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    For Sale (37)

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    Waterfront Land Ready For Development
    $699,900
    0.25 Acres

    Waterfront Land Ready For Development

    Pristine homesite on an all-sports lake near Chicago.

    13043 Polk St, Cedar Lake, IN 46303
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    Hammond Land Near Purdue University
    Contact for pricing
    0.10 Acres

    Hammond Land Near Purdue University

    Land near amenities and Purdue University in Hammond, Indiana.

    1114 167Th St, Hammond, IN 46324
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    Creative Commercial Space in Cedar Lake
    $649,500
    1,923 SF

    Creative Commercial Space in Cedar Lake

    Innovative commercial space designed to inspire and foster business growth.

    9603 W 133Rd Ave, Cedar Lake, IN 46303
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    Lakefront Access Home Site
    Contact for pricing
    0.15 Acres

    Lakefront Access Home Site

    Residential land with lakefront park access, room for boat.

    8604 W 139Th Ave, Cedar Lake, IN 46303
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    Residential Lot in Offshore Estates
    $100,000
    0.26 Acres

    Residential Lot in Offshore Estates

    Premium lot ready for construction in a desirable Cedar Lake subdivision.

    13526 Bch Pl, Cedar Lake, IN 46303
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    Unique Income-Generating Retreat Opportunity
    $749,900
    3,552 SF

    Unique Income-Generating Retreat Opportunity

    5-acre property with owner's residence and income-generating units.

    2549 E 1100 N, Demotte, IN 46310
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    Wheatfield Land with Subdivision Potential
    $63,900
    2.02 Acres

    Wheatfield Land with Subdivision Potential

    Land in a subdivision with wooded and cul-de-sac lots.

    11288 Pleasant Grove Dr, Wheatfield, IN 46392
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    Cedar Lake Premium Home Site
    $149,900
    0.32 Acres

    Cedar Lake Premium Home Site

    Premium home site with boat slip near Cedar Lake.

    14620 Bryan St, Cedar Lake, IN 46303
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    Commercial Land in Cedar Lake
    $450,000
    2.35 Acres

    Commercial Land in Cedar Lake

    2.34-acre commercial development opportunity in a growing area.

    13500 Morse St, Cedar Lake, IN 46303
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    Wooded Lot in Beverly Woods
    $59,900
    1.00 Acre

    Wooded Lot in Beverly Woods

    One-acre wooded lot ready for your dream home.

    3380 Rachel Ln, Wheatfield, IN 46392
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    Highland, IN Land Available
    $250,000
    5.49 Acres

    Highland, IN Land Available

    5.49 acres of land near Highland amenities.

    8505 Juniper Rear Trl, Highland, IN 46322
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    Hebron Land with Garage
    $299,000
    10.16 Acres

    Hebron Land with Garage

    10 acres with garage, ready for your dream home.

    519 W 650 S, Hebron, IN 46341
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    Residential Land in Valparaiso, IN
    $72,000
    0.16 Acres

    Residential Land in Valparaiso, IN

    Land for sale in a desirable Valparaiso neighborhood.

    1109 Lafayette St, Valparaiso, IN 46383
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    Wheatfield Land for Residential Development
    $55,900
    1.01 Acres

    Wheatfield Land for Residential Development

    Residential land in Wheatfield, Indiana, with convenient access to amenities.

    11222 Pleasant Grove Dr, Wheatfield, IN 46392
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    Wooded Land with Stone Driveway
    $199,900
    17.00 Acres

    Wooded Land with Stone Driveway

    Seventeen acres of wooded land ready for your dream home.

    County Road 400 N, Rensselaer, IN 47978
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    Wheatfield Land for Sale
    $49,900
    1.05 Acres

    Wheatfield Land for Sale

    Residential land in Wheatfield, Indiana, with lots from 1-2 acres.

    11271 Pleasant Grove Dr, Wheatfield, IN 46392
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    Wheatfield Land for Sale
    $55,900
    1.02 Acres

    Wheatfield Land for Sale

    Residential land in a desirable Wheatfield subdivision with acre lots.

    11138 Woodcrest Pl, Wheatfield, IN 46392
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    Land in Wheatfield, Indiana
    $55,900
    1.03 Acres

    Land in Wheatfield, Indiana

    Residential land for sale in Jasper County, Indiana.

    11219 Pleasant Grove Dr, Wheatfield, IN 46392
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    Hobart Commercial Property For Sale
    $1,299,900
    17,500 SF

    Hobart Commercial Property For Sale

    2.3 acres with two buildings suitable for various uses.

    939 S Wisconsin St, Hobart, IN 46342
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    La Porte Commercial Opportunity
    $298,000
    3,643 SF

    La Porte Commercial Opportunity

    Versatile commercial property in downtown La Porte, Indiana.

