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

    N MALAGA DR W lot 5 La Porte, IN 46350

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - La Porte, IN

    Lot size:
    0.56 Acres
    Added:
    Aug 29, 2024
    Days on Market:
    598
    Last Refresh:
    Apr 18 at 3:06 am

    Property Features for N MALAGA DR W lot 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    460617100048000042
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    04-06-17-100-048 CONCORD VINEYARD UNIT NO 2 LOT 5 URBAN DRAIN ASMT
    Tax Annual Amount
    10

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Needed
    Water source
    Well

    We can help!

    Listing Contact
    Tommy Sunn

    Listing agent Tommy Sunn License #RB14026728

    Listing office Coldwell Banker 1st Choice 245 W Johnson Road, Laporte, IN

    Listing date Aug 29, 2024

    MLS# 809368 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

    Residential Land in La Porte

    This is a 0.56-acre residential land located in La Porte, Indiana. The wooded homesite is situated in a desired area of La Porte County, offering an opportunity to build a custom home. The property requires a septic system and well. It is located minutes from the Indiana Toll Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    La Porte
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.791745
    Latitude
    41.65986

    Nearby Similar for Sale

    • $432,500

      La Porte Industrial Land Opportunity

      12.4 acre M2-zoned industrial site in Kingsbury Industrial Park.
      260 Hupp Road, La Porte, IN 46350
      View Details
    • $298,000
      3,643 SF

      La Porte Commercial Opportunity

      Versatile commercial property in downtown La Porte, Indiana.
      107 Lincolnway, La Porte, IN 46350
      View Details
    • $145,000
      1,330 SF

      Versatile Commercial Space on Indiana

      Adaptable commercial property on a high-traffic street.
      1025 Indiana Avenue, La Porte, IN 46350
      View Details
    • $175,000
      2,519 SF

      LaPorte Triplex: Income Potential

      Income-producing triplex in LaPorte with immediate cash flow potential.
      307 State Street, LaPorte, IN 46350
      View Details
    • $169,000
      1,200 SF

      Remodeled Office Building in Downtown

      Turnkey office building in a revitalizing downtown district.
      1101 Indiana Avenue, La Porte, IN 46350
      View Details
    • $115,900

      La Porte Duplex Investment Opportunity

      Well-maintained duplex in La Porte, Indiana with income potential.
      516 W 13th Street, La Porte, IN 46350
      View Details
    • $205,000
      3,240 SF

      LaPorte Fourplex Investment Opportunity

      Fully occupied four-unit property in LaPorte with immediate cash flow.
      101 Bond Street, LaPorte, IN 46350
      View Details
    • $195,000

      La Porte Land For Sale

      Commercial land available in La Porte, Indiana.
      711 Pine Lake Avenue, La Porte, IN 46350
      View Details
    • $199,000
      2,329 SF

      LaPorte Fourplex with Rental Upside

      Well-maintained fourplex in LaPorte with income potential.
      508 Jefferson Avenue, LaPorte, IN 46350
      View Details
    • $199,900

      Waterfront Lot in La Porte

      Prime lakefront real estate with utilities and lake access.
      161 W Mcclung Road, La Porte, IN 46350
      View Details
    • $250,000
      8,000 SF

      Downtown LaPorte Mixed-Use Opportunity

      8000 SF mixed-use space in downtown LaPorte for sale.
      603 Detroit, La Porte, IN 46350
      View Details
    • $230,850

      Productive Farmland Opportunity

      15.39 acres of tillable farmland in La Porte, Indiana.
      15.39 Ac S Hupp Road S, La Porte, IN 46350
      View Details

    FAQs

    What type of property is this?
    Land - Wooded homesite in a desirable La Porte County location.
    Where is this land located?
    The property is located at N MALAGA DR W lot 5 La Porte, IN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Desirable La Porte County location.; Large lot: 1/2 acre (plus or minus).; **Wooded lot offering privacy and natural beauty.**
    (219) 575-0881
    We can help!
    Listing Contact
    Tommy Sunn
    Real Estate License ID: RB14026728
    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!