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    Property profile & analytics

    7872 Rdg Rd Hobart, IN 46342-2468

    • Retail space
    • 6,874 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimation
    $450,000
    Location Intelligence
    Property ID
    US31-0772643
    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

    • Advance Auto Parts / Auto Parts Store / Car Accessories Store
    • UPS Access Point location / Shipping And Mailing Service / Mailing Service

    Property Details for 7872 Rdg Rd

    Year built
    2007
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.38 lot acres
    Property size
    6,874 SF
    Zone code
    R33
    Property type
    Retail space
    APN
    45-09-20-476-018.000-045
    APU
    450920476018000045

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $565,000
      6.5%
      $610,000
      7%
      $610,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $565,000
      Geo Method
      $585,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $455,000
      Mixed-Use
      $490,000
      Hospitality
      $565,000
      Educational
      $510,000
      Residential Income
      $440,000
      Energy
      $505,000
      Income-Based Land
      $440,000
      Food Service
      $580,000

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2429
    Latitude
    41.5511
    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
    $25,098
    $79,500
    $520,900
    $600,400
    -
    $79,500
    $520,900
    $600,400

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      661 Main St

      RETAIL STORES (PERSONAL SERVICES) • 12,000 SF
      661 Main St, Hobart, IN 46342-5249
      View Details
    • Value Estimation by Request
      1,992 SF

      3400 Michigan St

      RETAIL STORES (PERSONAL SERVICES) • 1,992 SF
      3400 Michigan St, New Chicago, IN 46342-1125
      View Details
    • Value Estimation
      $545,000
      9,217 SF

      760 Wisconsin St

      RETAIL STORES (PERSONAL SERVICES) • 9,217 SF
      760 Wisconsin St, Hobart, IN 46342-2057
      View Details
    • Value Estimation
      $625,000
      28,473 SF

      1055 37th Ave

      RETAIL STORES (PERSONAL SERVICES) • 28,473 SF
      1055 37th Ave, Hobart, IN 46342-2011
      View Details
    • Value Estimation
      $280,000
      1,800 SF

      2521 37th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      2521 37th Ave, Hobart, IN 46342-1829
      View Details
    • Value Estimation
      $505,000
      8,150 SF

      4700 49th Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,150 SF
      4700 49th Ave, Hobart, IN 46342-3718
      View Details

    Similar Nearby for Sale

    • $599,900
      4,753 SF

      Hobart Restaurant & Bar for Sale

      Prime Hobart location, high traffic, liquor license.
      3700 Montgomery St, Hobart, IN 46342
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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.
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    • Contact for pricing
      16.11 Acres

      Hobart Retail Outlots

      Three prime retail outlots near St. Mary's Medical Center.
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    • $2,153,000

      Retail Property for Sale

      Retail property available for purchase in Hobart, Indiana.
      4651 W 61St Ave, Hobart, IN 46342
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    • $399,900
      0.13 Acres

      Downtown Hobart Retail Gem

      Large retail space, prime location, updated.
      530 3Rd St, Hobart, IN 46342
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    • $475,000
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      Retail Property in Hobart, Indiana

      Retail property with 46,609 sqft space in Hobart, Indiana.
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      View Details

    Similar Nearby for Lease

    • $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
    • $12 SF/Yr
      1,500 SF

      Retail Space in Hobart Center

      Retail space available in The Pavilions of Hobart.
      1417-1461 S Lake Park Ave, Hobart, IN 46342
      View Details
    • Contact for pricing
      5,459 SF

      Retail Space in Hobart, IN

      Retail space for lease with high visibility and ample parking.
      295 S Wisconsin St, Hobart, IN 46342
      View Details
    • $10 SF/Yr
      1,086 SF

      Retail Space in Hobart Center

      Retail space for lease in Pavilions of Hobart.
      190-194 Bracken Pkwy, Hobart, IN 46342
      View Details
    • Contact for pricing
      1,367 SF

      Retail Space in Hobart, Indiana

      Retail spaces available with pylon signage and ample parking.
      1721-1737 E 37Th Ave, Hobart, IN 46342
      View Details
    • $14 SF/Yr
      2,880 SF

      Retail Space in Hobart Center

      Retail space for lease in Pavilions of Hobart.
      1403-1413 Lake Park Ave, Hobart, IN 46342
      View Details
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    Hobart, IN 46342-2468
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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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