1348 South Grandstaff Drive, Auburn, IN
Office condos for sale in Auburn Professional Village.
- Added:
- Oct 24, 2024
- Days on Market:
- 599
- Last Refresh:
- May 20 at 8:46 pm
Property Features for 1348 South Grandstaff Drive
General Information
- Standard status
- Active
- Size
- 2,304 SF
- Lot size
- 5.07 Acres
- Property subtype
- OFFICE
Listing agent Ian Smith License #RB14026402 (260) 424-8448
Listing office Sturges Property Group (260) 424-8448
Listing date Oct 24, 2024
Source Moodyscre
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 Sturges Property Group
HighLights
- Contiguous units (1340‑1350) offer a large, combined space of 15,888 SF.
- Located one mile from I‑69 Exit 329, providing excellent accessibility.
- Suitable for a growing business with a variety of floor plans available.
- Positioned in the Auburn Professional Village, a recognized business location.
- Close proximity to downtown Auburn.
- Located near established businesses such as Auburn BMV Branch, Lassiter Advertising, and Fort Financial Credit Union.
Overview
Local Financial Insights For Office B
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 | $33.2k | $14.40 |
| − Vacancy | −$8.0k | −$3.46 |
| EGI | $25.2k | $10.94 |
| − OpEx | −$6.3k | −$2.74 |
| NOI | $18.9k | $8.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- DeKalb
- State
- Indiana
- Longitude
- -85.0705
- Latitude
- 41.3577
