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

    1051 Transport Dr Valparaiso, IN 46383

    • Commercial real estate
    • 59,677.00 lot acres
    For Sale
    View listing
    $1,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-3379942
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1051 Transport Dr

    Year built
    2008
    Lot size
    59,677.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 59.677-acre parcel of land, located at 1051 Transport Drive in Valparaiso, Indiana, presents a unique opportunity for commercial development. The property is ideally situated for a variety of business ventures, offering ample space for construction and expansion. Priced at $1,000,000, this expansive lot provides significant potential for substantial return on investment. Its location in Valparaiso offers access to a thriving local economy and convenient transportation links. The property is currently undeveloped, allowing for complete design flexibility and the ability to tailor the development to specific business needs. This is a rare chance to acquire a large, strategically located commercial land holding in a growing Indiana community. The sheer size of the property allows for a multitude of development possibilities, from large-scale industrial projects to expansive retail centers or mixed-use developments. Prospective buyers are encouraged to conduct their own due diligence to fully assess the potential of this remarkable opportunity. The property is ready for immediate development, presenting a blank canvas for ambitious commercial ventures. This is a prime location for businesses seeking significant space and visibility in a desirable market. The asking price reflects the significant potential and value of this substantial land parcel.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.01569
    Latitude
    41.45933

    Comparable in this City

    • $350,000
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      Valparaiso Corner Lot Development

      High-visibility corner lot, endless potential.
      1307 Calumet Ave, Valparaiso, IN 46383
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    • $659,063
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      Valparaiso Commercial Land Parcel

      1.7-acre commercial lot, prime location.
      1000 Vale Park Rd, Valparaiso, IN 46383
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    • $750,000
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      Valparaiso Commercial Land - $750k

      Prime Commercial Lot, High Traffic
      1009 Calumet Ave, Valparaiso, IN 46383
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    • $77,000
      2.00 Acres

      Valparaiso Medical Office Condo

      900 SF, 3 Exam Rooms, 2 Acres
      401 Wall St, Valparaiso, IN 46383
      View Details
    • $475,200
      1.99 Acres

      Valparaiso Commercial Land - $475,200

      1.99 Acres, Prime Valparaiso Location
      2510 Cumberland Dr, Valparaiso, IN 46383
      View Details
    • $1,095,000
      73.00 Acres

      Valparaiso, IN Multi-Use Land

      73 Acres, $1.095M, High Potential
      0 200, Chesterton, IN 46383
      View Details

    Similar Nearby for Sale

    • $350,000
      0.44 Acres

      Valparaiso Corner Lot Development

      High-visibility corner lot, endless potential.
      1307 Calumet Ave, Valparaiso, IN 46383
      View Details
    • $659,063
      1.70 Acres

      Valparaiso Commercial Land Parcel

      1.7-acre commercial lot, prime location.
      1000 Vale Park Rd, Valparaiso, IN 46383
      View Details
    • $475,200
      1.99 Acres

      Valparaiso Commercial Land - $475,200

      1.99 Acres, Prime Valparaiso Location
      2510 Cumberland Dr, Valparaiso, IN 46383
      View Details
    • $1,095,000
      73.00 Acres

      Valparaiso, IN Multi-Use Land

      73 Acres, $1.095M, High Potential
      0 200, Chesterton, IN 46383
      View Details
    • $77,000
      2.00 Acres

      Valparaiso Medical Office Condo

      900 SF, 3 Exam Rooms, 2 Acres
      401 Wall St, Valparaiso, IN 46383
      View Details
    • $189,486
      1.00 Acre

      Valparaiso Commercial Land - $189K

      One-acre commercial lot, prime location.
      2500 Cumberland Dr, Valparaiso, IN 46383
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,327 SF

      Downtown Office Space For Rent

      Downtown office space with onsite parking and convenient amenities.
      257 Lincolnway, Valparaiso, IN 46383
      View Details
    • Contact for pricing
      82,369 SF

      Valparaiso Warehouse Sublease Opportunity

      82,369 SF warehouse space available for sublease in Valparaiso.
      2200 Memorial Dr, Valparaiso, IN 46383
      View Details
    • $19 SF/Yr
      1,795 SF

      Retail Space in Silhavy Square

      Retail space available in a well-located Valparaiso shopping center.
      501 Silhavy Rd, Valparaiso, IN 46383
      View Details
    • $10 SF/Yr

      Historic Downtown Valparaiso Leasing Opportunity

      Office and retail spaces for lease in updated historic building.
      17-19 E Lincolnway, Valparaiso, IN 46383
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    • $16 SF/Yr
      5,860 SF

      Valparaiso Office Space Available

      Office space for rent in Valparaiso, Indiana.
      6 Morgan Blvd, Valparaiso, IN 46383
      View Details
    • $22 SF/Yr
      908 SF

      Eastport Medical Office Space Available

      Former medical office space in Eastport development, Valparaiso.
      1251 Eastport Centre Dr, Valparaiso, IN 46383
      View Details
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    1051 Transport Dr
    Valparaiso, IN 46383
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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.

    More about this property
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