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    Property profile & analytics

    7740 Corinne Dr Hammond, IN 46323-3128

    • Hotels
    • 55,656 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 03, 2021
    Location Intelligence
    Property ID
    US31-0747370
    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

    • 7740 Corinne Drive Parking / Parking Lot
    • Residence Inn Chicago Southeast/Hammond, IN / Extended Stay Hotel / Hotel

    Property Details for 7740 Corinne Dr

    Year built
    1997
    Construction
    WOOD
    Lot size
    1.99 lot acres
    Property size
    55,656 SF
    Zone code
    R3
    Property type
    Hotels
    Property subtype
    Motels
    APN
    45-07-16-326-006.000-023
    APU
    450716326006000023

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.4637
    Latitude
    41.5726
    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
    $253,557
    $1,723,800
    $5,261,800
    $6,985,600
    -
    $1,723,800
    $5,261,800
    $6,985,600

    Comparable in this City

    • Value Estimation by Request
      42,886 SF

      7730 Corinne Dr

      HOTEL/MOTEL • 42,886 SF
      7730 Corinne Dr, Hammond, IN 46323-3128
      View Details
    • Value Estimation
      $335,000
      9,152 SF

      6110 Kennedy Ave

      HOTEL/MOTEL • 9,152 SF
      6110 Kennedy Ave, Hammond, IN 46323-1044
      View Details
    • Value Estimation by Request
      3,881 SF

      2217 Tanglewood Dr

      HOTEL/MOTEL • 3,881 SF
      2217 Tanglewood Dr, Hammond, IN 46323-1318
      View Details
    • Value Estimation by Request
      83,223 SF

      3830 179th St

      HOTEL/MOTEL • 83,223 SF
      3830 179th St, Hammond, IN 46323-3035
      View Details
    • Value Estimation by Request
      46,000 SF

      3840 179th St

      HOTEL/MOTEL • 46,000 SF
      3840 179th St, Hammond, IN 46323-3035
      View Details
    • Value Estimation by Request
      79,169 SF

      2842 Carlson Dr

      HOTEL/MOTEL • 79,169 SF
      2842 Carlson Dr, Hammond, IN 46323-1182
      View Details

    Similar Nearby for Sale

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      Hammond Strip Mall Investment Opportunity

      High-Visibility, Two-Unit Commercial Property with Expansion Potential
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      Hammond Church and Parsonage For Sale

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    • $1,000,000
      4,366 SF

      Turnkey Restaurant with Income Potential

      Operating restaurant and bar on a .62-acre lot.
      6247 Kennedy Ave, Hammond, IN 46323
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    • Contact for pricing
      0.12 Acres

      Hammond Land Ready For Development

      5,040 sq ft lot ready for your dream build.
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    • Contact for pricing
      0.13 Acres

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    Hammond, IN 46323-3128
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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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