Red Robin Restaurant
For Sale
Contact for pricing
3004 John Howell Dr, Valparaiso, IN 46383
Casual-dining facility operated by a wholly owned Red Robin subsidiary.
Property Size5,332 SF
Price / SF$579.52
Days on Market216
Property Features for 3004 John Howell Dr
General Information
Standard status
Active
Size
5,332 SF
Property subtype
RETAIL
Listing Agency:
JLL - Corporate
(312) 782-5800
Listed By:
Mohsin Mirza · License #475189943
(312) 228-2867
Source:
Moodyscre
Added: Mar 16
Changed: Oct 8
Last Checked: Oct 16 at 7:26AM
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 JLL - Corporate
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Investment Insights
Based on property information with market context.
This 5,332-square-foot conventional restaurant property is located at 3004 John Howell Dr in Valparaiso, Indiana. The building is associated with the Red Robin casual-dining brand and is operated by Red Robin International Inc., a wholly owned subsidiary of Red Robin.
Red Robin operates 500+ locations across North America, providing established brand context for the restaurant use. The property is offered for sale as a restaurant asset occupied by the Red Robin operating entity.
Red Robin operates 500+ locations across North America, providing established brand context for the restaurant use. The property is offered for sale as a restaurant asset occupied by the Red Robin operating entity.
Key Highlights
- 5,332‑square‑foot conventional restaurant property
- Operated by Red Robin International Inc.
- Red Robin International Inc. is a wholly owned subsidiary of Red Robin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,194
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,083,880
$2.1M
Cap Rate 7%
$1,488,486
$1.5M
Cap Rate 9%
$1,157,711
$1.2M
Market Conditions
NOI Build-Up for 5,332 SF
Gross rent
$144.0K $27.00/SF
− Vacancy
−$5.0K −$0.95/SF
EGI
$138.9K $26.06/SF
− OpEx
−$34.7K −$6.51/SF
NOI
$104.2K $19.54/SF
Area
Porter County, IN
Vacancy
3.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,083,880
Cap Rate 7%
$1,488,486
Cap Rate 9%
$1,157,711
Alternative Uses
Best Use
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,194 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.02M
$1.77M – $2.36M
NOI $141,461 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Under-served
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Casual-dining facility operated by a wholly owned Red Robin subsidiary.
Where is this conventional restaurant located?
The property is located at 3004 John Howell Dr Valparaiso, IN.
What is the asking price?
The asking price for this property is $3,090,000.
What are key features of this property?
This property features: 5,332‑square‑foot conventional restaurant property; Operated by Red Robin International Inc.; Red Robin International Inc. is a wholly owned subsidiary of Red Robin
