Suite C Medical Office
For Sale
Contact for pricing
1542 South Dixon Road, Kokomo, IN 46902
Professionally maintained suite with private offices, administrative workspace, and a reception area.
Property Size1,320 SF
Price / SF$151.44
Days on Market62
Property Features for 1542 South Dixon Road
General Information
Standard status
Active
Size
1,320 SF
Class
C
Property subtype
Office
Additional Details
Office Units
1
Building Details
Year Built
2005
Year Renovated
2018
Units
1
Tenancy
Single
Listing Agency:
Roberts Realty LLC
Listed By:
Andrew Roberts · License #RB15001499
(317) 214-0845
Source:
Crexi
Added: Aug 7
Changed: Oct 1
Last Checked: Oct 7 at 12:02PM
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 Roberts Realty LLC
Investment Insights
Based on property information with market context.
Suite C is a 1,320 SF professional office condominium at 1542 South Dixon Road in Kokomo, Indiana. Built in 2005, the space is arranged for medical and professional office operations, with a reception and waiting area, reception window, several private offices, administrative workspace, restroom, and connecting hallway.
The suite is professionally maintained and supports medical, counseling, behavioral health, and general professional office use. Interior showings are available by appointment with advance notice, and the current tenant should not be disturbed.
The suite is professionally maintained and supports medical, counseling, behavioral health, and general professional office use. Interior showings are available by appointment with advance notice, and the current tenant should not be disturbed.
Key Highlights
- 1,320 SF professional office condominium
- Built in 2005
- Reception and waiting area with reception window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,543
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,860
$270.9K
Cap Rate 7%
$193,471
$193.5K
Cap Rate 9%
$150,478
$150.5K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$23.8K $18.00/SF
− Vacancy
−$5.7K −$4.32/SF
EGI
$18.1K $13.68/SF
− OpEx
−$4.5K −$3.42/SF
NOI
$13.5K $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%
$270,860
Cap Rate 7%
$193,471
Cap Rate 9%
$150,478
Alternative Uses
Best Use
Office B
$193.5K
$169.3K – $225.7K
NOI $13,543 @ 7.0% cap · market cap 6.77%
Second Best
Healthcare Medical
$61.7K
$54.0K – $72.0K
NOI $4,317 @ 7.0% cap · market cap 2.16%
Theoretical Best
Warehouse
$1.04M
$909.6K – $1.21M
NOI $72,765 @ 7.0% cap · market cap 36.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professionally maintained suite with private offices, administrative workspace, and a reception area.
Where is this medical office space located?
The property is located at 1542 South Dixon Road Kokomo, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,320 SF professional office condominium; Built in 2005; Reception and waiting area with reception window
