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    Property profile & analytics

    11705 133Rd Ave Cedar Lake, IN 46303

    • Commercial real estate
    • 55.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1272223
    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 11705 133Rd Ave

    Lot size
    55.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 55-acre commercial land parcel presents a significant investment opportunity in Cedar Lake, Indiana. Strategically located at 11705 W 133rd Ave, this property boasts convenient access to major transportation routes, with Wicker Ave (Rt 41) experiencing 19,661 vehicles daily and W 133rd Ave seeing 6,675 vehicles daily. The site is approximately one hour from downtown Chicago, offering a compelling location for businesses seeking proximity to a major metropolitan area. Infrastructure is readily available, with water and sewer lines situated in the adjacent subdivision to the east. The property is comprised of three parcels with PIN numbers: 45-15-29-201-001.006-013, 45-15-29-127-005.000-013, and 45-15-29-127-001.000-013. Annual property taxes are $3,944.86. The asking price for this expansive commercial land is $3,000,000. Detailed information regarding Cedar Lake's Comprehensive Plan is available upon request. This property offers substantial potential for a variety of commercial developments. Contact us today to explore this remarkable opportunity.

    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
    Cedar Lake
    County
    Lake
    State
    Indiana
    Longitude
    -87.477161
    Latitude
    41.375467

    Comparable in this City

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      Lake Rights Buildable Lot

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      Cedar Lake Land For Sale

      1.35 acre lot in Railside Business Park, Cedar Lake.
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      Lake Rights Buildable Lot

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    • $445,000
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      Prime Commercial Land Opportunity

      High-exposure lot suitable for diverse commercial uses.
      14010 Alexander St, Cedar Lake, IN 46303
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    • $1,845,730
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      Cedar Lake Commercial Investment Opportunity

      Commercial space and B3 zoned lots available in Railside Business Park.
      13861 Alexander St, Cedar Lake, IN 46303
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    • $300,000
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      2.15 Acres on Wicker Avenue

      2.15-acre vacant lot on Wicker Ave, Cedar Lake, IN.
      11940 Wicker Ave, Cedar Lake, IN 46303
      View Details

    Similar Nearby for Sale

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      Cedar Lake B1-Zoned Lot

      Versatile 0.88-acre lot in high-traffic Cedar Lake location.
      13405 Morse St, Cedar Lake, IN 46303
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    • $31,900
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      Lakefront Land in Cedar Lake

      Residential land with lakefront park access and pier.
      8604 W 139Th Ave, Cedar Lake, IN 46303
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    • $249,900
      Pending

      Land in Cedar Lake, IN

      0.998 acre vacant land parcel in Cedar Lake, Indiana.
      9714 W 133Rd Ave, Cedar Lake, IN 46303
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    • $108,500
      0.50 Acres

      Half Acre Lot in Indiana

      Half acre lot in Cedar Lake, Indiana, new subdivision.
      9545 112 Plc, Cedar Lake, IN 46303
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      Half Acre Wooded Lot

      Residential land in Parrish Woods Development, Cedar Lake, Indiana.
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      Lake Rights Buildable Lot

      Buildable lot with lake rights in South Shore Subdivision.
      14521 Blaine St Ave, Cedar Lake, IN 46303
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    Similar Nearby for Lease

    • $8 SF/Yr
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      Renovated Warehouse with Office Space

      10,000 SF warehouse with renovated office space for lease.
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    • $1,845 /Mo
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      New Retail/Medical Space Available

      Newly renovated retail or medical space in Cedar Lake, Indiana.
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      Cedar Lake Retail Space For Lease

      Prime Retail Location, High Visibility, 16,104 SF
      12937 Wicker Ave, Cedar Lake, IN 46303
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      Route 41 Commercial Space

      Highly visible commercial space on Route 41 in Cedar Lake.
      13212 Wicker Ave, Cedar Lake, IN 46303
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    • $16 SF/Yr
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      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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    • Contact for pricing
      320,000 SF

      Pure Energy Park: Muncie Industrial

      Modern Manufacturing Space, 320,000 SF
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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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