Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    13 Lincolnway, Unit 302 Valparaiso, IN 46383

    Sponsored
    For Lease
    $431 /Mo ($29 SF/Yr)

    COMMERCIAL - Valparaiso, IN

    Type:Office
    Property size:
    175 SF
    Lot size:
    0.07 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 4 at 12:06 am

    Property Features for 13 Lincolnway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Parking features
    On Street
    Size
    175 SF
    Lot size
    0.07 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1880

    We can help!

    Listing Contact
    Dennis Seramur

    Seramur Properties LLC (219) 548-8800

    Listing agent Dennis Seramur (219) 241-4039

    Listing date Feb 3, 2026

    MLS# 833549

    Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Valparaiso Office Suite

    This professional office suite is located in downtown Valparaiso, across from the courthouse. Situated on the 3rd floor, the suite offers 175 square feet of space. The monthly rent is $431 and includes utilities and high-speed internet. Tenants have access to a shared conference room on the second floor, as well as bathrooms also located on the second floor. The property is located in Porter County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.060281
    Latitude
    41.468099

    Nearby Similar for Lease

    • $5,000 /Mo
      3,550 SF

      Versatile Commercial Buildings on Large Lot

      Three flexible buildings on 4.97 acres available for lease.
      345 N 400 E, Valparaiso, IN 46383
      View Details
    • $35 SF/Yr
      43,500 SF

      Valparaiso Medical Facility For Lease

      Newly renovated Class A medical facility with up to 32,500 SF.
      1425 E Glendale Blvd, Valparaiso, IN 46383
      View Details
    • $5,200 /Mo
      2,700 SF

      Downtown Valparaiso Landmark Retail/Office Space

      Prime Valparaiso location with flexible zoning and high visibility.
      107 E Lincolnway, Valparaiso, IN 46383
      View Details
    • $3,000 /Mo
      5,376 SF

      Valparaiso Medical Office Space

      2,688 SF medical office space with optimal layout.
      1651 Thornapple Cir, Valparaiso, IN 46385
      View Details
    • $4,200 /Mo
      3,760 SF

      Valparaiso Office Space For Rent

      Office space available near retail, restaurants, and Valparaiso University.
      2105 Laporte Ave, Valparaiso, IN 46383
      View Details
    • $9,500 /Mo
      10,388 SF

      Valparaiso Commercial Building For Lease

      10,388 SF commercial building with offices and overhead doors.
      906 Calumet Ave, Valparaiso, IN 46383
      View Details
    • $2,323 /Mo
      1,394 SF

      Valparaiso Office Space For Rent

      1,394 SF medical/professional office space near Valparaiso University.
      1861 S Sturdy Rd, Valparaiso, IN 46383
      View Details
    • $2,323 /Mo
      1,394 SF

      Valparaiso Office Space For Rent

      1,394 SF medical or professional office space for lease.
      1861 S Sturdy Rd, Valparaiso, IN 46383
      View Details
    • $16 SF/Yr
      5,860 SF

      Valparaiso Office Space Available

      Office space for rent in Valparaiso, Indiana.
      6 Morgan Blvd, Valparaiso, IN 46383
      View Details
    • $2,400 /Mo
      1,477 SF

      Valparaiso Commercial Building For Lease

      Two-story building suited for office or retail use in Valparaiso.
      755 W Chicago St, Valparaiso, IN 46385
      View Details
    • $800 /Mo
      408 SF

      Furnished Office Space Available

      Furnished office unit with conference room for rent.
      5 S Washington St, Valparaiso, IN 46383
      View Details
    • New
      $10,370 /Mo
      5,562 SF

      Valparaiso Office or Medical Space

      Downtown Valparaiso office or medical clinic/office location for lease.
      808 E Lincolnway, Valparaiso, IN 46383
      View Details

    FAQs

    What type of property is this?
    Office space - Professional office suite in downtown Valparaiso, utilities included.
    Where is this office space located?
    The property is located at 13 Lincolnway, Unit 302 Valparaiso, IN.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Valparaiso location across from the courthouse.; - Monthly rent of $431.; - Utilities and high-speed internet included.
    (219) 241-4039
    Request Owner's contact information
    13 Lincolnway, Unit 302 Valparaiso, IN 46383
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13 Lincolnway, Unit 302
    Valparaiso, IN 46383
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    13 Lincolnway, Unit 302 Valparaiso, IN 46383
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dennis Seramur
    (219) 241-4039
    Learn more
    Google sign-in failed. Please try again or use another login method.