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    Property profile & analytics

    7940 New Jersey Ave Hammond, IN 46323-3039

    • Warehouses
    • 33,048 SF
    • 1.32 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 11, 2023
    Location Intelligence
    Property ID
    US31-0857497
    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

    • Big End Performance / Car Repair And Maintenance Service
    • Meyer Distributing / Distribution Service

    Property Details for 7940 New Jersey Ave

    Year built
    1976
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.32 lot acres
    Property size
    33,048 SF
    Property type
    Warehouses
    APN
    45-07-15-451-015.000-023
    APU
    450715451015000023

    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
    -87.4397
    Latitude
    41.5697
    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
    $60,912
    $110,200
    $1,554,600
    $1,664,800
    -
    $110,200
    $1,554,600
    $1,664,800

    Comparable in this City

    • Value Estimation
      $440,000
      2,320 SF

      3102 169th St

      WAREHOUSE, STORAGE • 2,320 SF
      3102 169th St, Hammond, IN 46323
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    • Value Estimation
      $370,000
      8,000 SF

      7947 Nevada Ave

      WAREHOUSE, STORAGE • 8,000 SF
      7947 Nevada Ave, Hammond, IN 46323
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    • Value Estimation by Request
      54,107 SF

      3100 Michigan St

      WAREHOUSE, STORAGE • 54,107 SF
      3100 Michigan St, Hammond, IN 46323-1268
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    • Value Estimation by Request
      95,352 SF

      2825 J.f. Mahoney Dr

      Refrigerated & Cold Storages • 95,352 SF
      2825 J.f. Mahoney Dr, Hammond, IN 46323
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    • Value Estimation by Request
      37,008 SF

      3027 3031st J F Mahoney Dr

      WAREHOUSE, STORAGE • 37,008 SF
      3027 3031st J F Mahoney Dr, Hammond, IN 46323
      View Details
    • Value Estimation by Request
      37,784 SF

      7920 Maryland Ave

      WAREHOUSE, STORAGE • 37,784 SF
      7920 Maryland Ave, Hammond, IN 46323-2759
      View Details

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      Kennedy Avenue Land Opportunity

      Land available on Kennedy Avenue in Hammond, Indiana.
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    • $320,000
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      one bedroom apt

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    • Contact for pricing
      Pending

      Residential Land Near Amenities

      Unimproved land near shopping, schools, and restaurants in Hammond, Indiana.
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    7940 New Jersey Ave
    Hammond, IN 46323-3039
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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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