8204 Kennedy Avenue Highland, IN 46322
Office with garage, kitchenette, and high-visibility signage available for sale.
Property Features for 8204 Kennedy Avenue
General Information
- Standard status
- Active
- Size
- 816 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1949
Listing office AIM Real Estate (219) 290-6888
Listing date Aug 5, 2024
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility location on Kennedy Ave. with over 30,000 vehicles passing daily.
- Two‑car garage modified to accommodate a 10ft high truck.
- Functional office space with two private offices, kitchenette, and bathroom.
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 | $11.8k | $14.40 |
| − Vacancy | −$1.9k | −$2.30 |
| EGI | $9.9k | $12.10 |
| − OpEx | −$2.5k | −$3.02 |
| NOI | $7.4k | $9.07 |
