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Property profile

Smoke Rd Valparaiso, IN

OFF-MARKET
Mixed-use properties
2.26 ac lot Built 1949
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Property summary

AI-generated overview

This exceptional 2.26-acre mixed-use property in Valparaiso, Indiana, presents a remarkable investment opportunity. Strategically located on the hard corner of Smoke Road and Indiana Route 2, this site boasts unparalleled visibility and accessibility. The high-intensity commercial (CH) zoning allows for a diverse range of uses, capitalizing on the impressive daily traffic count of approximately 10,000 vehicles. The property features a substantial 575 feet of frontage on Smoke Road and an additional 250 feet of frontage on City View, maximizing exposure. An existing 2200 square foot concrete block building is included, currently in good condition. This building offers ample space, readily adaptable for various commercial needs. The structure is equipped with electricity, gas, heat, and water, and is designed to accommodate an overhead door and a light overhead crane configuration, making it ideal for warehouse or processing operations. Utilities are conveniently located nearby, simplifying setup and operation. This prime location, combined with the existing building and flexible zoning, makes this property an exceptional value at $295,000.

Property profile

Verified
Property type Mixed-use properties
Year built 1949
Lot 2.26 ac (98,446 SF)

Cap rate & NOI

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

Location

Smoke Rd Valparaiso, IN
Valparaiso metro
Google Maps

Value estimations

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