Warehouse with Overhead
207 Nickle Plate Avenue, Valparaiso, IN 46383
For Sale
$389,000
Commercial Sale, Valparaiso, IN
Property Size3,200 SF
Lot Size0.39 Acres
Price / SF$121.56
Days on Market252
Property Features for 207 Nickle Plate Avenue
General Information
Property type
Property subtype
Parking
Interior features
Appliances
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Buildings
Listing Agency:
Seramur Properties, LLC
(219) 548-8800
Listed By:
Dennis Seramur · License IN RB14028997
(219) 241-4039
Added: Mar 4
Changed: Nov 2
Last Checked: Nov 10 at 5:06PM
MLS# 834882
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,200-square-foot warehouse was built in 1972 and is arranged with several interior rooms, providing more than a single open storage area. The building includes high ceilings, a private restroom, laundry hookups, and a kitchen area. A 14-foot overhead door supports access for warehouse operations, while forced-air heating fueled by natural gas serves the property.
The 0.394-acre parcel is located within an industrial park in Valparaiso. Public water and public sewer serve the property, and on-site parking is available. A gas water heater is also included.
The 0.394-acre parcel is located within an industrial park in Valparaiso. Public water and public sewer serve the property, and on-site parking is available. A gas water heater is also included.
Key Highlights
- 3,200‑square‑foot warehouse on a 0.394‑acre parcel
- 14‑foot overhead door for warehouse access
- Several interior rooms plus kitchen area and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,440
Cap Rate
3.97%
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 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,898 @ 7.0% cap · market cap 21.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
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
$258,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Porter County, IN
Properties on Market for Warehouses in Porter County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Pappas Logistics — 150 W Lincolnway, Valparaiso, IN 46383
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with multiple rooms, private restroom, kitchen area, and laundry hookups.
Where is this warehouse located?
The property is located at 207 Nickle Plate Avenue Valparaiso, IN.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 3,200‑square‑foot warehouse on a 0.394‑acre parcel; 14‑foot overhead door for warehouse access; Several interior rooms plus kitchen area and private restroom
