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Office Unit with Private Office
For Lease
$600/Mo

1203 Formula Dr, Valparaiso, IN 46383

Leasable office space includes a washroom, signage opportunities, and access to five parking spots.

Space SizeContact for details
Days on Market12

Property Features for 1203 Formula Dr

General Information

Standard status Active
Total Parking Spaces 5

Space & Availability

Space Use Office
Private Offices 1

Taxes and HOA fees

Annual Taxes $15,217

Amenities

signage opportunities
Listing Agency: Pinnacle Realty, LLC
Listed By: Charity Thatcher-Curtis
Source: Exprealty
Added: Sep 4 Changed: Sep 13 Last Checked: Sep 14 at 10:15AM

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 Pinnacle Realty, LLC

Investment Insights

Based on property information with market context.

This office unit is available for lease and measures 3,600 square feet. The layout includes a private office and washroom, with potential for a separate waiting room. Signage opportunities are available on the front and roadside portions of the building.

Tenant access includes five parking spots. The property is offered for office use with the existing private-office configuration and on-site parking arrangement.

Key Highlights

  • 3,600‑square‑foot office unit available for lease
  • Private office with washroom
  • Potential for a private waiting room

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$0.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

561
Businesses Nearby

Demographics for 46383, IN

41,981
Population
18,343
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
95%
High-School Grad
87.5 sq mi
ZIP Area
480
Density / Sq Mi
$75,575
Median Household Income
$43,065
Median Earnings
$1,144
Median Rent
$258,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Valparaiso, IN

$21.59 /SF/Yr
Avg Asking Price
$2–$42.94 /SF/Yr
Price Range
2,756 SF
Avg Space Size

This space is priced 91% below the average of $21.59 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Leasable office space includes a washroom, signage opportunities, and access to five parking spots.
Where is this office units located?
The property is located at 1203 Formula Dr Valparaiso, IN.
What is the lease rate?
The lease rate is $600/Mo.
What are key features of this property?
This property features: 3,600‑square‑foot office unit available for lease; Private office with washroom; Potential for a private waiting room
More about this property
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