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1000 Vale Park Rd Valparaiso, IN 46383

Commercial land Google Maps
1.7 ac lot
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$235k
Range $212k – $259k (±10%)
Property ID US31-3157289

Property summary

AI-generated overview

This exceptional 1.7-acre commercial lot, identified as Lot 6 of Viking Place, presents a remarkable investment opportunity in Valparaiso, Indiana. Strategically located on Vale Park Road, a major east-west thoroughfare, this property enjoys high visibility and accessibility. The site is situated at the vibrant five-points roundabout intersection of Calumet, Vale Park, and Roosevelt Roads, placing it at the heart of a thriving northside demographic area. Viking Place itself is an 11+-acre development featuring six available lots, with existing infrastructure including entry signage, streets, and curbs already in place, simplifying the development process. The property is zoned for General Commercial use, allowing for a wide range of commercial ventures, including retail, restaurants, banking, medical facilities, general commerce, service industries, grocery stores, and supermarkets. The surrounding area boasts a strong concentration of established businesses, such as a new Starbucks, Family Express, 1st Source Bank, a multi-million dollar YMCA campus, Strack & Van Til Grocery, Burger King, and a 5/3 Bank, along with other regional and national retailers. The asking price for this prime commercial lot is $659,063. Note that lot sales are contingent upon final subdivision and plat approval by the City of Valparaiso, and the final recording of the Declaration of Covenants and Restrictions. This is a rare opportunity to secure a highly desirable commercial property in a rapidly growing area. The property's address is 1000 Vale Park Rd, Valparaiso, IN 46383.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.7 ac (74,052 SF)
APN 64-09-13-230-007.000-004
UPID US31-3157289

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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