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    Medical Office Space Ready for Buildout Title is generated by Realmo AI

    1861 Sturdy Road, Valparaiso, IN 46383

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    For Lease
    $2,323/Mo $20 SF/Yr (calc)

    COMMERCIAL - Valparaiso, IN

    Type:Office
    Property size:
    1,394 SF
    Lot size:
    33.89 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 1861 Sturdy Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    641030451001000003
    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

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    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 Jun 3, 2026

    MLS# 840044

    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.

    HighLights

    • Approximately 1,394 SF medical or professional office space on the south side of Valparaiso near Valparaiso University and Walmart
    • Ready for tenant build‑out with landlord buildout participation negotiable subject to finish quotes
    • 2006 building with high ceilings and good windows
    • Excellent front parking available
    • Utilities include natural gas with forced‑air heat; well water and public sewer
    • Lease terms: minimum 3‑year lease requested, with preference for 5‑year minimum; base rate plus NNNs/CAMs

    Overview

    Approximately 1,394 SF of medical or professional office space is available in a newer 2006-built building at 1861 Sturdy Road in Valparaiso, IN. The suite is ready for tenant build-out, and the space offers high ceilings and good windows to support a range of office layouts. Parking is located in front of the building, providing straightforward customer and staff access. Utilities include city sewer and well.

    The property is on the south side of Valparaiso near Valparaiso University and Walmart, south of US Hwy 30 and off Sturdy Road. This setting supports convenient access for clients and employees from the surrounding commercial and institutional area.

    The landlord’s buildout participation is negotiable, subject to finish quotes. Lease terms require a minimum 3-year term, with the landlord preferring 5-year minimums. The rental structure is base rate plus NNNs/CAMs, making it important for prospective tenants to review operating cost expectations as part of their planning. For qualified medical or professional operators looking for a space that can be tailored during initial occupancy, this suite is well suited for a planned build-out.
    Property Profile 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
    • Valparaiso Animal Veterinarian Group — 2401 Beech St, Valparaiso, IN 46383

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.035199
    Latitude
    41.451801

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    FAQs

    What type of property is this?
    Medical Office Space - Newer medical/professional office in a 2006 building with strong parking and build-out flexibility for long-term tenants.
    Where is this medical office space located?
    The property is located at 1861 Sturdy Road Valparaiso, IN.
    What is the lease rate?
    The lease rate is $2,323 /Mo.
    What are key features of this property?
    This property features: Approximately 1,394 SF medical or professional office space on the south side of Valparaiso near Valparaiso University and Walmart; Ready for tenant build‑out with landlord buildout participation negotiable subject to finish quotes; 2006 building with high ceilings and good windows
    (219) 241-8401
    We can help!
    Listing Contact
    Matt Evans
    Matt Evans
    Real Estate License ID: 5452673
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    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.

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