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    9711 Valparaiso Dr Munster, IN 46321

    • Office Properties & Spaces
    • 12,579 SF
    • 1.92 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US31-0448610
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Millies Engineering Group / Engineering Consultant / Audio Visual Consultant
    • Performance Physical Therapy / Physical Therapist
    • Layous Medical Group / Doctor
    • Dr. Fadi Layous / Pulmonologist
    • Specialized Inventory / Convenience Store

    Property Details for 9711 Valparaiso Dr

    Year built
    1992
    Construction
    WOOD
    Lot size
    1.92 lot acres
    Property size
    12,579 SF
    Property type
    Office Properties & Spaces
    APN
    45-06-36-228-002.000-027
    APU
    450636228002000027

    Description

    This exceptional 2,785 square foot medical office space, located within the 12,579 square foot Gateway Office Center in Munster, Indiana, presents a unique opportunity. Situated on a 1.94-acre lot in Lake County (zip code 46321), this single-tenant space boasts a prime location across from Centennial Park and near numerous amenities including Franciscan Munster Hospital, restaurants, and retail establishments. The interior features a reception area, five exam rooms (adaptable as offices, totaling nine potential offices), four offices, a lab, a breakroom, and two ADA-compliant bathrooms. Large windows offer abundant natural light and views of the landscaped grounds. Three alternative floor plans are available, showcasing the space's versatility. The lease is a modified gross lease

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Munster
    County
    Lake
    State
    Indiana
    Longitude
    -87.5107
    Latitude
    41.5358
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $41,537
    $449,500
    $1,100,600
    $1,550,100
    -
    $449,500
    $1,100,600
    $1,550,100

    Comparable in this City

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    • Value Estimation
      $445,000
      10,986 SF

      8635 Calumet Ave

      OFFICE (GENERAL) • 10,986 SF
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      View Details

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    Munster, IN 46321
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    Realmo Value Estimation

    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.

    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.

    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
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