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Property profile & analytics
OFF-MARKET
Estimated value
$16,560,000
Office Spaces
4925 Sohl Ave Hammond, IN 46327-1578
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-0374145
Property summary
AI-generated overview
This exceptional executive office building, located at 4925 Sohl Avenue in Hammond, Indiana, presents a significant opportunity for a single tenant seeking expansive space. The property boasts a substantial 266,475 square feet of vacant office space, all within a single tenancy. Situated on a generous 15.7-acre lot, the building offers ample parking and room for expansion or future development. The impressive 40-foot ceiling height provides a sense of grandeur and flexibility for various office configurations. The building is equipped with robust power capabilities, featuring 2,400 amps at 480 volts, ensuring sufficient power for even the most demanding operations. The property's location in Hammond, Lake County, Indiana, offers convenient access to major transportation routes and amenities. The property's APN numbers are 45-02-36-227-001.000-023
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1967
Construction
TYPE NOT SPECIFIED
Total area
148,696 SF
Lot
13.89 ac (605,048 SF)
APN
45-02-36-227-001.000-023
UPID
US31-0374145
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
-
City Baptist High School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.65M
Comparable Approach
Comparable
$11.49M
Blend (final)
Blend
$16.56M
Owner & transaction history
For Generations To Come INC · 1 yrs held
For Generations To Come INC
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.3M
+47.5%
Warehouse, storage
$11.1M
+44.9%
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 Hammond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hammond 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%
$24,535,000
6.5%
$22,650,000
7%
$21,030,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,290,000
Change: +48% · Conversion: Easy
WAREHOUSE, STORAGE
$11,090,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$16.56M
Range $14.90M – $18.22M · ±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
$111 / 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
$257,320
Tax year 2022
Assessed value
$5,383,600
Assessed 2023
Previous assessed
$5,493,700
-2.0% YoY
Effective rate
4.78%
On assessed value
Assessed land
$1,303,400
Assessed improvement
$4,080,200
Land market value
$1,303,400
Improvement market value
$4,080,200
Total market value
$5,383,600
Applied tax rate
23.0000
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
1967
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
148,696 SF
Lot
13.89 ac (605,048 SF)
APN
45-02-36-227-001.000-023
UPID
US31-0374145
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$11.3M
WAREHOUSE, STORAGE
Est. value
$11.1M
RETAIL STORES
WAREHOUSE, STORAGE
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
1967
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
13.89 ac
Current owner
From public records · entity-resolved
For Generations To Come INC
Entity
Free & Clear · 1 yrs held
Mailing address
523 SIBLEY ST, HAMMOND, IN 46320-1608
Ownership since
2025
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
Feb 10, 2026
—
For Generations To Come INC
—
Deed
related
$2,500,000 · Old Plank Trail Community Bank NA
Aug 8, 2025
—
For Generations To Come INC
First Baptist Church Of Hammond In
Warranty Deed
—
Sep 2, 2005
—
First Baptist Ch Of Hammond
School City Of Hammond
Grant Deed
related
—
Jun 21, 2005
—
First Baptist Ch Of Hammond INC
School City Of Hammond Indiana
Warranty Deed
$1,850,000 · Shorebank
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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