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Property profile & analytics
OFF-MARKET
Office Units
858 Lincolnway, Valparaiso, IN 46385-5504
Individually Owned
~
Est. High Equity
Property ID
US31-1039074
Property summary
AI-generated overview
This office space is located in Valparaiso, Indiana, within Porter County. The unit includes 3 office spaces and private restrooms. The living area of the office space is 545.5 square feet, situated on a lot size of 0.561 acres. Frontage signage space is available. The tenant is typically responsible for internet, with other utilities often included. It is a commercial space typically offered for lease.
Property profile
Verified
Property type
Office Units
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1941
Construction
WOOD
Total area
5,965 SF
Lot
0.56 ac (24,437 SF)
APN
64-09-23-404-004.000-004
UPID
US31-1039074
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Scott D Cusick
Scott D Cusick
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,719
Tax year 2023
Assessed value
$217,600
Assessed 2023
Previous assessed
$217,600
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$82,800
Assessed improvement
$134,800
Land market value
$82,800
Improvement market value
$134,800
Total market value
$217,600
Applied tax rate
1.0000
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
Office Units
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Total area
5,965 SF
Lot
0.56 ac (24,437 SF)
APN
64-09-23-404-004.000-004
UPID
US31-1039074
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
Building & site characteristics
From public records
Year built
1941
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Scott D Cusick
Individual
Mailing address
858 LINCOLNWAY, VALPARAISO, IN 46385-5504
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Scott D Cusick
—
Deed Of Trust
related
$66,800 · Washington Mutual Fsb
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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