Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2102 Evans Ave Valparaiso, IN 46383-4095
    Back to Search
    Property profile & analytics

    2102 Evans Ave, Valparaiso, IN 46383-4095

    View on Map
    • Commercial land
    • 29,591 SF
    • 4.69 lot acres
    Off-Market
    Last Sale Dec 29, 2022
    $2,000,000
    Property ID
    US31-0038862
    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
    $1,985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 2102 Evans Ave

    Year built
    1977
    Construction
    WOOD FRAME
    Lot size
    4.69 lot acres
    Property type
    Commercial land
    APN
    64-10-19-201-001.000-004
    APU
    641019201001000004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 25, 2023 — Lake Cable Of Indiana LLC — Deed · related $8M · Wintrust Bank NA
    Jan 20, 2023 $2,000,000 Lake Cable Of Indiana LLC Abhishek K Das Re-recorded Document · related $8M · Wintrust Bank NA
    Dec 29, 2022 $2,000,000 Luke Cable Of Indiana LLC Abhishek K Das Warranty Deed —
    Oct 19, 2012 — Abhishek K Das Dearborn Street Holdings LLC Grant Deed —
    Jul 17, 2009 — Harris Mid America Holdings Verma,neela M Warranty Deed · related —
    Dec 6, 2005 — Neelam Verma Vmac LLC Corporation Deed $2.2M · Harris NA
    Sep 24, 2004 — Vmac LLC — Trustees Deed · related $50k · Citizens Financial Svcs Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,700,000
      ML approach
      $1,945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,995,000
      Market price range: $2.00M - $4.20M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,000,000
      Current use
      RETAIL STORES
      $3,060,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.0359
    Latitude
    41.4776
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,372
    $206,200
    $0.00
    $206,200
    -
    $206,200
    $0.00
    $206,200

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      150th Us Hwy 30

      VACANT COMMERCIAL LAND
      150th Us Hwy 30, Valparaiso, IN 46383
      View Details
    • Value Estimation by Request
      98.18 Acres

      Vale Park Rd

      VACANT COMMERCIAL LAND
      Vale Park Rd, Valparaiso, IN 46383
      View Details
    • Value Estimation by Request
      0.30 Acres

      151 Us Hwy 6th 6

      VACANT COMMERCIAL LAND
      151 Us Hwy 6th 6, Valparaiso, IN 46383-8917
      View Details
    • Value Estimation by Request
      2.34 Acres

      3101 Bertholet Blvd

      VACANT COMMERCIAL LAND
      3101 Bertholet Blvd, Valparaiso, IN 46383-7952
      View Details
    • Value Estimation by Request
      0.14 Acres

      1015 Calumet Ave

      VACANT COMMERCIAL LAND
      1015 Calumet Ave, Valparaiso, IN 46383-3612
      View Details
    • Value Estimation by Request
      0.38 Acres

      1805 Calumet Ave

      VACANT COMMERCIAL LAND
      1805 Calumet Ave, Valparaiso, IN 46383-3130
      View Details

    Similar Nearby for Sale

    • $800,000

      Valparaiso Retail Investment Opportunity

      Retail investment opportunity in Valparaiso, Indiana, zoned CA - Campus.
      232 East Dr North, Valparaiso, IN 46383
      View Details
    • $350,000
      16.04 Acres

      Valparaiso Vacant Land For Sale

      16.04 acres of vacant land, excellent for warehouse.
      Silhavy Rd, Valparaiso, IN 46383
      View Details
    • Contact for pricing

      Commercial Lot with Existing Infrastructure

      Commercial lot with utilities and parking in premium location.
      2510 Cumberland Dr, Valparaiso, IN 46383
      View Details
    • $1,650,000
      Pending

      Valparaiso Land For Sale

      79 acres of land in Valparaiso, Indiana.
      St Rd 2, Valparaiso, IN 46383
      View Details
    • Contact for pricing

      Commercial Outlot For Sale

      0.81 AC outlot with direct access from US 30.
      59 South St, Valparaiso, IN 46383
      View Details
    • Contact for pricing

      Valparaiso Commercial Development Opportunity

      Prime 0.81 AC lot for retail or commercial development.
      Us Hwy 30 & Washington St, Valparaiso, IN 46383
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Rent

      Commercial land for rent with frontage and existing curb cut.
      2020 Laporte Ave, Valparaiso, IN 46383
      View Details
    • Contact for pricing

      Valparaiso Outlot Land Opportunity

      0.75-acre outlot for lease near major retailers.
      2020 Laporte Ave, Valparaiso, IN 46383
      View Details
    • Contact for pricing
      908 SF

      Eastport Medical Office Space Available

      Former medical office space in Eastport development, Valparaiso.
      1251 Eastport Centre Dr, Valparaiso, IN 46383
      View Details
    • Contact for pricing

      Valparaiso Office Space Available

      Turnkey office spaces for lease in well-maintained Valparaiso building.
      1620 Country Club Rd, Valparaiso, IN 46383
      View Details
    • Contact for pricing

      Valparaiso Retail Space on US 30

      Retail space for lease on US 30 in Valparaiso, IN.
      2106 Morthland Dr, Valparaiso, IN 46383
      View Details
    • Contact for pricing
      144 SF

      Downtown Valparaiso Office Space

      Two-story office building with elevator and private parking.
      15 N Franklin St, Valparaiso, IN 46383
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2102 Evans Ave
    Valparaiso, IN 46383-4095
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2102 Evans Ave, Valparaiso, IN, 46383
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!