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    10300 County Line Rd Crown Point, IN 46307
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    10300 County Line Rd Crown Point, IN 46307

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    • Commercial real estate
    Off-Market
    Property ID
    US31-3573329
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10300 County Line Rd

    Property type
    Commercial real estate

    Description

    This exceptional 11.6 million dollar investment opportunity presents itself in the form of Doubletree Lake Estates, a gated community in Crown Point, Indiana. Located approximately three miles southeast/east of the US 30 and I-65 interchange, and the 109th and I-65 interchange, this prime residential land boasts a highly desirable location with low property taxes. The development features a one-mile long, spring-fed private lake with an eight-foot paved walking path, and 24-hour private security. Residents enjoy access to Crown Point schools, Lake Michigan water, city sewers, and NIPSCO gas and electric. A nearby shopping center offers a grocery store, pharmacy, medical center, restaurants, and other conveniences. The community includes a mix of townhomes, patio homes, and single-family homes, with home prices ranging from $550,000 to $2,000,000. Lake activities include boating, fishing, swimming, tubing, and water skiing. A recently donated five-acre lakefront property will be developed into a neighborhood social space by the financially secure Homeowners Association, which has been resident-managed for over six years. Vacant lots offer various amenities, including cul-de-sacs, wooded areas, waterfront access, wetlands, and walkout options. The property is conveniently located just 60 minutes from Chicago's Loop via I-65. The developer, under new ownership since January 2015, is committed to collaboration with residents and builders. Detailed information on available opportunities is available upon request. The property is zoned PUD (Planned Unit Development). The address is 10300 County Line Rd, Crown Point, IN 46307.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crown Point
    County
    Lake
    State
    Indiana
    Longitude
    -87.220595
    Latitude
    41.428899

    Comparable in this City

    • Contact for pricing

      Northwest Indiana Apartment Portfolio

      118-unit portfolio in Crown Point, Highland, and Griffith, Indiana.
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      Crown Point Multifamily Investment Opportunity

      Four-unit property in downtown Crown Point with income and upside.
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      Mixed-Use Property Near Crown Point

      Versatile investment property with residential and commercial income potential.
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      72.53 Acre Industrial Land Parcel

      Large industrial land parcel near major transportation routes.
      Nwc Us 65, Crown Point, IN 46307
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    • $599,000

      Crown Point Land for Sale

      Two parcels totaling 3.25 acres available for redevelopment.
      366 E Summit St, Crown Point, IN 46307
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    • $243,000
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      Vacant Land in Crown Point

      Approximately 12 acres of vacant land for sale.
      6640 W 89Th Ave, Crown Point, IN 46307
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    Similar Nearby for Sale

    • Contact for pricing

      Northwest Indiana Apartment Portfolio

      118-unit portfolio in Crown Point, Highland, and Griffith, Indiana.
      2100 N Main St, Crown Point, IN 46307
      View Details
    • New
      $559,900
      0.25 Acres

      Crown Point Multifamily Investment Opportunity

      Four-unit property in downtown Crown Point with income and upside.
      324 S Main St, Crown Point, IN 46307
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    • $699,000

      Mixed-Use Property Near Crown Point

      Versatile investment property with residential and commercial income potential.
      300 S Court St, Crown Point, IN 46307
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    • $111,500
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      Residential Land in Crown Point

      Residential land for sale in Crown Point, Indiana.
      11059 Wynbrook Dr, Crown Point, IN 46307
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    • $63,500
      0.37 Acres

      Wooded Waterfront Lot For Sale

      Desirable wooded walkout lot in Falling Waters subdivision.
      34 Levanno Dr, Crown Point, IN 46307
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    Similar Nearby for Lease

    • $25 SF/Yr
      11,200 SF

      Prime Retail Site For Lease

      1.8 acre retail site ideal for single tenant.
      11040 Broadway, Crown Point, IN 46307
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      Chessington Pointe Office Park Pad

      Improved pad site in Chessington Pointe Office Park.
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      Winfield Commercial Site For Lease

      10.13-acre commercial site in Winfield, IN, for lease.
      11003 Randolph St, Crown Point, IN 46307
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      Colonial Style Office Complex

      Neighborhood retail and office complex with abundant parking.
      710 N Main St, Crown Point, IN 46307
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    • $20 SF/Yr
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      Crown Point Retail Space Available

      Retail space for lease in Crown Point, Indiana.
      1405 E Summit St, Crown Point, IN 46307
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    • Contact for pricing
      7,081 SF

      Turnkey Class A Office Space

      7,000 SF Class A office space for lease.
      530 N Indiana Ave, Crown Point, IN 46307
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    Crown Point, IN 46307
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    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.

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