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    Property profile & analytics

    5805 Murvihill Rd Valparaiso, IN 46383

    • Warehouses
    • 7,080 SF
    • 2.42 lot acres
    For Sale
    View listing
    $875,000
    Last Sale
    Feb 01, 2025
    $400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1056675
    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

    • Warehouses

    Property Details for 5805 Murvihill Rd

    Year built
    1986
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.42 lot acres
    Property size
    7,080 SF
    Property type
    Warehouses
    APN
    64-10-28-400-013.000-020
    APU
    641028400013000020

    Description

    This exceptional 7,080-square-foot industrial warehouse, situated on a spacious 2.42-acre lot in Valparaiso, Indiana, presents a compelling investment opportunity. Priced at $875,000, the property boasts ample parking, accommodating approximately 72 cars and offering the potential to expand to 125 truck and van spaces. Its strategic location near the Porter County Regional Airport and major highways (US 30, US 49, and I-80/94) ensures excellent accessibility and connectivity. The warehouse is ideally suited for businesses requiring extensive yard storage or managing a large fleet of delivery vehicles. Serving a substantial population base of approximately 246,000 people within a 30-minute radius, this property offers significant potential for growth and profitability. The property is also available for lease at $9,500 per month (NNN), with estimated NNN expenses of $2.25 per square foot. The address is 5805 Murvihill Rd, Valparaiso, IN 46383. Directions: Take US Highway 30 East to 325 East.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $213,000
      Market price range: $152k - $480k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $275,000
      Current use
      COMMERCIAL (GENERAL)
      $400,000
      Change: +46% Conversion: Difficult
      RETAIL STORES
      $390,000
      Change: +41% Conversion: Moderate
      MEDICAL BUILDING
      $275,000
      Change: +1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $255,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -86.9906
    Latitude
    41.4494
    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
    $4,338
    $126,800
    $159,300
    $286,100
    -
    $126,800
    $159,300
    $286,100

    Comparable in this City

    • Value Estimation by Request
      82,369 SF

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    • Value Estimation
      $480,000
      8,000 SF

      296 State Rd 2nd 2

      MINI-WAREHOUSE, STORAGE • 8,000 SF
      296 State Rd 2nd 2, Valparaiso, IN 46383
      View Details
    • Value Estimation
      $530,000
      8,150 SF

      5907 Murvihill Rd

      STORAGE YARD, OPEN STORAGE • 8,150 SF
      5907 Murvihill Rd, Valparaiso, IN 46383-8376
      View Details
    • Value Estimation
      $795,000
      124,670 SF

      2755 Raystone Dr

      WAREHOUSE, STORAGE • 124,670 SF
      2755 Raystone Dr, Valparaiso, IN 46383-9565
      View Details
    • Value Estimation
      $1,020,000
      116,779 SF

      705 Silhavy Rd

      WAREHOUSE, STORAGE • 116,779 SF
      705 Silhavy Rd, Valparaiso, IN 46383-4463
      View Details
    • Value Estimation
      $250,000
      364 SF

      300 Ww St

      STORAGE YARD, OPEN STORAGE • 364 SF
      300 Ww St, Valparaiso, IN 46383-6203
      View Details

    Similar Nearby for Sale

    • $875,000
      7,080 SF

      Valparaiso Warehouse - $875,000

      7,080 SF Warehouse, 2.42 Acres
      5805 Murvihill Rd, Valparaiso, IN 46383
      View Details
    • $250,000
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      Valparaiso Heavy Industrial Land

      1.57 acres of heavy industrial land near Valparaiso.
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      Valparaiso Industrial Land Opportunity

      1.57 acres of industrial land with office and fenced area.
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    • $469,900
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      Lincolnway Commercial Property

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      Valparaiso Residential Land - 19.54 Acres

      Prime Residential Land, Valparaiso, IN
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    • $220,000
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      Valparaiso Mixed-Use Commercial Property

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    Similar Nearby for Lease

    • Contact for pricing
      82,369 SF

      Valparaiso Warehouse: 82,369 SF

      Class A warehouse, excellent location, ample parking.
      2200 Memorial Pkwy, Valparaiso, IN 46383
      View Details
    • $5,000 /Mo
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      Versatile Commercial Buildings on Large Lot

      Three flexible buildings on 4.97 acres available for lease.
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    • Contact for pricing
      82,369 SF

      Valparaiso Warehouse Sublease Opportunity

      82,369 SF warehouse space available for sublease in Valparaiso.
      2200 Memorial Dr, Valparaiso, IN 46383
      View Details
    • $15 SF/Yr
      6,000 SF

      Valparaiso Warehouse with Office Space

      6,000 SF warehouse with 1,500 SF office space.
      1111 Glendale Blvd, Valparaiso, IN 46383
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    • $12 SF/Yr
      11,712 SF

      Valparaiso Warehouse Space Available

      11,712 square foot warehouse space for lease.
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    • $9,500 /Mo
      10,388 SF

      Valparaiso Commercial Building For Lease

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      View Details
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    Valparaiso, IN 46383
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    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
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