Medical Office Building with Exam
For Sale
$750,000
2801 Leonard Dr, Valparaiso, IN 46383
Configured for clinical operations with reception, treatment, office, laboratory, and accessible restroom areas.
Property Size3,000 SF
Price / SF$249
Days on Market93
Property Features for 2801 Leonard Dr
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Road Access
Yes
Amenities
skylights
lighted signage
Building Details
Year Built
2008
Buildings
1
Building Size
3,000 SF
Listing Agency:
Seramur Properties, LLC
Listed By:
Kristen Stemple
(219) 510-2519
Source:
Realtopiare
Added: Aug 4
Changed: Oct 26
Last Checked: Oct 7 at 2:49PM
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 Seramur Properties, LLC
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Investment Insights
Based on property information with market context.
This 3,000-square-foot medical office building, constructed in 2008, is arranged for patient care and administrative functions. The interior includes a waiting room, reception area, 6 exam rooms, 1 procedure room, multiple offices, a central lab and nursing station, conference or break room, large filing and utility room, and 2 accessible restrooms. A gurney-sized entry, 3 skylights, and updated building systems add practical functionality, daylight, and accessibility.
The property is located within Eastport Center Commercial Park in Valparaiso, with access from Rt 30 and Rt 2/LaPorte Ave. Its position near Rt 49 provides roadway exposure, while lighted signage serves both the front and rear of the property. Building improvements include 2 new high-efficiency commercial-grade HVAC systems, a new water heater, and a metal roof installed in 2007 and resealed in 2024. The parking lot is resealed every other year.
The property is located within Eastport Center Commercial Park in Valparaiso, with access from Rt 30 and Rt 2/LaPorte Ave. Its position near Rt 49 provides roadway exposure, while lighted signage serves both the front and rear of the property. Building improvements include 2 new high-efficiency commercial-grade HVAC systems, a new water heater, and a metal roof installed in 2007 and resealed in 2024. The parking lot is resealed every other year.
Key Highlights
- 3,000‑square‑foot medical office building constructed in 2008
- 6 exam rooms, 1 procedure room, central lab, and nursing station
- 2 accessible restrooms and a gurney‑sized entry door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,184
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,680
$723.7K
Cap Rate 7%
$516,914
$516.9K
Cap Rate 9%
$402,044
$402.0K
Market Conditions
NOI Build-Up for 3,012 SF
Gross rent
$51.3K $17.04/SF
− Vacancy
−$3.1K −$1.02/SF
EGI
$48.2K $16.02/SF
− OpEx
−$12.1K −$4.00/SF
NOI
$36.2K $12.01/SF
Area
Porter County, IN
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,680
Cap Rate 7%
$516,914
Cap Rate 9%
$402,044
Alternative Uses
Best Use
Healthcare Medical
$1.14M
$998.9K – $1.33M
NOI $79,910 @ 7.0% cap · market cap 10.65%
Second Best
Office B
$516.9K
$452.3K – $603.1K
NOI $36,184 @ 7.0% cap · market cap 4.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Dr. Christopher Keeley — 1259 Sturdy Rd, Valparaiso, IN 46383
- Mc Afee Animal Hospital: Hargarten Andrea DVM — 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
- McAfee Animal Hospital — 651 Eastport Center Dr, Valparaiso, IN 46383
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for clinical operations with reception, treatment, office, laboratory, and accessible restroom areas.
Where is this medical office space located?
The property is located at 2801 Leonard Dr Valparaiso, IN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,000‑square‑foot medical office building constructed in 2008; 6 exam rooms, 1 procedure room, central lab, and nursing station; 2 accessible restrooms and a gurney‑sized entry door
