Medical Office with Exam
New
For Sale
$500,000
807 E Glendale, Valparaiso, IN 46383
Commercial Sale, Valparaiso, IN
Property Size3,758 SF
Lot Size0.53 Acres
Price / SF$133.05
Days on Market3
Property Features for 807 E Glendale
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Rooms
Basement
Parking
17
Parking features
Off Street, Driveway
Security features
Security System
Interior features
Entrance Foyer
Exterior features
Private Yard
Basement
Partially Finished, Storage Space, Interior Entry
Accessibility
Accessible Approach with Ramp
Appliances
Gas Water Heater
Subdivision
Myrtlewood 1st Add
Lot features
Back Yard, Paved, Landscaped
View
City
Elementary school district
Valparaiso
Middle school district
Valparaiso
High school district
Valparaiso
Directions
Calumet Avenue to Glendale Boulevard. Turn East. Second building on North side of Street.
Standard status
Active
APN
640913280005000004
Size
3,758 SF
Lot size
0.53 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Description
MYRTLEWOOD 1ST ADD E229 S10 LT 7 & E229 LOT 8 99-18865 TIF
Tax Annual Amount
6566
Legal Description
MYRTLEWOOD 1ST ADD E229 S10 LT 7 & E229 LOT 8 99-18865 TIF
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1952
Listing Agency:
BHHS Indiana Realty · Berkshire Hathaway HomeServices
(219) 464-8521
Listed By:
Mitzi Wingenroth
(219) 241-2101
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 30 at 1:06AM
MLS# 847543
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.
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Investment Insights
Based on property information with market context.
Configured for medical office use, this 3,758-square-foot property includes a reception and waiting area, four exam rooms, two private offices, and a flexible room. The building dates to 1952 and has an accessible approach with a ramp, forced-air natural gas heat, and a gas water heater. Public water and sewer serve the property.
The 0.525-acre site provides 17 off-street parking spaces and additional area behind the building for expansion. Commercial zoning accommodates the office configuration, with dental, medical, accounting, and insurance uses identified for the property.
The 0.525-acre site provides 17 off-street parking spaces and additional area behind the building for expansion. Commercial zoning accommodates the office configuration, with dental, medical, accounting, and insurance uses identified for the property.
Key Highlights
- 3,758‑square‑foot medical office building
- Four exam rooms, two offices, reception area, and a flexible room
- 0.525‑acre site with 17 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,146
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,920
$902.9K
Cap Rate 7%
$644,943
$644.9K
Cap Rate 9%
$501,622
$501.6K
Market Conditions
NOI Build-Up for 3,758 SF
Gross rent
$64.0K $17.04/SF
− Vacancy
−$3.8K −$1.02/SF
EGI
$60.2K $16.02/SF
− OpEx
−$15.0K −$4.00/SF
NOI
$45.1K $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%
$902,920
Cap Rate 7%
$644,943
Cap Rate 9%
$501,622
Alternative Uses
Best Use
Healthcare Medical
$1.42M
$1.25M – $1.66M
NOI $99,702 @ 7.0% cap · market cap 19.94%
Second Best
Office B
$644.9K
$564.3K – $752.4K
NOI $45,146 @ 7.0% cap · market cap 9.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Valparaiso Animal Hospital — 815 Calumet Ave, Valparaiso, IN 46383
- Hall Dana DVM — 1906 Calumet Ave, Valparaiso, IN 46383
- Juhlin Kim DVM — 2606 Valley Dr, Valparaiso, IN 46383
- Donohue Bill DVM — 2606 Valley Dr, Valparaiso, IN 46383, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial zoning and municipal utilities support office use in a purpose-configured building.
Where is this medical office space located?
The property is located at 807 E Glendale Valparaiso, IN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,758‑square‑foot medical office building; Four exam rooms, two offices, reception area, and a flexible room; 0.525‑acre site with 17 parking spaces
