530 Lake Park Dr Valparaiso, IN 46385
This exceptional 3.543-acre property in Valparaiso, Indiana, presents a unique development opportunity. Located at 530 N Lakepark Dr, 46385, this collection of six residential lots, ranging from 0.426 to 0.824 acres, offers flexibility for various projects. Buyers can choose to develop the land to county subdivision standards, including road improvements, grading, and utility delivery, or opt for a single-estate build. Water and sewer access is anticipated at the road stub, though buyers must independently verify utility availability. The property's topography necessitates a bridge or culvert due to a creek. Detailed wetland delineations and most individual plot plans with topography are readily available. The property is served by Valparaiso schools. This is an ideal opportunity for developers or builders seeking to vertically integrate and acquire multiple lots for construction. The asking price is $250,000, with a price per acre of $70,561.67. Individual lot addresses and APNs are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.