLICITY DETAIL & RESTYLING LLC / Auto Repair Shop / Auto Parts Store

    Property Details for 3100 Sheffield Ave

    Year built
    1997
    Lot size
    0.22 lot acres
    Property type
    Commercial real estate
    APN
    45-02-13-453-005.000-023
    APU
    450213453005000023

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 7, 2024 — Vessel For Good LLC Auto Everything INC Warranty Deed —
    Sep 29, 2023 — The Lamar Companies Sigmund & Karen Kil Living Trust Lease —
    Apr 4, 2023 — Auto Everything INC Sigmund W Kil Deed $319k · Peoples Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.5146
    Latitude
    41.6547
    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
    2023
    $1,955
    $39,700
    $1,200
    $40,900
    -
    $39,700
    $1,200
    $40,900

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      424 Gostlin St

      COMMERCIAL (GENERAL)
      424 Gostlin St, Hammond, IN 46327-1362
      View Details
    • Value Estimation by Request
      1.94 Acres

      4451 Magnolia Ave

      COMMERCIAL (GENERAL)
      4451 Magnolia Ave, Hammond, IN 46327
      View Details
    • Value Estimation by Request
      4,800 SF

      4605 Cedar Ave, Unit 7

      COMMERCIAL (GENERAL)
      4605 Cedar Ave, Hammond, IN 46327-1613
      View Details
    • Value Estimation
      $695,000
      18,700 SF

      725 Chicago St

      COMMERCIAL (GENERAL)
      725 Chicago St, Hammond, IN 46327-1617
      View Details
    • Value Estimation by Request
      4,100 SF

      951 Chicago St

      COMMERCIAL (GENERAL)
      951 Chicago St, Hammond, IN 46327-1633
      View Details
    • Value Estimation by Request
      4,160 SF

      1720-22 Indianapolis Blvd

      COMMERCIAL (GENERAL)
      1720-22 Indianapolis Blvd, Hammond, IN 46327
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.22 Acres

      Residential Land in Established Neighborhood

      Land parcel for building a home with utilities available.
      4609 Sheffield Ave, Hammond, IN 46327
      View Details
    • $335,000
      0.21 Acres

      Two Homes on One Property

      Unique property with two homes, ideal for investment or related living.
      246 142Nd St, Hammond, IN 46327
      View Details
    • Contact for pricing
      0.19 Acres

      Hammond, IN Vacant Land

      Vacant corner double lot suitable for single-family or duplex.
      4304 Dearborn Ave, Hammond, IN 46327
      View Details
    • $700,000
      0.14 Acres

      Hammond Land Redevelopment Opportunity

      Prime land parcels in high-traffic Hammond commercial zone for sale.
      4514 Calumet Ave, Hammond, IN 46327
      View Details
    • $400,000
      10,528 SF

      Hammond Industrial Warehouse For Sale

      10,528 SF industrial warehouse in Hammond, Indiana for sale.
      4723 Baltimore Ave, Hammond, IN 46327
      View Details
    • $765,000

      Hammond Warehouse with Fenced Lot

      8,833 SF warehouse with fenced lot and six drive-in doors.
      741 Hoffman St, Hammond, IN 46327
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Space

      66,000 SqFt industrial space available for single tenant occupancy.
      141 141St St, Hammond, IN 46327
      View Details
    • Contact for pricing

      Hammond Land for Lease

      Fenced and secure land suitable for intermodal or truck yard.
      4803 Hohman Ave, Hammond, IN 46327
      View Details
    • $7 SF/Yr

      Bonded Warehouse Sublease with Heavy Power

      Bonded facility offering 18-foot clear height, trailer parking, and multiple loading doors for adaptable industrial storage and distribution.
      3200 Sheffield Ave, Hammond, IN 46327
      View Details
    • Contact for pricing

      Truck Repair Facility with I-90 Frontage

      3,072 SF truck repair facility on 2.6 acres for lease.
      3100 Sheffield Ave, Hammond, IN 46327
      View Details
    • Contact for pricing

      Retail Space Near Hammond Sportsplex

      3,065 SF retail space near sports complex and YMCA.
      6702 Indianapolis Blvd, Hammond, IN 46327
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3100 Sheffield Ave
    Hammond, IN 46327-1044
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3100 Sheffield Ave, Hammond, IN, 46327
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!