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    Property profile & analytics

    703 Hobart Rd Hobart, IN 46342-2480

    • Office Properties & Spaces
    • 4,348 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Last Sale
    Aug 22, 2023
    Location Intelligence
    Property ID
    US31-0635258
    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

    • Kenneth West American Family Insurance / Insurance Agency
    • American Family Insurance / Insurance Agency / Auto Insurance Agency

    Property Details for 703 Hobart Rd

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.30 lot acres
    Property size
    4,348 SF
    Property type
    Office Properties & Spaces
    APN
    45-09-28-101-009.000-018
    APU
    450928101009000018

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2402
    Latitude
    41.549
    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
    $6,725
    $63,200
    $135,600
    $198,800
    -
    $63,200
    $135,600
    $198,800

    Comparable in this City

    • Value Estimation by Request
      4,758 SF

      36 8th St

      OFFICE (GENERAL) • 4,758 SF
      36 8th St, Hobart, IN 46342-5144
      View Details
    • Value Estimation by Request
      3,570 SF

      3250 Michigan St

      OFFICE (GENERAL) • 3,570 SF
      3250 Michigan St, New Chicago, IN 46342-1172
      View Details
    • Value Estimation by Request
      91,427 SF

      233 10th St

      OFFICE (GENERAL) • 91,427 SF
      233 10th St, Hobart, IN 46342
      View Details
    • Value Estimation by Request
      12,617 SF

      7498 Grand Blvd

      OFFICE (GENERAL) • 12,617 SF
      7498 Grand Blvd, Hobart, IN 46342-6634
      View Details
    • Value Estimation
      $190,000
      2,630 SF

      150 3rd St

      OFFICE (GENERAL) • 2,630 SF
      150 3rd St, Hobart, IN 46342-4356
      View Details
    • Value Estimation
      $415,000
      3,358 SF

      4728 61st Ave

      OFFICE (GENERAL) • 3,358 SF
      4728 61st Ave, Hobart, IN 46342-6478
      View Details

    Similar Nearby for Sale

    • $249,900
      0.44 Acres

      Hobart Office Building - Huge Potential

      Affordable Office Building, 3000+ sq ft, 0.44 acre lot
      7553 Ridge Rd, Hobart, IN 46342
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    • $425,000
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      Hobart Office Building For Sale

      Prime Hobart Office, High Visibility
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    • $299,000
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      Remodeled Retail/Office Space in Hobart

      Newly remodeled commercial property in downtown Hobart near Lake George.
      301 Center St, Hobart, IN 46342
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    • $600,000
      21,957 SF

      Hobart Mixed-Use Business Complex

      2.85 acre mixed-use property with multiple commercial buildings and storage units.
      3600 N Lake Park Ave, Hobart, IN 46342
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    • $99,900
      1.52 Acres

      Hobart Land Package For Sale

      1.52 acres of land package available in Hobart, Indiana.
      3800 Gill St, Hobart, IN 46342
      View Details
    • Contact for pricing

      Commercial Outlots in Hobart

      Three separate commercial outlots available for sale or lease.
      140 Lake Park Ave, Hobart, IN 46342
      View Details

    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
      View Details
    • $15 SF/Yr
      6,052 SF

      Hobart Office Space for Lease

      Prime Hobart location, 800 sq ft available.
      1265 Lk Park Blvd, Hobart, IN 46342
      View Details
    • $1,500 /Mo
      960 SF

      Downtown Hobart Retail/Office Space

      Corner retail/office space in downtown Hobart with high visibility.
      347 Main St, 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.
      7779 E Ridge Rd, Hobart, IN 46342
      View Details
    • $18 SF/Yr
      3,400 SF

      Office Space in Peoples Bank

      Second floor office space with signage and ample parking.
      1501 S Lake Park Ave, 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 46342-2480
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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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