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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Office Spaces
480 61st Ave Hobart, IN 46342-6448
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-0024517
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
WOOD
Total area
7,266 SF
Lot
0.38 ac (16,553 SF)
Zoning code
R33
APN
45-13-06-404-005.000-018
UPID
US31-0024517
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
-
ABC Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$866k
Blend (final)
Blend
$915k
Owner & transaction history
David Tasch · 5 yrs held
David Tasch
since 2021
7 recorded transactions
Zoning & alternative use
R33 · Hobart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$550,000
+19.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,200,000
6.5%
$1,105,000
7%
$1,030,000
Alternative Use
Use
Estimation
RETAIL STORES
$550,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$126 / 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
$25,652
Tax year 2022
Assessed value
$759,900
Assessed 2023
Previous assessed
$757,900
+0.3% YoY
Effective rate
3.38%
On assessed value
Assessed land
$79,800
Assessed improvement
$680,100
Land market value
$79,800
Improvement market value
$680,100
Total market value
$759,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,266 SF
Lot
0.38 ac (16,553 SF)
Zoning code
R33
APN
45-13-06-404-005.000-018
UPID
US31-0024517
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$550,000
RETAIL STORES
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
1999
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
David Tasch
Individual
Mailing address
4680 MIMOSA PL UNIT #804, COCONUT CREEK, FL 33073-3371
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
—
David Tasch
Jamieco INC
Corporation Deed
—
Nov 12, 2020
—
Tasch,david Tr
David Tasch
Quit Claim Deed
related
—
Nov 26, 2019
—
Jamieco INC
—
Deed
related
$196,972 · First Financial Bank
Aug 28, 2019
—
Jamieco INC
—
Deed
related
$17,000 · First Financial Bank
Oct 19, 2016
—
Jamieco INC
—
Deed
related
$216,000 · First Financial Bank NA
Nov 22, 2013
$6,600
City Of Hobart
Jamieco INC
Warranty Deed
—
Mar 24, 2004
—
Abc Academy
Goldberg,gary A
Warranty Deed
$540,000 · Sand Ridge Bank
—
—
Abc Academy
—
Deed Of Trust
related
$35,000 · Sand Ridge Bank
—
—
Abc Academy
—
Deed Of Trust
related
$30,500 · Sand Ridge Bank
—
—
Abc Academy
—
Deed Of Trust
related
$272,000 · First Financial Bank NA
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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