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    760 Morthland Dr Valparaiso, IN 46385-6260
    Property profile & analytics

    760 Morthland Dr, Valparaiso, IN 46385-6260

    View on Map

    • Hotels
    • 29,816 SF
    • 1.35 lot acres
    Off-Market
    Last Sale Jun 11, 2021
    $3,400,000
    Property ID
    US31-3533914
    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.

    Value Estimations
    $3,745,000
    Show details
    Cap Rate Potential
    4%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 760 Morthland Dr

    Year built
    1966
    Construction
    CONCRETE
    Lot size
    1.35 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    64-09-26-229-006.000-004
    APU
    640926229006000004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 21, 2024 — Shivkaneri LLC — Deed · related $3M · Community First Bank Of Indiana
    Jun 11, 2021 $3,400,000 Shivkaneri LLC Bw Valpo LLC Special Warranty Deed $2.8M · Bank Of George
    Oct 29, 2018 — Bw Valpo LLC Indiana LLC Warranty Deed $860k · Private Individual
    Oct 30, 2012 — Tulsi Hotels LLC — Trustees Deed · related $1.3M · National Republic Bank Chicago
    Nov 18, 2011 — Tulsi Hotels LLC Rickey Ents INC Warranty Deed —
    — — Tulsi Hotels LLC — Loan Modification · related $1.7M · National Republic Bank Chicago

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $4,750,000
      ML approach
      $4,245,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $3,170,000
      6.5%
      $2,925,000
      7%
      $2,715,000
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,835,000
      COMMERCIAL (GENERAL)
      $2,400,000

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


    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.07
    Latitude
    41.4604
    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
    $44,062
    $286,000
    $1,407,400
    $1,693,400
    -
    $286,000
    $1,407,400
    $1,693,400
    More about this property
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