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    Property profile & analytics

    551 Washington St Valparaiso, IN 46383-6402

    • Retail space
    • 1,478 SF
    • 1.48 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Last Sale
    Sep 09, 2022
    Location Intelligence
    Property ID
    US31-1039971
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 551 Washington St

    Year built
    1949
    Lot size
    1.48 lot acres
    Property size
    1,478 SF
    Property type
    Retail space
    APN
    64-09-25-126-002.000-004
    APU
    640925126002000004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.0607
    Latitude
    41.4628
    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
    $3,946
    $112,100
    $39,100
    $151,200
    -
    $112,100
    $39,100
    $151,200

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      302 Billings St

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      302 Billings St, Valparaiso, IN 46383
      View Details
    • Value Estimation by Request
      9,922 SF

      3400 Calumet Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,922 SF
      3400 Calumet Ave, Valparaiso, IN 46383-2615
      View Details
    • Value Estimation by Request
      7,505 SF

      1604 Calumet Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,505 SF
      1604 Calumet Ave, Valparaiso, IN 46383-3127
      View Details
    • Value Estimation by Request
      16,052 SF

      1620 Country Clb Rd

      RETAIL STORES (PERSONAL SERVICES) • 16,052 SF
      1620 Country Clb Rd, Valparaiso, IN 46383-2251
      View Details
    • Value Estimation
      $495,000
      4,535 SF

      68 Lincolnway

      RETAIL STORES (PERSONAL SERVICES) • 4,535 SF
      68 Lincolnway, Valparaiso, IN 46383-5522
      View Details
    • Value Estimation by Request
      13,171 SF

      150 Morthland Dr

      RETAIL STORES (PERSONAL SERVICES) • 13,171 SF
      150 Morthland Dr, Valparaiso, IN 46383-6200
      View Details

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    • $18 SF/Yr
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      Retail Space in Valparaiso, IN

      Retail space for lease in a strong retail area.
      2106 Morthland Dr, Valparaiso, IN 46383
      View Details
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    Valparaiso, IN 46383-6402
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    Realmo Value Estimation

    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.

    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.

    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
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