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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
4440 61st Ave Hobart, IN 46342-6472
Entity Owned
4-yr Hold
Free & Clear
Property ID
US31-3512674
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2022
Construction
TYPE NOT SPECIFIED
Total area
4,180 SF
Lot
1.1 ac (47,916 SF)
Zoning code
R33
APN
45-12-02-352-010.000-018
UPID
US31-3512674
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
-
Luke Gas Station
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
City Of Hobart · 4 yrs held
City Of Hobart
since 2022
6 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
$3,019
Tax year 2022
Assessed value
$804,200
Assessed 2023
Previous assessed
$89,200
+801.6% YoY
Effective rate
0.38%
On assessed value
Assessed land
$377,400
Assessed improvement
$426,800
Land market value
$377,400
Improvement market value
$426,800
Total market value
$804,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2022
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
4,180 SF
Lot
1.1 ac (47,916 SF)
Zoning code
R33
APN
45-12-02-352-010.000-018
UPID
US31-3512674
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
Year built
2022
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
City Of Hobart
Entity
Free & Clear · 4 yrs held
Mailing address
3592 N HOBART RD, HOBART, IN 46342-1442
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
—
City Of Hobart
Luke Land LLC
Warranty Deed
—
Mar 4, 2022
—
Luke Land LLC
Bailiwyck Properties LLC
Warranty Deed
—
Jul 24, 2015
—
Bailiwyck Properties LLC
Whcc LLC
Grant Deed
$72,000 · State Bk/davis
Feb 1, 2013
—
Whcc LLC
61st Avenue Investments LLC
Warranty Deed
—
Dec 22, 2004
—
61st Avenue Investments LLC
Earls Heating & Air Condition
Warranty Deed
$247,500 · Citizens Financial Svcs Fsb
Mar 9, 2004
—
Heating Earls
—
Trustees Deed
related
$30,500 · Centier 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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