1861 Sturdy Rd Valparaiso, IN 46383
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.