Financial
Distress signals
Property profile

904 W Old Ridge Rd Hobart, IN 46342

FOR LEASE
Office Spaces
Property ID
US31-1057014
7,279 SF 0.5 ac lot Built 1964
Last sale Jul 2022 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This single-story, 7,279 square foot Class B office building, constructed in 1964, is situated on a 0.47-acre lot at the corner of W Old Ridge Road and N California Street in Hobart, Indiana. The property features a total of 25 parking spaces and is zoned OS-1. Currently, one suite of 620 square feet is available for lease, representing a portion of the building's total 3 suites. The minimum leasable space is 620 square feet, which is also the maximum contiguous space currently available.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$329k
Assessed land$109k
Assessed improvement$220k
Effective rate2.95%

Value estimate

· Sep 2026
$245k
$221k – $270k
AI approach$245k
NOI build-up
Gross scheduled income$102k
Vacancy & credit loss−$22k
Operating expenses−$20k
NOI · 361,321.21% cap applied$60k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$64/SF
County average, outlier-cleaned · 100 recorded sales of this use type
Observed band · Q1–Q3$25 – $119
Qualifying comparables10

Cap rate analysis

How does the asset earn?
361,321.21%
$60k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.6
Hair Salon10.7
Spa & Massage10.4

Location

904 W Old Ridge Rd Hobart, IN 46342
County assessor Recorded deeds · 6 transfers 10 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1310 Wisconsin, Hobart, IN 46342-5502 $4,000,000 Aug 2024 16,300 SF
8085 Randolph, Hobart, IN 46342-7068 $205,000 Aug 2023 10,482 SF
341 Main, Hobart, IN 46342-4441 $96,900 Apr 2021 1,480 SF
8006 Aetna, Hobart, IN 46342 $870,000 Mar 2021 5,170 SF
8792 Rdg, Hobart, IN 46342-2586 $415,000 Aug 2020 5,620 SF
150 3rd, Hobart, IN 46342-4356 $29,000 Jun 2019 2,630 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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