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Property profile & analytics
OFF-MARKET
Office Spaces
8085 Randolph St Hobart, IN 46342-7068
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-0031172
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Construction
WOOD
Total area
10,482 SF
Lot
1 ac (43,560 SF)
Zoning code
R33
APN
45-13-21-151-005.000-030
UPID
US31-0031172
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
-
General Insurance Services Insurance Agency
-
Wessler Engineering Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
8085 Randolph Holdings LLC · 2 yrs held
8085 Randolph Holdings LLC
since 2023
Last sale
$205,000
5 recorded transactions
Zoning & alternative use
R33 · Hobart, IN
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 Hobart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hobart 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,533
Tax year 2022
Assessed value
$224,100
Assessed 2023
Previous assessed
$224,100
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$19,900
Assessed improvement
$204,200
Land market value
$19,900
Improvement market value
$204,200
Total market value
$224,100
Applied tax rate
30.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
NONE
Stories
2
Total area
10,482 SF
Lot
1 ac (43,560 SF)
Zoning code
R33
APN
45-13-21-151-005.000-030
UPID
US31-0031172
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R33 · Hobart, IN
Zoning R33 · permitted uses
R33 · Hobart, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hobart. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
NONE
Stories
2
Lot
1 ac
Current owner
From public records · entity-resolved
8085 Randolph Holdings LLC
Entity
Mailing address
57 MICHIGAN AVE STE #101, VALPARAISO, IN 46383-5393
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
—
8085 Randolph Holdings LLC
8085 Randolph St 3 LLC
Warranty Deed
—
Aug 24, 2023
$205,000
8085 Randolph Holdings LLC
8085 Randolph St 3 LLC
Warranty Deed
—
Aug 17, 2023
—
8085 Randolph St 3 LLC
Mark Howard
Warranty Deed
—
Sep 6, 2016
—
Mark R Howard
—
Deed
related
$139,209 · First Cmnty Fin'l Bk
—
—
Mark R Howard
—
Deed Of Trust
related
$139,209 · First Cmnty Fin'l Bk
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.
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