    107 Lincolnway, La Porte, IN 46350
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    Land in Wheatfield, Indiana
    $52,900
    1.02 Acres

    Land in Wheatfield, Indiana

    Residential land for sale in Jasper County, Indiana.

    11022 Pleasant Grove Dr, Wheatfield, IN 46392
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    Land in Wheatfield, Indiana
    $52,900
    1.17 Acres

    Land in Wheatfield, Indiana

    Residential land for sale in Jasper County, Indiana.

    11038 Pleasant Grove Dr, Wheatfield, IN 46392
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    Valparaiso Duplex Investment Opportunity
    $385,000
    0.21 Acres

    Valparaiso Duplex Investment Opportunity

    Duplex in downtown Valparaiso with income potential.

    507 Franklin St, Valparaiso, IN 46383
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    Wheatfield Land for Residential Development
    $55,900
    1.00 Acres

    Wheatfield Land for Residential Development

    Residential land in Wheatfield, Indiana, with lots from 1-2 acres.

    11180 Woodcrest Dr, Wheatfield, IN 46392
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    Wheatfield Land For Sale
    $55,900
    1.12 Acres

    Wheatfield Land For Sale

    Residential land in Wheatfield, Indiana, with lots from 1-2 acres.

    11133 Pleasant Grove Dr, Wheatfield, IN 46392
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    Wheatfield Land for Residential Development
    $52,900
    1.27 Acres

    Wheatfield Land for Residential Development

    Residential land in Wheatfield, Indiana, with lots from 1-2 acres.

    11021 Pleasant Grove Dr, Wheatfield, IN 46392
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    Land in Wheatfield, Indiana
    $59,900
    1.17 Acres

    Land in Wheatfield, Indiana

    Residential land for sale in Jasper County.

    11282 Woodcrest Dr, Wheatfield, IN 46392
    View details
    Wheatfield, IN Corner Lot
    $59,900
    1.00 Acre

    Wheatfield, IN Corner Lot

    Improved corner lot in wooded subdivision with available utilities.

    3143 Ferne Ln, Wheatfield, IN 46392
    View details
    Commercial Building on US Highway 20
    $285,000
    2,244 SF

    Commercial Building on US Highway 20

    Versatile commercial building on US Highway 20 in Rolling Prairie, IN.

    5424 E Us Highway 20, Rolling Prairie, IN 46371
    View details
    Hobart Land Package For Sale
    $99,900
    1.52 Acres

    Hobart Land Package For Sale

    1.52 acres of land in Hobart, Indiana for sale.

    3800 Gill St, Hobart, IN 46342
    View details
    Prime Commercial Land Opportunity
    $450,000
    2.35 Acres

    Prime Commercial Land Opportunity

    2.34-acre commercial land for development in Cedar Lake, Indiana.

    13500 Morse St, Cedar Lake, IN 46303
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    Wheatfield Land for Residential Development
    $59,900
    1.01 Acres

    Wheatfield Land for Residential Development

    Residential land in Wheatfield, Indiana, with lots from 1-2 acres.

    11334 Woodcrest Dr, Wheatfield, IN 46392
    View details
    Wheatfield, IN Land For Sale
    $55,900
    1.11 Acres

    Wheatfield, IN Land For Sale

    Land for sale in a desirable Wheatfield subdivision.

    11139 Pleasant Grove Dr, Wheatfield, IN 46392
    View details
    Commercial Lot on US Highway
    $250,000
    1.00 Acre

    Commercial Lot on US Highway

    One-acre commercially zoned lot with high visibility and utilities.

    2260 S Us Highway 35, Knox, IN 46534
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    Commercial Building in Knox, Indiana
    $305,000
    4,949 SF

    Commercial Building in Knox, Indiana

    Turnkey commercial opportunity with existing business and expansion potential.

    2240 Us Highway 35, Knox, IN 46534
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    Mixed-Use Property Near Crown Point
    $699,000

    Mixed-Use Property Near Crown Point

    Versatile investment property with residential and commercial income potential.

    300 S Court St, Crown Point, IN 46307
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    Hebron Land with Garage
    $299,000
    442,570 SF

    Hebron Land with Garage

    10 acres with garage, new well, and income potential.

    519 West South St South, Hebron, IN 46341
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    For Lease (2)

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    Trucking Trailer Parking Site
    $2,400 / Mo
    435,600 SF

    Trucking Trailer Parking Site

    1-10 acre trucking trailer parking site for lease.

    3920 W Ridge Rd, Gary, IN 46408
    View details
    Griffith Commercial Unit with Storage
    $5,200 / Mo
    4,200 SF

    Griffith Commercial Unit with Storage

    4200 SF commercial-industrial unit with outdoor storage and parking.

    139 Gatlin Dr, Griffith, IN 46319
    View details

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    Advanced Real Estate LLC
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Advanced Real Estate LLC
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