New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Medical Office Space
6850 Hohman Ave, Hammond, IN 46324-1410
Entity Owned
2-yr Hold
Free & Clear
Property ID
US31-1128836
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Construction
WOOD
Total area
11,118 SF
Lot
1.11 ac (48,352 SF)
APN
45-06-12-178-030.000-023
UPID
US31-1128836
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
-
Dr. M. Araba Otoo Physician
-
Dr. Ann K. Williams, MD Ophthalmologist
-
Williams Eye Institute: Williams Douglas P MD Ophthalmologist
-
Blake Williams Ophthalmologist
-
Williams Eye Institute - PEC Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.69M
CAP Approach
CAP
$2.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.91M
Owner & transaction history
Entheos Capital Partners LLC · 2 yrs held
Entheos Capital Partners LLC
since 2023
Last sale
$4.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,935,000
ML approach
$3,690,000
CAP Approach
CAP Return
Estimation
6%
$2,595,000
6.5%
$2,395,000
7%
$2,225,000
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±10% · vs last sale $4.00M (Jul 7 2023)
Last sale anchor
$4.00M
Jul 7 2023
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
$351 / 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
$24,651
Tax year 2022
Assessed value
$670,400
Assessed 2023
Previous assessed
$670,400
+0.0% YoY
Effective rate
3.68%
On assessed value
Assessed land
$71,400
Assessed improvement
$599,000
Land market value
$71,400
Improvement market value
$599,000
Total market value
$670,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Total area
11,118 SF
Lot
1.11 ac (48,352 SF)
APN
45-06-12-178-030.000-023
UPID
US31-1128836
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
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Entheos Capital Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11540 BASS LK RD STE #6, MINNEAPOLIS, MN 55442-1545
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2023
—
Hammond In LLC
—
Deed
related
$141,000,000 · Capital One Bank NA
Jul 7, 2023
—
Entheos Capital Partners LLC
Indiana Land Trust Company
Deed
—
Jul 7, 2023
$4,000,000
Entheos Capital Partners LLC
Indiana Land Trust Company
Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6850 Hohman Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
