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    106 133Rd Ave Cedar Lake, IN 46303

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    106 133Rd Ave Cedar Lake, IN 46303

    View on Map
    • Commercial real estate
    • 1.00 lot acres
    Off-Market
    Property ID
    US31-3288383
    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 106 133Rd Ave

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional one-acre commercial land parcel presents a unique investment opportunity in Cedar Lake, Indiana. Located at 106 W 133rd Ave, this property is ideally situated within a residential community while maintaining a secluded feel, nestled in a wooded area. The lot is designated as the southern of two one-acre parcels, currently being sold separately. This presents a chance to develop a commercial venture in a desirable location. While offering privacy, the property benefits from proximity to existing utilities; electric and sewer lines are nearby, minimizing initial infrastructure costs. A significant advantage is the property's border with a high school, suggesting potential for businesses catering to students or families. The address is 106 W 133rd Ave, Cedar Lake, IN 46303, in Lake County. The asking price for this prime commercial land is $116,000. Buyers should be aware that all utilities will need to be extended to the site. This presents a blank canvas for creative commercial development in a well-positioned, yet private setting.

    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
    Cedar Lake
    County
    Lake
    State
    Indiana
    Longitude
    -87.460714
    Latitude
    41.381538

    Comparable in this City

    • $427,000

      RAILSIDE Business Park Premium Lot

      Zoned M1, develop-ready with utilities, multiple business opportunities.
      13740 Alexander St, Cedar Lake, IN 46303
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    • $382,500
      1.30 Acres

      Cedar Lake Industrial Land Available

      1.3 acre lot in Railside Business Park, Cedar Lake.
      13801 Alexander St, Cedar Lake, IN 46303
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    • $357,300
      Pending

      Cedar Lake B-3 Zoned Land

      1.44 acre B-3 zoned lot in Railside Business Park.
      13861 Alexander St, Cedar Lake, IN 46303
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    • $85,000
      27,356 SF

      Corner Lots in Cedar Lake

      Ten corner lots with mature trees in Cedar Lake.
      6711 West 134Th Pl, Cedar Lake, IN 46303
      View Details
    • $110,000
      0.37 Acres

      Lake Rights Buildable Lot

      Buildable lot with lake rights in South Shore Subdivision.
      14511 Blaine Pl, Cedar Lake, IN 46303
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    • $109,900
      0.53 Acres

      Wooded Lot in Parrish Woods

      Half-acre wooded lot near shopping, dining, lake, and schools.
      9550 112 Pl, Cedar Lake, IN 46303
      View Details

    Similar Nearby for Sale

    • $427,000

      RAILSIDE Business Park Premium Lot

      Zoned M1, develop-ready with utilities, multiple business opportunities.
      13740 Alexander St, Cedar Lake, IN 46303
      View Details
    • $382,500
      1.30 Acres

      Cedar Lake Industrial Land Available

      1.3 acre lot in Railside Business Park, Cedar Lake.
      13801 Alexander St, Cedar Lake, IN 46303
      View Details
    • $357,300
      Pending

      Cedar Lake B-3 Zoned Land

      1.44 acre B-3 zoned lot in Railside Business Park.
      13861 Alexander St, Cedar Lake, IN 46303
      View Details
    • $85,000
      27,356 SF

      Corner Lots in Cedar Lake

      Ten corner lots with mature trees in Cedar Lake.
      6711 West 134Th Pl, Cedar Lake, IN 46303
      View Details
    • $110,000
      0.37 Acres

      Lake Rights Buildable Lot

      Buildable lot with lake rights in South Shore Subdivision.
      14511 Blaine Pl, Cedar Lake, IN 46303
      View Details
    • $109,900
      0.53 Acres

      Wooded Lot in Parrish Woods

      Half-acre wooded lot near shopping, dining, lake, and schools.
      9550 112 Pl, Cedar Lake, IN 46303
      View Details

    Similar Nearby for Lease

    • $4,200 /Mo
      2,500 SF

      Railside Business Park Opportunity

      Commercial space and B3-zoned lots available for purchase or lease.
      13861 Units B Alexander St, Cedar Lake, IN 46303
      View Details
    • Contact for pricing

      Railside Business Park Opportunities

      Commercial space and B3-zoned lots available for lease or purchase.
      13861 Alexander St, Cedar Lake, IN 46303
      View Details
    • Contact for pricing
      12,000 SF

      New Warehouse with Premium Office

      12,000 SF warehouse with premium office space for lease.
      13631 Alexander St, Cedar Lake, IN 46303
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      Cedar Lake Warehouse with Office

      10,000 SF warehouse with renovated office space for lease.
      13501 Morse St, Cedar Lake, IN 46303
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    • Contact for pricing
      320,000 SF

      Pure Energy Park: Muncie Industrial

      Modern Manufacturing Space, 320,000 SF
      0 Bunch Blvd, Muncie, IN 46303
      View Details
    • Contact for pricing

      Cedar Lake Retail/Fitness Opportunity

      High-visibility spaces for lease in Cedar Lake, Indiana.
      12937-39 Wicker Ave, Cedar Lake, IN 46303
      View Details
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    Cedar Lake, IN 46303
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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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    106 133Rd Ave, Cedar Lake, IN, 46303

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