Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space in High Growth Area Title is generated by Realmo AI

    1103 Joliet St, Dyer, IN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space for rent in a high-growth area.

    Type:OFFICE
    Property size:
    900 SF
    Lot size:
    1.85 Acres
    Added:
    Feb 5, 2025
    Days on Market:
    484
    Last Refresh:
    May 19 at 10:58 pm

    Property Features for 1103 Joliet St

    General Information

    Standard status
    Active
    Size
    900 SF
    Lot size
    1.85 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1103 Joliet St Contact us

    We can help!

    Listing Contact
    Dennis Larson
    Dennis Larson

    Listing agent Dennis Larson

    Listing office Diversified Commercial Real Estate

    Listing date Feb 5, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Diversified Commercial Real Estate

    HighLights

    • High growth area
    • Great tenant mix

    Overview

    This 900-square-foot office space is located in a high-growth area and benefits from a great tenant mix. The property is intended for office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Market & Maple Breakfast ... Take-out & Catering

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dyer
    County
    Lake
    State
    Indiana
    Longitude
    -87.5011
    Latitude
    41.4929

    Nearby Similar for Lease

    • $1,850/Mo
      815 SF

      Dyer Office Space For Rent

      Well-appointed 815 sq ft office space in desirable Dyer location.
      1203 Sheffield Avenue, Dyer, IN 46311
      View Details
    • $28 SF/Yr
      8,484 SF

      Retail Center in Dyer, Indiana

      New retail center with drive-thru availability near Illinois border.
      14805 101st Avenue, Dyer, IN 46311
      View Details
    • $20 SF/Yr
      2,918 SF

      Dyer Mixed-Use Retail/Office Space

      Two-story building in Dyer/St. John area with flexible floor plan.
      14785 W 101st Ave, Dyer, IN
      View Details
    • Contact for pricing
      1,246 SF

      New QSR Construction For Lease

      New quick service restaurant space available in Dyer, Indiana.
      10107 Mondorf Street, Dyer, IN 46311
      View Details
    • Contact for pricing
      5,500 SF

      Medical Time Share Suite

      5,500 SF medical time share suite available for lease.
      425 Joliet St, Dyer, IN 46311
      View Details
    • $4,000/Mo
      2,330 SF

      Dyer Office Space for Rent

      Modern, furnished office space in Dyer, Indiana, near Route 30.
      200 Monticello Dr Ste 2, Dyer, IN, 46311-1386
      View Details
    • Contact for pricing
      6,671 SF

      Dyer Retail and Office Space

      Mixed-use building with retail and office spaces for lease.
      14785 101st Ave, Dyer, IN 46311
      View Details
    • $6,500/Mo
      3,121 SF

      Retail Space with Ample Parking

      Retail property featuring updated exterior and 66 parking spaces.
      1468 Joliet St, Dyer, IN
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Growing Community

      Retail space available in a Starbucks anchored shopping center.
      9939 Wicker Ave, St John, IN
      View Details
    • $28 SF/Yr
      1,246 SF

      Restaurant Unit For Rent

      1,246 SF quick service restaurant unit for lease.
      10107 Mondorf St, Dyer, IN
      View Details
    • $2,300/Mo
      5,000 SF

      Prime Commercial Space Available

      Over 10,000 sqft of commercial space in prime location.
      10201 Calumet Avenue, Dyer, IN 46311
      View Details
    • Contact for pricing
      988 SF

      Retail Space in St. John

      988 SF retail space for lease in St. John, IN.
      10033 Wicker Ave, St John, IN
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent in a high-growth area.
    Where is this office units located?
    The property is located at 1103 Joliet St Dyer, IN.
    What is the lease rate?
    The lease rate is $1,800 /Mo.
    What are key features of this property?
    This property features: High growth area; Great tenant mix
    (219) 836-4740 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dennis Larson
    Dennis Larson
    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
    1103 Joliet St, Dyer, IN
    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!