Corner Office
For Sale
$659,000
2341 W Lincoln Rd, Kokomo, IN 46902
Office property suited for owner occupancy, leasing, or inclusion in an investment portfolio.
Property Size3,418 SF
Price / SF$192.80
Days on Market23
Property Features for 2341 W Lincoln Rd
General Information
Standard status
Active
Size
3,418 SF
Building Details
Year Built
1987
Listing Agency:
The Hardie Group
Listed By:
Laura Cardwell
(765) 776-1911
Source:
Callcriswell
Added: Sep 15
Changed: Oct 1
Last Checked: Oct 5 at 10:41PM
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 The Hardie Group
Investment Insights
Based on property information with market context.
This office building has a reported property size of 3,418 and was built in 1987. The property is positioned at a high-traffic corner and is presented for office occupancy, leasing, or investment use.
Located at 2341 W Lincoln Rd in Kokomo, Indiana, the property offers an established office asset with multiple potential ownership or occupancy approaches.
Located at 2341 W Lincoln Rd in Kokomo, Indiana, the property offers an established office asset with multiple potential ownership or occupancy approaches.
Key Highlights
- Office building with a reported property size of 3,418
- Built in 1987
- Located at a high‑traffic corner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,069
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,380
$701.4K
Cap Rate 7%
$500,986
$501.0K
Cap Rate 9%
$389,656
$389.7K
Market Conditions
NOI Build-Up for 3,418 SF
Gross rent
$61.5K $18.00/SF
− Vacancy
−$14.8K −$4.32/SF
EGI
$46.8K $13.68/SF
− OpEx
−$11.7K −$3.42/SF
NOI
$35.1K $10.26/SF
Area
Howard County, IN
Vacancy
24.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,380
Cap Rate 7%
$500,986
Cap Rate 9%
$389,656
Alternative Uses
Best Use
Office B
$501.0K
$438.4K – $584.5K
NOI $35,069 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.69M
$2.36M – $3.14M
NOI $188,417 @ 7.0% cap · market cap 28.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 46902, IN
36,038
Population
18,004
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
50.7 sq mi
ZIP Area
711
Density / Sq Mi
$59,548
Median Household Income
$36,902
Median Earnings
$929
Median Rent
$154,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Office property suited for owner occupancy, leasing, or inclusion in an investment portfolio.
Where is this office building located?
The property is located at 2341 W Lincoln Rd Kokomo, IN.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Office building with a reported property size of 3,418; Built in 1987; Located at a high‑traffic corner
