Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4351-lot 19 Willard Lane Lowell, IN 46356

    View on Map
    Claim this Listing
    For Sale
    $182,000

    LAND - Lowell, IN

    Lot size:
    1.82 Acres
    Added:
    Sep 10, 2023
    Days on Market:
    962
    Last Refresh:
    Apr 28 at 1:06 pm

    Property Features for 4351-lot 19 Willard Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    452018102002000007
    Lot size
    1.82 Acres

    Taxes and HOA fees

    Tax Description
    Legal Description: Graythorne Phase 2 Unit B Lot 19

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Well

    We can help!

    Listing Contact
    Jeffrey Fryzel

    Listing agent Jeffrey Fryzel License #475168697

    Listing office McColly Real Estate 850 Deer Creek Dr, Schererville, IN

    Listing date Sep 10, 2023

    MLS# 538188 Listing URL

    Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wooded Homesite in Gated Subdivision

    Located in Graythorne Subdivision, this 1.21-acre homesite is situated on a heavily wooded cul-de-sac. Graythorne Subdivision offers a rural, natural setting with modern amenities. The subdivision is planned to be gated in 2023 and features custom-built homes. Home design is subject to POA Covenants & Restrictions, and Architectural Committee Review. The property is conveniently located near I-65, Northwest Indiana, Crown Point, and Valparaiso, and is approximately one hour from Chicago. Other undeveloped lots are available within Graythorne. Note that the provided photos represent multiple locations within the subdivision. The total lot size is 1.82 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Carpet & Flooring Store Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Lake
    State
    Indiana
    Longitude
    -87.4193
    Latitude
    41.2585

    Nearby Similar for Sale

    • $329,900
      486 SF

      Turn-key Pizzeria in Lowell, Indiana

      Fully equipped pizzeria with established goodwill and customer base.
      399 Clark Street, Lowell, IN 46356
      View Details
    • $600,000
      3,566 SF

      Turnkey Veterinary Clinic Opportunity

      Equipped 3,500sf facility on State Road 2 in Lowell, IN.
      1642 E Commercial Avenue, Lowell, IN 46356
      View Details
    • $58,900

      Land For Sale in Lowell

      Vacant land available in Lowell, Indiana.
      799 E Burnham Street, Lowell, IN 46356
      View Details
    • $295,000

      Mixed-Use Property in Lowell, Indiana

      Retail, office, and residential units in a vibrant suburban setting.
      112-116 Halstead, Lowell, IN 46356
      View Details
    • $279,000

      Heavily Wooded Estate Parcel

      2.28-acre wooded homesite in Graythorne's Estate Section.
      4398 Willard Lane, Lowell, IN 46356
      View Details
    • $77,500

      Residential Land in Desirable Lowell

      Prime homesite in established Lowell neighborhood, strong value, new construction.
      17224 Brookwood Drive, Lowell, IN 46356
      View Details
    • $75,000

      Residential Land in Established Subdivision

      Last chance to build your dream home in Lowell, Indiana.
      17229 Brookwood Drive, Lowell, IN 46356
      View Details
    • $75,000

      Residential Land in Established Subdivision

      Build your dream home in Lowell, Indiana, no HOA fees.
      17176 Brookwood Drive, Lowell, IN 46356
      View Details
    • $249,900

      3 Acre Lowell Land Parcel

      3 acre land parcel with mature trees and pond.
      9715 W 157th Avenue, Lowell, IN 46356
      View Details
    • $68,000

      Lowell, IN Duplex Lot

      Duplex lot in a sought-after neighborhood near amenities.
      1645 Jonquil Drive, Lowell, IN 46356
      View Details
    • $123,000

      Lowell Homesite in Graythorne Subdivision

      Partially wooded 0.68 acre homesite in Lowell, Indiana.
      4182 167th Avenue, Lowell, IN 46356
      View Details
    • $122,900

      Lowell, Indiana Wooded Homesite

      Partially wooded homesite in gated community near Lowell and Crown Point.
      16617 Noble Lot 78 Street, Lowell, IN 46356
      View Details

    FAQs

    What type of property is this?
    Land - 1.21 acre wooded lot in Graythorne Subdivision, Lowell, Indiana.
    Where is this land located?
    The property is located at 4351-lot 19 Willard Lane Lowell, IN.
    What is the asking price?
    The asking price for this property is $182,000.
    What are key features of this property?
    This property features: 1.21 Acre Heavily Wooded Cul‑de‑Sac Lot; Gated Community (Coming 2023); Convenient access to I‑65, Northwest Indiana, Crown Point, Valparaiso, and Chicago
    (708) 243-1827
    We can help!
    Listing Contact
    Jeffrey Fryzel
    Real Estate License ID: 475168697
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!