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Property profile & analytics
FOR LEASE
Medical Office Space

1861 Sturdy Rd Valparaiso, IN 46383

10,424 SF 33.89 ac lot Built 2006
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US31-0725859
Property summary
AI-generated overview

This exceptional 1,394 square foot office space, situated on the south side of Valparaiso, offers a prime location near Valparaiso University and Walmart, conveniently south of US Highway 30 off Sturdy Road. The property, constructed in 2006, is a single-story building featuring two available units ideal for medical or professional office use. Each unit boasts high ceilings and ample natural light from generous windows. The building provides excellent on-site parking, a significant advantage for both staff and clients. Utilities include city sewer and well water. The lease terms are flexible, with a minimum three-year lease preferred, and a five-year lease highly desirable. The rental rate is a base rate plus NNNs/CAMs. Landlord participation in tenant build-out is negotiable, contingent upon receiving detailed finish quotes. The space is currently ready for tenant build-out, allowing for complete customization to meet specific business needs. This presents a unique opportunity to establish a thriving practice in a highly visible and accessible location within a well-maintained, modern building. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this exceptional property.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Construction WOOD
Total area 10,424 SF
Lot 33.89 ac (1,476,336 SF)
APN 64-10-30-451-001.000-003
UPID US31-0725859
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Applegarth Properties LLC
Applegarth Properties LLC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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