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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Showrooms
4501 Airport Dr Valparaiso, IN 46383-0070
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0561711
Property summary
AI-generated overview
This well-maintained 1,200 square foot industrial warehouse space is available for lease in Porter County, Indiana. Located conveniently off US Highway 30, south of the Porter County Airport, this single-tenant property offers easy access to major transportation routes. Built in 2018, the warehouse boasts a spacious layout with dimensions of 20 feet wide by 60 feet deep and a 16-foot ceiling height. A 14' x 14' overhead door with an operator provides convenient access for loading and unloading. The property includes 120/240V electric service and a gas furnace. Water, garbage, and limited bandwidth internet are included in the common area maintenance (CAM) charges. The property is zoned for industrial use and features a lighted parking lot. The lease terms include a monthly rent of $923.00, plus an additional $300.00 per month for taxes, insurance, and CAM. This is a triple net (NN) lease for a three-year term with a 2.5% annual rent escalator. A security deposit of $1,223.00 is required. This space is ideal for small businesses, storage, or workshops seeking a functional and well-located industrial property.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2017
Construction
WOOD
Total area
16,165 SF
Lot
1.62 ac (70,567 SF)
APN
64-10-33-101-004.000-029
UPID
US31-0561711
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.03M
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.91M
Owner & transaction history
M A Propertie I LLC · 4 yrs held
M A Propertie I LLC
since 2021
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+2.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Valparaiso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valparaiso submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,585,000
ML approach
$2,025,000
CAP Approach
CAP Return
Estimation
6%
$2,470,000
6.5%
$2,280,000
7%
$2,115,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,640,000
Current use
RETAIL STORES
$1,670,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10% · vs last sale $1.85M (Dec 28 2021)
Last sale anchor
$1.85M
Dec 28 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,410
Tax year 2023
Assessed value
$842,200
Assessed 2023
Previous assessed
$842,200
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$142,000
Assessed improvement
$700,200
Land market value
$142,000
Improvement market value
$700,200
Total market value
$842,200
Applied tax rate
29.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
16,165 SF
Lot
1.62 ac (70,567 SF)
APN
64-10-33-101-004.000-029
UPID
US31-0561711
Jurisdiction
PORTER
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
1.62 ac
Current owner
From public records · entity-resolved
M A Propertie I LLC
Entity
Mailing address
801 E MAIN ST, GRIFFITH, IN 46319-2883
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
$1,850,000
M A Propertie I LLC
4501 Airport LLC
Special Warranty Deed
$1,387,500 · Peoples Bank
Aug 7, 2018
—
4501 Airport LLC
Gilliana Pools LLC
Special Warranty Deed
$630,000 · Centier Bank
Oct 9, 2017
$125,000
Hilliana Pools LLC
Carmen Good Builders INC
Grant Deed
—
Mar 23, 2011
—
Carmen Good Builders INC
Trust 1115
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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