Financial
Distress signals
Property profile

2106 Morthland Dr Valparaiso, IN 46383

FOR LEASE
Retail space
Property ID
US31-1120747
24,116 SF 2.48 ac lot Built 1998
Last sale Jul 2021 · $1,850,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail property is located on US 30 (Morthland Drive) in Valparaiso, Indiana, positioned directly along a heavily traveled corridor west of IN 49 near Valparaiso University. The center is anchored by Staples, and it includes a retail space measuring 7,252 square feet, which can be divided into smaller units starting at 2,500 square feet. The site is situated in a commercial retail environment with nearby national tenants, supporting retail-oriented use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$51k
Tax billed · 2023
Assessed value$1.96M
Assessed land$881k
Assessed improvement$1.08M
Effective rate2.60%

Value estimate

· Sep 2026
$2.59M
$2.33M – $2.84M
AI approach$2.37M
Submarket $/SF estimate$1.89M
NOI build-up
Gross scheduled income$152k
Vacancy & credit loss−$6k
Operating expenses−$44k
NOI · 567,372.22% cap applied$102k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$103/SF
County average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$60 – $174

Cap rate analysis

How does the asset earn?
567,372.22%
$102k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPORTER

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop14.0
HVAC Service12.0
Realty agency11.3

Location

2106 Morthland Dr Valparaiso, IN 46383
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
551 Franklin, Valparaiso, IN 46383-6465 $499,000 May 2025 3,744 SF
1006 Morthland, Valparaiso, IN 46383-6506 $1,000,000 Dec 2023 15,300 SF
454 Greenwich, Valparaiso, IN 46383-6532 $394,000 Feb 2023 5,001 SF
70 Lincolnway, Valparaiso, IN 46383-5522 $700,000 Mar 2022 7,527 SF
2006 Warbler, Valparaiso, IN 46383-4274 $980,000 Dec 2021 8,160 SF
2504 Roosevelt, Valparaiso, IN 46383-2769 $325,000 Jul 2021 7,260 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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