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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Retail space
6700 County Line Rd Hobart, IN 46342
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US31-0416959
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
TYPE NOT SPECIFIED
Total area
29,506 SF
Lot
1.4 ac (60,984 SF)
Zoning code
R3
APN
45-13-09-328-017.000-046
UPID
US31-0416959
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$870k
Owner & transaction history
Pmm Hobart LLC · 13 yrs held
Pmm Hobart LLC
since 2013
2 recorded transactions
Zoning & alternative use
R3 · Hobart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
xplanatory matters thereon, is hereby adopted by reference and made a part of this chapter: A-1 Agricultural District. R-1 Single-Fa mily (Large Lot) Residence District. R-2 Single-Family (Small Lot) Residence District. R-3 Single to Four-Family Residence District. R-4 Multiple-Family Residence District. OS-1 / OS-2 Office Service District. B-1 Neighborhood…
Zone name
Single To Four Family
General category
RESIDENTIAL
Zone area
1,707.70 ac
Source
CHAPTER 154: ZONING
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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$29 / 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
$9,203
Tax year 2022
Assessed value
$345,400
Assessed 2023
Previous assessed
$354,200
-2.5% YoY
Effective rate
2.66%
On assessed value
Assessed land
$286,100
Assessed improvement
$59,300
Land market value
$286,100
Improvement market value
$59,300
Total market value
$345,400
Applied tax rate
46.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
29,506 SF
Lot
1.4 ac (60,984 SF)
Zoning code
R3
APN
45-13-09-328-017.000-046
UPID
US31-0416959
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R3 · Hobart, INZoning R3 · permitted uses
R3 · Hobart, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
xplanatory matters thereon, is hereby adopted by reference and made a part of this chapter: A-1 Agricultural District. R-1 Single-Fa mily (Large Lot) Residence District. R-2 Single-Family (Small Lot) Residence District. R-3 Single to Four-Family Residence District. R-4 Multiple-Family Residence District. OS-1 / OS-2 Office Service District. B-1 Neighborhood Business District. B-2 Central Business District. B-3 Highway Oriented Business Dis
Zone name
Single To Four Family
General category
RESIDENTIAL
Zone area
1,707.70 ac
Source
CHAPTER 154: ZONING
Building & site characteristics
From public records
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
1.4 ac
Current owner
From public records · entity-resolved
Pmm Hobart LLC
Entity
Mailing address
1313 WHITE HAWK DR, CROWN POINT, IN 46307-2689
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2013
—
Pmm Hobart LLC
Centier Bk
Grant Deed
$2,250,000 · Centier Bank
Mar 10, 2011
$2,087,034
Centier Bk
Sheriff Of Lake County
Trustees Deed
related
—
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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