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    Property profile & analytics

    8792 Rdg Rd Hobart, IN 46342-2586

    • Office Properties & Spaces
    • 5,620 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimation
    $500,000
    Last Sale
    Aug 28, 2020
    $415,000
    Location Intelligence
    Property ID
    US31-0418353
    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

    • Cox Law Office / Trial Attorney / Personal Injury Attorney
    • Edward Jones - Financial Advisor: Michael Anderson, CFP®|AAMS™ / Investment Service / Finance Broker
    • Accurate Home Health Care / Home Health Care Service
    • Shane Bush, M.D. / Family Practice Physician
    • Bush Family Medicine / Family Practice Physician / Medical Clinic

    Property Details for 8792 Rdg Rd

    Year built
    2000
    Construction
    WOOD
    Lot size
    0.61 lot acres
    Property size
    5,620 SF
    Property type
    Office Properties & Spaces
    APN
    45-09-21-377-013.000-045
    APU
    450921377013000045

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $545,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $450,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $515,000
      Retail
      $435,000
      Mixed-Use
      $445,000
      Hospitality
      $460,000
      Educational
      $385,000
      Residential Income
      $445,000
      Energy
      $400,000
      Income-Based Land
      $480,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Hobart
    County
    Lake
    State
    Indiana
    Longitude
    -87.2318
    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
    $27,194
    $127,300
    $291,500
    $418,800
    -
    $127,300
    $291,500
    $418,800

    Comparable in this City

    • Value Estimation by Request
      527 SF

      534 37th Ave

      OFFICE (GENERAL) • 527 SF
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      1,064 SF

      4400 61st Ave

      OFFICE (GENERAL) • 1,064 SF
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    • Value Estimation by Request
      51,292 SF

      3200 33rd Jay St

      OFFICE (GENERAL) • 51,292 SF
      3200 33rd Jay St, Hobart, IN 46342
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    • Value Estimation by Request
      87,746 SF

      52 Wisconsin St

      OFFICE (GENERAL) • 87,746 SF
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    • Value Estimation by Request
      5,633 SF

      630 County Line Rd

      OFFICE (GENERAL) • 5,633 SF
      630 County Line Rd, Hobart, IN 46342-4707
      View Details
    • Value Estimation
      $370,000
      10,482 SF

      8091 Randolph St

      OFFICE (GENERAL) • 10,482 SF
      8091 Randolph St, Hobart, IN 46342-7068
      View Details

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    Similar Nearby for Lease

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      Prime Hobart location, 620 sq ft office suite.
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      Prime Hobart location, 800 sq ft available.
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      Professional Office Space Available

      Well-maintained office space with high visibility and easy access.
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    • $18 SF/Yr
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      Office Space in Peoples Bank

      Second floor office space with signage and ample parking.
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    • $1,500 /Mo
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      Downtown Hobart Retail/Office Space

      Corner retail/office space in downtown Hobart with high visibility.
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    • $15 SF/Yr

      SR 51 Frontage Office Space

      Office space with high visibility and flexible floor plan.
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      View Details
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    Hobart, IN 46342-2586
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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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