Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1251 Eastport Centre Dr Valparaiso, IN 46383

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Former medical office space in Eastport development, Valparaiso.

    Type:OFFICE
    Property size:
    908 SF
    Lot size:
    3.29 Acres
    Added:
    Sep 16, 2025
    Days on Market:
    226
    Last Refresh:
    Apr 5 at 8:22 pm

    Property Features for 1251 Eastport Centre Dr

    General Information

    Standard status
    Active
    Size
    908 SF
    Lot size
    3.29 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1251 Eastport Centre Dr Contact us

    We can help!

    Listing Contact
    Steven (Steve) Nicksic

    Listing agent Steven (Steve) Nicksic

    Listing office Bradley Company | Merrillville

    Listing date Sep 16, 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 Bradley Company | Merrillville

    Overview

    Eastport Medical Office Space Available

    This former medical office is located in the Eastport Development on the east side of Valparaiso, Indiana. The location provides convenient access to IN-49, IN-2, and US-30. It is situated less than one mile from Porter County Airport, Ivy Tech, and the central retail area of Valparaiso. Eastport is home to Ivy Tech College, Chester Inc., NIPSCO, a Social Security Hearing Office, and various other medical, office, and light industrial users. The property offers 908 square feet of space and monument signage is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Similar Places Nearby

    • McAfee Animal Hospital — 651 Eastport Center Dr, Valparaiso, IN 46383
    • Mc Afee Animal Hospital: Hargarten Andrea DVM — 651 Eastport Center Dr, Valparaiso, IN 46383
    • Dr. Danielle Walker — 651 Eastport Center Dr, Valparaiso, IN 46383
    • Dr. Steve Violanti — 651 Eastport Center Dr, Valparaiso, IN 46383
    • Rafols Danielle DVM — 651 Eastport Center Dr, Valparaiso, IN 46383

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.022
    Latitude
    41.4571

    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/professional office space near Valparaiso University.
      1861 S Sturdy Road unit: B, 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
    • $15 SF/Yr

      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

    FAQs

    What type of property is this?
    Medical Office Space - Former medical office space in Eastport development, Valparaiso.
    Where is this medical office space located?
    The property is located at 1251 Eastport Centre Dr Valparaiso, IN.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Excellent Location: Easy access to IN‑49, IN‑2, and US‑30.; Proximity to Key Locations: Less than a mile from Porter County Airport, Ivy Tech, and Valparaiso's retail center.; Established Eastport Development: Located in a well‑known area with Ivy Tech, Chester Inc., NIPSCO, and other businesses.
    (219) 508-0554 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven (Steve) Nicksic
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!