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    Property profile & analytics

    651 3rd St Hobart, IN 46342-4419

    • Office Properties & Spaces
    • 1,560 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US31-0430963
    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.

    Current Use by Public Records

    • nwi volunteer lawyers / Legal Services
    • William J. Longer - Family, Probate, & Real Estate Attorney / Attorney
    • Hallett Denise M / Attorney
    • Hallett Law Office / Attorney
    • Hallett Thomas P / Attorney

    Property Details for 651 3rd St

    Year built
    1862
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    1,560 SF
    Property type
    Office Properties & Spaces
    APN
    45-09-32-177-011.000-018
    APU
    450932177011000018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $305,000
      6.5%
      $285,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $320,000
      Mixed-Use
      $255,000
      Hospitality
      $260,000
      Educational
      $315,000
      Residential Income
      $255,000
      Energy
      $330,000
      Income-Based Land
      $295,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2529
    Latitude
    41.5324
    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
    2022
    $4,644
    $12,900
    $125,800
    $138,700
    -
    $12,900
    $125,800
    $138,700

    Comparable in this City

    • Value Estimation by Request
      5,260 SF

      51 Lk Park Ave

      OFFICE (GENERAL) • 5,260 SF
      51 Lk Park Ave, Hobart, IN 46342
      View Details
    • Value Estimation by Request
      12,954 SF

      401 Huber Blvd

      OFFICE (GENERAL) • 12,954 SF
      401 Huber Blvd, Hobart, IN 46342-1106
      View Details
    • Value Estimation
      $315,000
      7,436 SF

      101 3rd St

      OFFICE (GENERAL) • 7,436 SF
      101 3rd St, Hobart, IN 46342-4308
      View Details
    • Value Estimation
      $245,000
      880 SF

      655 3rd St

      OFFICE (GENERAL) • 880 SF
      655 3rd St, Hobart, IN 46342-4419
      View Details
    • Value Estimation
      $260,000
      1,450 SF

      626 3rd St

      OFFICE (GENERAL) • 1,450 SF
      626 3rd St, Hobart, IN 46342-4420
      View Details
    • Value Estimation
      $480,000
      12,563 SF

      2109 57th Ave

      OFFICE (GENERAL) • 12,563 SF
      2109 57th Ave, Hobart, IN 46342-5629
      View Details

    Similar Nearby for Sale

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      24-acre mixed-use property with hangars, storage, and residential space.
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      Expansive Land Parcel in Hobart

      160-acre land parcel in a growing Northwest Indiana area.
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      Retail Property for Sale

      Retail property available for purchase in Hobart, Indiana.
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    Similar Nearby for Lease

    • $17 SF/Yr
      7,279 SF

      Hobart Office Space Available

      Prime Hobart location, 620 sq ft office suite.
      904 Old Ridge Rd, Hobart, IN 46342
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    • $15 SF/Yr
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      Hobart Office Space for Lease

      Prime Hobart location, 800 sq ft available.
      1265 Lk Park Blvd, Hobart, IN 46342
      View Details
    • $16 SF/Yr
      2,903 SF

      Professional Office Space Available

      Well-maintained office space with high visibility and easy access.
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      View Details
    • $18 SF/Yr
      3,400 SF

      Office Space in Peoples Bank

      Second floor office space with signage and ample parking.
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    • $1,500 /Mo
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      Downtown Hobart Retail/Office Space

      Corner retail/office space in downtown Hobart with high visibility.
      347 Main St, Hobart, IN 46342
      View Details
    • $15 SF/Yr

      SR 51 Frontage Office Space

      Office space with high visibility and flexible floor plan.
      1265 S Lk Park Blvd, Hobart, IN 46342
      View Details
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    Hobart, IN 46342-4419
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    Realmo Value Estimation

    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.

    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.

    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
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