Industrial Land with Existing
For Sale
$240,000
205 Nickle Plate Avenue, Valparaiso, IN 46383
Two adjoining parcels carry INH heavy industrial zoning and include a house, an office building, and a fenced area.
Property Size1,750 SF
Price / SF$137.14
Days on Market146
Property Features for 205 Nickle Plate Avenue
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,142
Listing Agency:
Double Diamond Real Estate LLC
Listed By:
Jennifer Ward · License #471012379
(219) 406-1458
Source:
Harborcountryhomes
Added: Jun 8
Changed: Oct 30
Last Checked: Oct 30 at 1:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Double Diamond Real Estate LLC
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Investment Insights
Based on property information with market context.
This 1.57-acre industrial land offering consists of two adjoining parcels. Improvements include a ranch-style house with a walk-out basement and enclosed front porch, a 20-by-22-foot pole barn with a new roof, and a separate office building. A large fenced area is also part of the property.
The site is 0.7 miles from downtown Valparaiso and has access to Hwy 30. Both parcels are zoned INH for heavy industrial use.
The site is 0.7 miles from downtown Valparaiso and has access to Hwy 30. Both parcels are zoned INH for heavy industrial use.
Key Highlights
- 1.57 acres across two adjoining parcels
- Both parcels zoned INH for heavy industrial use
- Ranch house features a walk‑out basement and enclosed front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,023
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,460
$420.5K
Cap Rate 7%
$300,329
$300.3K
Cap Rate 9%
$233,589
$233.6K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$29.8K $17.04/SF
− Vacancy
−$1.8K −$1.02/SF
EGI
$28.0K $16.02/SF
− OpEx
−$7.0K −$4.00/SF
NOI
$21.0K $12.01/SF
Area
Porter County, IN
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,460
Cap Rate 7%
$300,329
Cap Rate 9%
$233,589
Alternative Uses
Best Use
Office B
$300.3K
$262.8K – $350.4K
NOI $21,023 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$663.3K
$580.4K – $773.8K
NOI $46,428 @ 7.0% cap · market cap 19.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,696
Businesses Nearby
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Business Placement
Demographics for 46383, IN
41,981
Population
18,343
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
95%
High-School Grad
87.5 sq mi
ZIP Area
480
Density / Sq Mi
$75,575
Median Household Income
$43,065
Median Earnings
$1,144
Median Rent
$258,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial land - Two adjoining parcels carry INH heavy industrial zoning and include a house, an office building, and a fenced area.
Where is this industrial land located?
The property is located at 205 Nickle Plate Avenue Valparaiso, IN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1.57 acres across two adjoining parcels; Both parcels zoned INH for heavy industrial use; Ranch house features a walk‑out basement and enclosed front porch
