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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
5805 Murvihill Rd Valparaiso, IN 46383-6314
Entity Owned
Free & Clear
Property ID
US31-1056675
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
7,080 SF
Lot
2.42 ac (105,546 SF)
APN
64-10-28-400-013.000-020
UPID
US31-1056675
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
by Request
CAP Approach
CAP
$525k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Jp Valparaiso LLC
Jp Valparaiso LLC
since 2025
Last sale
$655,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$540,000
+95.6%
Restaurant
$530,000
+92.2%
Industrial (general)
$485,000
+75.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$540,000
Change: +96% · Conversion: Easy
RESTAURANT
$530,000
Change: +92% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$485,000
Change: +75% · Conversion: Easy
COMMERCIAL (GENERAL)
$400,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$390,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $655k (Dec 31 2025)
Last sale anchor
$655k
Dec 31 2025
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
$75 / 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
$4,338
Tax year 2023
Assessed value
$286,100
Assessed 2023
Previous assessed
$286,100
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$126,800
Assessed improvement
$159,300
Land market value
$126,800
Improvement market value
$159,300
Total market value
$286,100
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
7,080 SF
Lot
2.42 ac (105,546 SF)
APN
64-10-28-400-013.000-020
UPID
US31-1056675
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
AUTO REPAIR, GARAGE
Est. value
$540,000
RESTAURANT
Est. value
$530,000
INDUSTRIAL (GENERAL)
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$400,000
RETAIL STORES
Est. value
$390,000
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1986
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
Jp Valparaiso LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1500 N HWY 59, MARSHALL, MN 56258-2762
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Jp Valparaiso LLC
—
Deed
related
$250,000 · First American Bank
Dec 31, 2025
$655,000
Jp Valparaiso LLC
5805 Murvihill LLC
Warranty Deed
—
Dec 31, 2025
—
Jp Valapariso LLC
—
Deed
related
$655,000 · First American Bank
May 1, 2025
$400,000
5805 Murvihill LLC
Cygnus Properties LLC
Special Warranty Deed
$300,000 · First Federal Savings Bank
Aug 17, 2022
—
Cygnus Properties LLC
Cygnus Home Service LLC
Warranty Deed
—
Jul 26, 2012
—
Keller Property Invs LLC
Keller Property Invs LLC
Quit Claim Deed
related
—
Aug 17, 2004
—
5905 Murvihill Road LLC
—
Trustees Deed
related
$668,000 · Mercantile Nat'l Bank Indiana
—
—
5905 Murvihill Road LLC
—
Deed Of Trust
related
$393,485 · Harris NA
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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