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    Property profile & analytics

    951 Morthland Dr Valparaiso, IN 46385-6255

    • Retail space
    • 2,400 SF
    • 2.81 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Last Sale
    Jun 08, 2022
    Location Intelligence
    Property ID
    US31-0742295
    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 951 Morthland Dr

    Year built
    1948
    Construction
    WOOD
    Lot size
    2.81 lot acres
    Property size
    2,400 SF
    Property type
    Retail space
    APN
    64-09-26-251-005.000-004
    APU
    640926251005000004

    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
    -87.072
    Latitude
    41.459
    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
    $14,813
    $335,500
    $233,300
    $568,800
    -
    $335,500
    $233,300
    $568,800

    Comparable in this City

    • Value Estimation by Request
      714 SF

      2 12th W Us Hwy 6th 6

      RETAIL STORES (PERSONAL SERVICES) • 714 SF
      2 12th W Us Hwy 6th 6, Valparaiso, IN 46385-8509
      View Details
    • Value Estimation
      $325,000
      1,440 SF

      760 Lincolnway

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      760 Lincolnway, Valparaiso, IN 46385-5533
      View Details
    • Value Estimation
      $340,000
      6,400 SF

      1853 State Rd 2nd 2

      RETAIL STORES (PERSONAL SERVICES) • 6,400 SF
      1853 State Rd 2nd 2, Valparaiso, IN 46385-9060
      View Details
    • Value Estimation
      $340,000
      5,000 SF

      1351 Morthland Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      1351 Morthland Dr, Valparaiso, IN 46385-6247
      View Details
    • Value Estimation
      $345,000
      1,290 SF

      718 Us Hwy 30

      RETAIL STORES (PERSONAL SERVICES) • 1,290 SF
      718 Us Hwy 30, Valparaiso, IN 46385-9246
      View Details
    • Value Estimation by Request
      9,452 SF

      2164 Us Hwy 30

      RETAIL STORES (PERSONAL SERVICES) • 9,452 SF
      2164 Us Hwy 30, Valparaiso, IN 46385
      View Details

    Similar Nearby for Sale

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      Valparaiso Land Parcel For Sale

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    Similar Nearby for Lease

    • $2,400 /Mo
      1,477 SF

      Valparaiso Retail or Office Space

      Two-story building suited for office or retail use.
      755 W Chicago St, Valparaiso, IN 46385
      View Details
    • Contact for pricing
      17,000 SF

      Retail Space in Valparaiso Center

      Retail spaces available in Valparaiso, anchored by Save-A-Lot.
      390 W Us Highway 6, Valparaiso, IN 46385
      View Details
    • Contact for pricing
      958 SF

      Retail Space on US Highway

      Retail property on US Highway 30 in Valparaiso, Indiana.
      2168-2256 Morthland Dr, Valparaiso, IN 46385
      View Details
    • $18 SF/Yr
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      Valpo Rt 30 Retail Space

      High-traffic retail space, ready to lease.
      1354 Morthland Dr, Valparaiso, IN 46385
      View Details
    • $2,259 /Mo
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      Versatile Commercial Building on US Hwy

      Move-in-ready commercial building suitable for retail, office, or services.
      792 Juniper Rd, Valparaiso, IN 46385
      View Details
    • $800 /Mo
      240 SF

      Main Floor Office Space Available

      Main floor office with private entrance and half bath included.
      470 Vale Park Rd, Valparaiso, IN 46385
      View Details
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    Valparaiso, IN 46385-6255
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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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