Property profile

151 Newporte Blvd La Porte, IN 46350

OFF-MARKET
Turn key restaurants
Property ID
US31-3227419
0.67 ac lot Built 2022
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is located in La Porte, Indiana, in the vicinity of the Pine Lake area and along the Pine Lake Avenue commercial corridor. It is positioned to benefit from nearby roadway access, including proximity to U.S. Route 35 and Indiana State Road 2, which connect La Porte to larger regional destinations. The property comprises approximately 1,480 square feet of space, situated within a district characterized by a mix of national retailers, restaurants, and local businesses, and it lies within an area supported by industrial, healthcare, and retail economic sectors.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2022
Lot 0.67 ac (29,359 SF)
APN 46-06-35-201-010.000-043
UPID US31-3227419

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

151 Newporte Blvd La Porte, IN 46350
La Porte metro Census 42000 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
3 recorded transactions
2025
$1.1M
2025
Price N/A
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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