Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Division Rd Valparaiso, IN 46341

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Division Rd Valparaiso, IN 46341

    View on Map
    • Land
    • 38.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Division Rd

    Lot size
    38.80 lot acres
    Property type
    Land

    Description

    This exceptional 38.8-acre property in Porter County, Indiana, presents a unique opportunity for hunting enthusiasts and outdoor lovers. Located near Hebron, just south of US Highway 30 and north of Lakes of the Four Seasons, this heavily wooded parcel boasts incredible privacy. The land is situated on the west side of an approximately 12-acre lake, offering riparian rights for dock installation. Abundant wildlife, including deer, fox, great blue heron, and migratory waterfowl, makes this an ideal hunting retreat. The property's location offers convenient access, with entry points off W Division Rd and near 675 West and 50 South. This is one of the last large wooded tracts remaining in Porter County. The seller is open to dividing the land into 2-4 parcels or considering a short-term contract sale to a developer, releasing deeds as homes are built or lots are sold. The property is zoned RESI and features a 60-foot grassy access strip off Division Road. The asking price is $649,900. Don't miss this rare chance to own a piece of Indiana's natural beauty.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.154
    Latitude
    41.4346

    Comparable in this City

    • Value Estimation by Request
      53.00 Acres

      15810 County Line Rd

      Farms • 53.00 Acres
      15810 County Line Rd, Hebron, IN 46341
      View Details
    • Value Estimation by Request
      40.00 Acres

      173rd Ave & Colorado St

      Land • 40.00 Acres
      173rd Ave & Colorado St, Hebron, IN 46341
      View Details
    • Value Estimation by Request
      0.09 Acres

      Adams St

      VACANT COMMERCIAL LAND • 0.09 Acres
      Adams St, Hebron, IN 46341
      View Details
    • Value Estimation by Request
      0.35 Acres

      393 Aspen St

      VACANT COMMERCIAL LAND • 0.35 Acres
      393 Aspen St, Hebron, IN 46341-8609
      View Details
    • Value Estimation by Request
      0.02 Acres

      Costin Dr

      INDUSTRIAL - VACANT LAND • 0.02 Acres
      Costin Dr, Hebron, IN 46341
      View Details
    • Value Estimation by Request
      0.17 Acres

      124 Main St

      VACANT COMMERCIAL LAND • 0.17 Acres
      124 Main St, Hebron, IN 46341-8970
      View Details

    Similar Nearby for Sale

    • $100,000
      Pending

      Wooded Corner Parcel in Hebron

      Wooded corner parcel, great location near Hebron's downtown and schools.
      492-2 W 900 S, Hebron, IN 46341
      View Details
    • $100,000
      Pending

      Wooded Corner Parcel For Sale

      Wooded corner parcel in Hebron, Indiana, near downtown and schools.
      492-2 W 900 S, Hebron, IN 46341
      View Details
    • $199,900
      4.29 Acres

      Hebron Land For Sale

      4.29 acre commercial land with utilities available in Hebron.
      W Wilson St, Hebron, IN 46341
      View Details
    • $117,000
      3.72 Acres

      Land in Amanda's Farms

      Residential land for building a dream home near Valparaiso.
      450 W 450 S, Hebron, IN 46341
      View Details
    • $30,000
      Pending

      Residential Lot in Charming Hebron

      In-town lot in Hebron, build your dream home!
      201 N Quincy St, Hebron, IN 46341
      View Details
    • Contact for pricing
      99 SF

      Land Available Near I-65

      Land parcels near I-65 and Route 2 interchange.
      173rd Ave & Colorado St, Hebron, IN 46341
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Division Rd
    Valparaiso, IN 46341
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!