Mixed-Use Warehouse and
457 S Campbell St Valparaiso, IN 46385
For Sale
$799,000
Pending
Flex-style property includes multiple warehouse spaces and commercial offices, with most units currently rented.
Property Size8,054 SF
Days on Market348
Property Features for 457 S Campbell St
General Information
Standard status
Pending
Size
8,054 SF
Listing Agency:
Seramur Properties, LLC
(219) 241-4039
Listed By:
Dennis Seramur · License #RB14028997
(219) 241-4039
Source:
Exprealty
Added: Aug 14, 2025
Changed: Jul 22
Last Checked: Jul 25 at 3:01PM
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
Investment Insights
Based on property information with market context.
This property offers a combination of warehouse and office space in a flex-style configuration, totaling approximately 8,000 square feet. The building is currently set up as three warehouse spaces and five commercial offices, with 3/4 of the units rented. The current owner may consider a sale and leaseback arrangement.
The property is located in the middle of future development, as the city owns surrounding properties around the parcel and plans are set for additional development.
Buyers and investors should note the existing tenant occupancy across warehouse and office components, supporting multiple use options within one ownership.
The property is located in the middle of future development, as the city owns surrounding properties around the parcel and plans are set for additional development.
Buyers and investors should note the existing tenant occupancy across warehouse and office components, supporting multiple use options within one ownership.
Key Highlights
- 8000 SF warehouse and office building with 3 warehouse spaces and 5 commercial offices
- Units are 3/4 rented, providing existing in‑place occupancy
- Flex‑style layout combines warehouse space with commercial office space
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.2k | $9.96 |
| − Vacancy | −$6.6k | −$0.82 |
| EGI | $73.6k | $9.14 |
| − OpEx | −$25.8k | −$3.20 |
| NOI | $47.9k | $5.94 |
8,054 SF · lease $9.96/SF/yr · vacancy 8.21% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,754 @ 7.0% cap · market cap 12.11%
Second Best
Flex RnD
$683.7K
$598.3K – $797.7K
NOI $47,861 @ 7.0% cap · market cap 5.99%
Theoretical Best
Healthcare Medical
$3.05M
$2.67M – $3.56M
NOI $213,677 @ 7.0% cap · market cap 26.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Gourmet Express — 1256 W Morthland Dr, Valparaiso, IN 46385
Frequently Asked Questions
What type of property is this?
Flex space - Flex-style property includes multiple warehouse spaces and commercial offices, with most units currently rented.
Where is this flex space located?
The property is located at 457 S Campbell St Valparaiso, IN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 8000 SF warehouse and office building with 3 warehouse spaces and 5 commercial offices; Units are 3/4 rented, providing existing in‑place occupancy; Flex‑style layout combines warehouse space with commercial office space
