Mishawaka Medical Office Investment
3730 Edison Lakes Pkwy Mishawaka, IN
For Sale
Contact for pricing
Leased medical office space with long-term tenant commitment.
Property Size6,706 SF
Lot Size1.22 Acres
Price / SF$132.52
Days on Market1041
Property Features for 3730 Edison Lakes Pkwy
General Information
Standard status
Active
Size
6,706 SF
Lot size
1.22 Acres
Property subtype
OFFICE
Listing Agency:
Matthews Real Estate Investment Services
(262) 672-8388
Listed By:
Kyle Mackulak
(262) 672-8388
Source:
Moodyscre
Added: Sep 22, 2023
Changed: Jul 10
Last Checked: Jul 21 at 6:09AM
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 Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
This 6,706 square foot property is located at 3730 Edison Lakes Pkwy in Mishawaka, IN. The property is currently leased to a tenant in the autism spectrum disorder therapeutics market. The tenant has recently committed to a 5-year lease term, extending from January 2023 to December 2027, demonstrating a commitment to the location. Autism therapy practices tend to remain in place due to patient retention and moving costs.
Key Highlights
- Tenant secured with a new 5‑year lease running through December 2027.
- Autism Therapy practices rarely relocate, ensuring stable tenancy.
- Patient retention challenges make relocation difficult for this type of business.
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 | $95.0k | $14.16 |
| − Vacancy | −$20.9k | −$3.12 |
| EGI | $74.1k | $11.04 |
| − OpEx | −$18.5k | −$2.76 |
| NOI | $55.5k | $8.28 |
6,706 SF · lease $14.16/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$793.6K
$694.4K – $925.8K
NOI $55,550 @ 7.0% cap · market cap 6.25%
Second Best
Healthcare Medical
$652.2K
$570.7K – $760.9K
NOI $45,654 @ 7.0% cap · market cap 5.14%
Theoretical Best
Retail
$1.33M
$1.16M – $1.55M
NOI $93,085 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Mishawaka Animal Care Center — 129 W Edison Rd, Mishawaka, IN 46545
- Magrane Pet Medical Center — 3945 Edison Lakes Pkwy, Mishawaka, IN 46545
Frequently Asked Questions
What type of property is this?
Medical Office Space - Leased medical office space with long-term tenant commitment.
Where is this medical office space located?
The property is located at 3730 Edison Lakes Pkwy Mishawaka, IN.
What is the asking price?
The asking price for this property is $888,659.
What are key features of this property?
This property features: Tenant secured with a new 5‑year lease running through December 2027.; Autism Therapy practices rarely relocate, ensuring stable tenancy.; Patient retention challenges make relocation difficult for this type of business.
