Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Valparaiso Office Space Available Title is generated by Realmo AI

    6 Morgan Boulevard, Valparaiso, IN 46383

    View on Map
    Claim this Listing
    For Lease
    $16 SF/Yr $7,813/Mo (calc)

    COMMERCIAL - Valparaiso, IN

    Type:Office
    Property size:
    5,860 SF
    Lot size:
    0.08 Acres
    Added:
    Aug 12, 2024
    Days on Market:
    641
    Last Refresh:
    May 14 at 9:06 pm

    Property Features for 6 Morgan Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    On Street
    Standard status
    Active
    APN
    640924341002000004
    Size
    5,860 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Os S50 Lot 3 Outlot 3
    Tax Annual Amount
    5155

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Water source
    Public

    Building Details

    Year built
    1915

    We can help!

    Listing Contact
    Ryan Peters
    Ryan Peters

    Listing agent Ryan Peters License #RB14047099

    Listing office StreetFront, LLC 6 Morgan Blvd, Valparaiso, IN

    Listing date Aug 12, 2024

    MLS# 808397

    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

    • Large open space offering flexible layout options (2700 sf and 800 sf available).
    • Includes a conference room and a large executive office.
    • Features a kitchen and reception area.
    • Multiple restroom facilities (2 in the 2700 sf space, 1 private in the 800 sf space).
    • Central heating.
    • Located in a building built in 1915.

    Overview

    This commercial property in Valparaiso, Indiana, offers office spaces for rent. The second level features a 2700-square-foot space with an open layout, a conference room, a large executive office, a kitchen, a reception area, and two restrooms. An additional 800-square-foot space is available on the second level, described as a large space where offices could be built out, and includes a private restroom. The property is situated on a lot of 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Valparaiso
    County
    Porter
    State
    Indiana
    Longitude
    -87.056947
    Latitude
    41.468387

    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, 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
    • $800/Mo

      Valparaiso Office Space For Rent

      Main-floor office space with private entrance and utilities included.
      470 Vale Park Road, Valparaiso, IN 46385
      View Details
    • $595/Mo

      Downtown Valparaiso Office Suite

      Professional office suite in downtown Valparaiso, Indiana.
      13 Lincolnway, Valparaiso, IN 46383
      View Details
    • $800/Mo

      Furnished Office Space Available

      Furnished office unit with conference room for rent.
      5 S Washington Street, 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
    • $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
    • Contact for pricing

      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
    • Contact for pricing

      Valparaiso Retail Space on US 30

      Retail space for lease on US 30 in Valparaiso, IN.
      2106 Morthland Drive, Valparaiso, IN 46383
      View Details
    • Contact for pricing

      Class A Office Building

      Premier office building with distinctive architecture and strategic downtown location.
      300 East Lincolnway, Valparaiso, IN 46383
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent in Valparaiso, Indiana.
    Where is this office units located?
    The property is located at 6 Morgan Boulevard Valparaiso, IN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Large open space offering flexible layout options (2700 sf and 800 sf available).; Includes a conference room and a large executive office.; Features a kitchen and reception area.
    (219) 510-3720
    We can help!
    Listing Contact
    Ryan Peters
    Ryan Peters
    Real Estate License ID: RB14047099
    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

    Thank You for Inquiry
    6 Morgan Boulevard, Valparaiso, IN 46383
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!