Valparaiso Warehouse in Industrial
For Sale
$399,000
207 Nickle Plate Ave, Valparaiso, IN 46383
3200 sqft warehouse with 14ft door and ample parking.
Property Size3,200 SF
Price / SF$124.69
Days on Market198
Property Features for 207 Nickle Plate Ave
General Information
Standard status
Active
Size
3,200 SF
Building Details
Year Built
1972
Listing Agency:
Seramur Properties, LLC
Listed By:
Dennis Seramur · License #RB14028997
(219) 241-4039
Source:
Amyboston.realtopiare
Added: Mar 27
Changed: Sep 11
Last Checked: Oct 7 at 2:28PM
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 Seramur Properties, LLC
Investment Insights
Based on property information with market context.
This 3200 sqft warehouse is located in an industrial park near Valparaiso, Indiana. The light industrial warehouse includes a private restroom, laundry hook-ups, and a kitchen area. The layout incorporates several rooms within the building. Access is provided by a 14ft overhead door. The property offers ample parking.
Key Highlights
- 3200 sqft warehouse space
- Industrial park location close to town
- Features a 14ft overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,440
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,800
$308.8K
Cap Rate 7%
$220,571
$220.6K
Cap Rate 9%
$171,556
$171.6K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$19.2K $6.00/SF
− Vacancy
−$1.0K −$0.32/SF
EGI
$18.2K $5.68/SF
− OpEx
−$2.7K −$0.85/SF
NOI
$15.4K $4.83/SF
Area
Porter County, IN
Vacancy
5.39%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,800
Cap Rate 7%
$220,571
Cap Rate 9%
$171,556
Alternative Uses
Best Use
Warehouse
$220.6K
$193.0K – $257.3K
NOI $15,440 @ 7.0% cap · market cap 3.87%
Second Best
Industrial
$181.7K
$159.0K – $211.9K
NOI $12,716 @ 7.0% cap · market cap 3.19%
Theoretical Best
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,898 @ 7.0% cap · market cap 21.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Pappas Logistics — 150 W Lincolnway, Valparaiso, IN 46383
Frequently Asked Questions
What type of property is this?
Warehouse - 3200 sqft warehouse with 14ft door and ample parking.
Where is this warehouse located?
The property is located at 207 Nickle Plate Ave Valparaiso, IN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3200 sqft warehouse space; Industrial park location close to town; Features a 14ft overhead door
