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2510 Cumberland Dr Valparaiso, IN 46383

Commercial real estate Google Maps
1.99 ac lot Built 1996
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US31-1117852

Property summary

AI-generated overview

This exceptional 1.99-acre commercial lot, identified as Lot 4 of Viking Place, presents a remarkable investment opportunity in Valparaiso, Indiana. Strategically located at the vibrant five-points roundabout intersection of Calumet, Vale Park, and Roosevelt Roads, this property enjoys high visibility and accessibility. The site is part of an 11+-acre development featuring six available lots, all benefiting from existing entry signage and curbs, streamlining the development process. Zoned for General Commercial use, the possibilities are extensive, encompassing retail, restaurants, banking, medical facilities, general commerce, service industries, and grocery stores. The area boasts a thriving commercial environment, with nearby establishments including Starbucks, Family Express, 1st Source Bank, a multi-million dollar YMCA campus, Strack & Van Til Grocery, Burger King, and 5/3 Bank, among other regional and national retailers. This property offers a significant advantage with its large existing parking lot situated on Cumberland Drive. The sale is contingent upon final subdivision and plat approval by the City of Valparaiso and the final recording of the Declaration of Covenants and Restrictions. This prime location and versatile zoning make this an exceptional opportunity for a wide range of commercial ventures. The asking price is $475,200. Contact us to schedule a viewing.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1996
Lot 1.99 ac (86,684 SF)
APN 64-09-13-230-005.000-004
UPID US31-1117852

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

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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More about this property
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