Multi-Tenant Commercial Building with
1021 E Kercher Rd Goshen, IN 46526
For Sale
Contact for pricing
Condominium-style multi-tenant building with flexible suites and a drive-through food-services end.
Property Size12,000 SF
Price / SF$150
Days on Market1016
Property Features for 1021 E Kercher Rd
General Information
Standard status
Active
Size
12,000 SF
Property subtype
OFFICE
Listing Agency:
RE/MAX Results
(574) 238-1436
Listed By:
Steve Miller · License #CO88900013
(574) 238-1436
Source:
Moodyscre
Added: Oct 17, 2023
Changed: Jul 25
Last Checked: Jul 27 at 12:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results
Investment Insights
Based on property information with market context.
Aesthetically pleasing, condominium-style multi-tenant commercial building designed for suite ownership or leasing. The property offers versatile space that can be tailored to accommodate units of 2,400 square feet or more, making it suitable for a range of uses including office or retail.
The west end is designed for food services and includes a drive-through, while the east end is leased to a popular barbecue restaurant. The property is positioned in a high-traffic area near an industrial park and residential communities, and it is adjacent to a proposed new subdivision with 1,400 homes.
The west end is designed for food services and includes a drive-through, while the east end is leased to a popular barbecue restaurant. The property is positioned in a high-traffic area near an industrial park and residential communities, and it is adjacent to a proposed new subdivision with 1,400 homes.
Key Highlights
- Condominium‑style multi‑tenant building with flexible suite options for owning or leasing
- Suites can be configured for 2,400 SF or more
- West end designed for food services and includes a drive‑through
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $18.00 |
| − Vacancy | −$8.6k | −$0.72 |
| EGI | $207.4k | $17.28 |
| − OpEx | −$51.8k | −$4.32 |
| NOI | $155.5k | $12.96 |
12,000 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,520 @ 7.0% cap · market cap 8.64%
Second Best
Office B
$1.77M
$1.55M – $2.07M
NOI $123,948 @ 7.0% cap · market cap 6.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Condominium-style multi-tenant building with flexible suites and a drive-through food-services end.
Where is this office units located?
The property is located at 1021 E Kercher Rd Goshen, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Condominium‑style multi‑tenant building with flexible suite options for owning or leasing; Suites can be configured for 2,400 SF or more; West end designed for food services and includes a drive‑through
