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    Smoke Rd Valparaiso, IN

    • Mixed-use properties
    • 2.26 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for Smoke Rd

    Year built
    1949
    Lot size
    2.26 lot acres
    Property type
    Mixed-use properties

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.0659
    Latitude
    41.4346

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    Smoke Rd
    Valparaiso, IN
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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