Entity Owned 
For Lease
Contact for pricing
2020 Laporte Ave, Valparaiso, IN 46383
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Property summary
AI-generated overview
A 0.75-acre outlot is situated on the southwest corner of IN State Road 2 and the Sturdy traffic circle in Valparaiso, Indiana, featuring approximately 200 feet of frontage along IN-2 and a daily traffic count cited as 14,973. The parcel is described as having general commercial zoning that permits a range of business uses, including retail and service-oriented enterprises. Two curb cuts are referenced: one already placed in front of the parcel off IN-2 and an additional curb cut to the west, providing multiple points of ingress/egress. The property is positioned near major retailers including Target, Dairy Queen, Home Depot, Culver’s, Dollar General, and Crumbl Cookie; it is also reported to be about 0.7 miles from Route 49, where the adjacent exit is cited at a daily traffic count of 19,846 vehicles. Nearby developments include Brickyard Healthcare and Country Inn & Suites, and downtown Valparaiso is noted as approximately 1.5 miles west on IN-2 via the Lincolway Ave turn after the traffic circle.
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2007
Construction
WOOD
Total area
31,682 SF
Lot
2.03 ac (88,427 SF)
APN
64-10-19-451-041.000-004
UPID
US31-0308425
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hotel & Motel
-
Art Gallery
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.11M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.91M
Owner & transaction history
since 2007
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$2.4M
+48.0%
Restaurant
$2.4M
+45.4%
Industrial (general)
$2.2M
+32.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.91M
Value range
$2.61M – $3.20M
±10% around blend
Estimated value / SF
$92 / SF
Confidence
Property data
88
Comparable evidence
60
$2.61M
blend $2.91M
$3.20M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
31,682 SF
Lot area
2.03 ac
Year built
2007
Stories
3
APN
64-10-19-451-041.000-004
Assessed value
$3,693,000
Annual tax
$96,068
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.11M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.37M
@ 6.5% CAP return
$3.11M
@ 7% CAP return
$2.89M
4
Sales comparison
Partial preview
Sales approach indication
$2.71M
Range $591k – $2.71M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.91M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+48%
vs current-use indication
Restaurant
Industrial (general)
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.69M
Move the market yield to see immediate price impact.
Value / SF
$117
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$233k
$4.65M
$3.32M
$2.59M
$259k
$5.17M
$3.69M
$2.87M
$284k
$5.69M
$4.06M
$3.16M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$96,068
Tax year 2023
Assessed value
$3,693,000
Assessed 2023
Previous assessed
$3,693,000
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$800,900
Assessed improvement
$2,892,100
Land market value
$800,900
Improvement market value
$2,892,100
Total market value
$3,693,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
For Lease
Year built
2007
Construction
WOOD
Heating
NONE
Stories
3
Units
59
Total area
31,682 SF
Lot
2.03 ac (88,427 SF)
APN
64-10-19-451-041.000-004
UPID
US31-0308425
Jurisdiction
PORTER
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
NONE
Stories
3
Units
59
Lot
2.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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