Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1861 S Sturdy Road unit B Valparaiso, IN 46383

    View on Map
    Claim this Listing
    For Lease
    $2,323/Mo $20 SF/Yr (calc)

    COMMERCIAL - Valparaiso, IN

    Property size:
    1,394 SF
    Lot size:
    33.89 Acres
    Added:
    Nov 13, 2025
    Days on Market:
    173
    Last Refresh:
    May 5 at 11:06 pm

    Property Features for 1861 S Sturdy Road unit B

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    1,394 SF
    Lot size
    33.89 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    W SIDE SE BET RRS 30-35-5 34A
    Tax Annual Amount
    14944

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Well

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Matt Evans
    Matt Evans

    Listing agent Matt Evans License #5452673

    Listing office RE/MAX Lifestyles 831 E. Lincolnway, Valparaiso, IN

    Listing date Nov 13, 2025

    MLS# 830797

    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.

    Overview

    Valparaiso Office Space For Rent

    Available for lease is approximately 1,394 square feet of medical or professional office space located on the south side of Valparaiso, Indiana, near Valparaiso University and Walmart, south of US Highway 30 off of Sturdy Road. Constructed in 2006, the space is ready for tenant build-out and features high ceilings and good window exposure. The building provides excellent parking. It is serviced by city sewer and well water. The lease structure is base rate plus NNNs/CAMs. Landlord build-out participation is negotiable, subject to finish quotes. A minimum lease term of 3 years is sought, with a preference for a 5-year minimum lease. The property is located in Porter County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Dr. Christopher Keeley — 1259 Sturdy Rd, Valparaiso, IN 46383

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.034049
    Latitude
    41.450657

    Nearby Similar for Lease

    • $10,370/Mo

      Valparaiso Office or Medical Space

      Downtown Valparaiso office or medical clinic/office location for lease.
      808 - 810 E Lincolnway, Valparaiso, IN 46383
      View Details
    • $431/Mo

      Downtown Valparaiso Office Suite

      Professional office suite in downtown Valparaiso, utilities included.
      13 Lincolnway unit: 302, Valparaiso, IN 46383
      View Details
    • $2,323/Mo

      Valparaiso Office Space For Rent

      1,394 SF medical or professional office space for lease.
      1861 S Sturdy Road unit: C, Valparaiso, IN 46383
      View Details
    • $5,000/Mo

      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
    • $595/Mo

      Downtown Valparaiso Office Suite

      Professional office suite in downtown Valparaiso, Indiana.
      13 Lincolnway unit: 202, Valparaiso, IN 46383
      View Details
    • $800/Mo

      Furnished Office Space Available

      Furnished office unit with conference room for rent.
      5 S Washington Street unit: 325, Valparaiso, IN 46383
      View Details
    • $2,400/Mo

      Valparaiso Commercial Building For Lease

      Two-story building suited for office or retail use in Valparaiso.
      755 W Chicago Street, Valparaiso, IN 46385
      View Details
    • $9,500/Mo

      Valparaiso Commercial Building For Lease

      10,388 SF commercial building with offices and overhead doors.
      906 Calumet Avenue, Valparaiso, IN 46383
      View Details
    • $800/Mo

      Valparaiso Office Space For Rent

      Main floor office with utilities and internet included.
      470 Vale Park Road, Valparaiso, IN 46385
      View Details
    • $35 SF/Yr

      Valparaiso Medical Facility For Lease

      Newly renovated Class A medical facility with up to 32,500 SF.
      1425 E Glendale Boulevard, Valparaiso, IN 46383
      View Details
    • Contact for pricing

      Valparaiso Warehouse with Office Space

      6,000 SF building with warehouse and office near Route 49.
      1111 East Glendale Boulevard, Valparaiso, IN 46383
      View Details
    • $16 SF/Yr

      Valparaiso Office Space Available

      Office space for rent in Valparaiso, Indiana.
      6 Morgan Boulevard, Valparaiso, IN 46383
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 1,394 SF medical/professional office space near Valparaiso University.
    Where is this medical office space located?
    The property is located at 1861 S Sturdy Road unit B Valparaiso, IN.
    What is the lease rate?
    The lease rate is $2,323 /Mo.
    What are key features of this property?
    This property features: Ready for build‑out, allowing customization for medical or professional office use.; Excellent parking in front of the building.; Newer building constructed in 2006.
    (219) 241-8401
    We can help!
    Listing Contact
    Matt Evans
    Matt Evans
    Real Estate License ID: 5452673
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1861 S Sturdy Road unit: B, Valparaiso, IN 46383
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!