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 Market14
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
(317) 214-0845
Listed By:
Andrew Roberts · License #RB15001499
Source:
Crexi
Added: Aug 7
Changed: Aug 14
Last Checked: Aug 19 at 8:57AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
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
