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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Manufacturing properties
622 Main St, Hebron, IN 46341-8903
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-1032645
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2011
Construction
WOOD
Total area
15,120 SF
Lot
1.61 ac (70,132 SF)
APN
64-14-15-426-009.000-002
UPID
US31-1032645
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
$925k
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$980k
Owner & transaction history
B&b Buildings LLC · 3 yrs held
B&b Buildings LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+71.7%
Commercial (general)
$1.4M
+47.4%
Restaurant
$1.1M
+20.3%
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 Hebron submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hebron 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%
$1,000,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$935,000
Current use
RETAIL STORES
$1,600,000
Change: +72% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,375,000
Change: +47% · Conversion: Difficult
RESTAURANT
$1,125,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,075,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$895,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$65 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,328
Tax year 2023
Assessed value
$686,700
Assessed 2023
Previous assessed
$686,700
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$56,400
Assessed improvement
$630,300
Land market value
$56,400
Improvement market value
$630,300
Total market value
$686,700
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2011
Construction
WOOD
Heating
OTHER
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
15,120 SF
Lot
1.61 ac (70,132 SF)
APN
64-14-15-426-009.000-002
UPID
US31-1032645
Jurisdiction
PORTER
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
INDUSTRIAL (GENERAL) Current
Est. value
$935,000
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$895,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2011
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
B&b Buildings LLC
Entity
Mailing address
616 S MAIN STA, HEBRON, IN 46341-8904
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2023
—
B&b Buildings LLC
Harry A Hruska
Special Warranty Deed
$1,926,000 · American Community Bank
Dec 29, 2009
—
Harry A Hruska
Smith,s Patricia
Warranty Deed
—
Oct 13, 2009
—
Scott Klockow
Hsbc Mtg Svcs INC
Grant Deed
—
Apr 14, 2009
$54,188
Hsbc Mtg Svcs INC
Sheriff Of Porter County
Trustees Deed
related
—
Jul 20, 2006
—
George Vargas
Trust 6800-lt
Grant Deed
$84,900 · Oak Street Mortgage LLC
Feb 21, 2006
—
Land Trust 6800lt
First Franklin Mtg Trust 2003-ff1
Grant Deed
related
—
—
—
Mercantile Natl Bk Of In 6800-lt
—
Deed Of Trust
related
$65,200 · First National Bank Illinois
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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