Property profile

1651 Thornapple Cir Valparaiso, IN 46385

OFF-MARKET
Medical Office Space
Property ID
US31-0018905
5,376 SF 0.74 ac lot Built 1992
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

A medical office suite totaling approximately 1,800 square feet is situated on the south side of a larger building. The shared lobby includes a reception window for each tenant, a waiting-patient restroom, and a reception area designed to manage patient traffic, with convenient access to a small private administrative office. The suite layout includes four adaptable rooms that can function as exam rooms or offices, along with two lab rooms; one lab room is set up to serve as a staff breakroom. An in-suite private restroom is provided for staff and patients. The suite is positioned along highly trafficked US Highway 30, with access to nearby routes including State Road 2 (about one mile) and State Road 49 (about three miles). The property provides shared parking with 43 spaces, including two handicap-accessible spaces.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1992
Construction WOOD
Total area 5,376 SF
Lot 0.74 ac (32,234 SF)
APN 64-09-26-155-003.000-004
UPID US31-0018905

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician

Location

1651 Thornapple Cir Valparaiso, IN 46385-5496
Valparaiso metro Census 50605 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
5 recorded transactions
2025
$636,000
2024
Price N/A
2024
Price N/A
2021
Price N/A
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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