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

    Porters Vale Boulevard Valparaiso, IN 46383

    View on Map
    Claim this Listing
    For Sale
    $2,150,000

    LAND - Valparaiso, IN

    Lot size:
    12.66 Acres
    Added:
    Feb 9, 2024
    Days on Market:
    814
    Last Refresh:
    May 3 at 10:06 pm

    Property Features for Porters Vale Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    641020127005000029
    Lot size
    12.66 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Description
    Legal Description: PORTERS VALE SHOPPING CENTER NW PT LOT 12 EX PT REPLTD 15.74A

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    John Vandertoll
    John Vandertoll

    Listing agent John Vandertoll License #RB21000965

    Listing office John J. Vandertoll 6801 Hunters Run Pl, Prospect, IN

    Listing date Feb 9, 2024

    MLS# 544918 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

    Valparaiso Commercial Land For Sale

    This 12.66-acre vacant commercial land is located on Porters Vale in Valparaiso, Indiana, within the Porter County submarket. The site is part of the Porter's Vale retail development, anchored by Meijer, JC Penny, Cinemark movie theater, and other commercial businesses. The land has frontage on Highway 49. Zoned for commercial development, the site has public utilities available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.013931
    Latitude
    41.472166

    Nearby Similar for Sale

    • $375,000
      2,300 SF

      Versatile Commercial Facility on Highway

      2,300 SF building ideal for automotive or light industrial businesses.
      431 E Us Highway 6, Valparaiso, IN 46383
      View Details
    • $1,550,000
      2,400 SF

      Valparaiso Retail Building on Corridor

      Retail building on two lots in Valparaiso's commercial corridor.
      2306 Calumet Avenue, Valparaiso, IN 46383
      View Details
    • $449,000
      3,200 SF

      Valparaiso Warehouse in Industrial Park

      3200 sqft warehouse space in a convenient industrial park.
      207 Nickle Plate Avenue, Valparaiso, IN 46383
      View Details
    • $1,100,000
      10,086 SF

      Valparaiso Mixed-Use Commercial Building

      Multi-tenancy building in downtown Valparaiso with restaurant and office suites.
      13 Lincolnway, Valparaiso, IN 46383
      View Details
    • $799,000
      8,054 SF

      Valparaiso Warehouse and Office Space

      8000+ sqft warehouse and office space for sale.
      457 S Campbell Street, Valparaiso, IN 46385
      View Details
    • $1,000,000
      5,596 SF

      Medical Building in Eastport Center

      Single-story medical building with ample parking and flexible layout.
      2802 Leonard Drive, Valparaiso, IN 46383
      View Details
    • $895,000

      Valparaiso Gateway Development Opportunity

      8+ acre development property in Valparaiso, Indiana.
      Silhavy Road, Valparaiso, IN 46383
      View Details
    • $295,000
      1,600 SF

      Turn-Key Valparaiso Office Condominium

      Professional office condo ideal for owner-occupied service businesses.
      2502 Beech Street, Valparaiso, IN 46383
      View Details
    • $385,000

      Valparaiso Duplex Investment Opportunity

      Duplex in downtown Valparaiso with income potential.
      507 Franklin Street, Valparaiso, IN 46383
      View Details
    • $1,800,000
      2,364 SF

      Valparaiso Commercial Property For Sale

      Two-lot commercial property in high-traffic Valparaiso location.
      1003 Calumet Avenue, Valparaiso, IN 46383
      View Details
    • $125,000

      Brigata Hills Homesite Opportunity

      Premium lot in prestigious Valparaiso community, ready for construction.
      4105 Brigata Drive, Valparaiso, IN 46385
      View Details
    • $425,000

      Valparaiso Income Property Near VU

      Fully occupied four-unit property near Valparaiso University.
      255 College Avenue, Valparaiso, IN 46383
      View Details

    FAQs

    What type of property is this?
    Commercial land - 12.66 acres of commercial land in Porter County.
    Where is this commercial land located?
    The property is located at Porters Vale Boulevard Valparaiso, IN.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: 15.74 acres of vacant commercial land; Located in Porter's Vale retail development anchored by Meijer, JC Penny, and Cinemark; Extensive frontage on Highway 49
    (502) 552-0224
    We can help!
    Listing Contact
    John Vandertoll
    John Vandertoll
    Real Estate License ID: RB21000965
    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

    Thank You for Inquiry

    Porters Vale Boulevard, Valparaiso, IN 46383

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!