Multi-Tenant Storefront
1805 E Hoffer Street, Kokomo, IN 46902
For Sale
$950,000
COMMERCIAL, Kokomo, IN
Property Size5,508 SF
Lot Size0.57 Acres
Price / SF$172.48
Days on Market216
Property Features for 1805 E Hoffer Street
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Building Details
Year built
Flooring type
Roof type
Listing Agency:
Coldwell Banker Real Estate Group
(765) 289-2228
Listed By:
Jacob Wagner · License IN RB23000239
(317) 448-8852
Added: Apr 10
Changed: Oct 27
Last Checked: Nov 11 at 10:06PM
MLS# 202612400
Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2015, this 5,508-square-foot storefront property includes three tenant spaces configured for multi-tenant commercial use. Interior finishes include tile, mixed flooring, and carpet, with central air conditioning serving the building. A flat roof completes the primary building improvements.
The property occupies 0.57 acres at 1805 E Hoffer Street in Kokomo, Indiana. Its setting provides access to major thoroughfares and places the building near established residential neighborhoods and commercial corridors. The combination of multi-space layout, modern construction, and commercial positioning supports both continued tenant occupancy and future owner use.
The property occupies 0.57 acres at 1805 E Hoffer Street in Kokomo, Indiana. Its setting provides access to major thoroughfares and places the building near established residential neighborhoods and commercial corridors. The combination of multi-space layout, modern construction, and commercial positioning supports both continued tenant occupancy and future owner use.
Key Highlights
- 5,508‑square‑foot storefront building constructed in 2015
- Three tenant spaces within the building
- Situated on 0.57 acres at 1805 E Hoffer Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,828
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,560
$1.2M
Cap Rate 7%
$840,400
$840.4K
Cap Rate 9%
$653,644
$653.6K
Market Conditions
NOI Build-Up for 5,508 SF
Gross rent
$87.9K $15.96/SF
− Vacancy
−$3.9K −$0.70/SF
EGI
$84.0K $15.26/SF
− OpEx
−$25.2K −$4.58/SF
NOI
$58.8K $10.68/SF
Area
Howard County, IN
Vacancy
4.40%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,560
Cap Rate 7%
$840,400
Cap Rate 9%
$653,644
Alternative Uses
Best Use
Retail
$840.4K
$735.4K – $980.5K
NOI $58,828 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,093 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
480k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Apparel 32%
Shops & Services 17%
Leisure 5%
Kohl's
Apparel
47,818 visits/mo
0.3 miles
T.J. Maxx
Apparel
34,296 visits/mo
0.2 miles
Ross Dress for Less
Apparel
34,037 visits/mo
0.4 miles
Gabe's
Shops & Services
31,588 visits/mo
0.1 miles
Starbucks
Dining
26,330 visits/mo
0.3 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Three tenant areas offer flexible commercial occupancy within a recently built building.
Where is this storefront property located?
The property is located at 1805 E Hoffer Street Kokomo, IN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5,508‑square‑foot storefront building constructed in 2015; Three tenant spaces within the building; Situated on 0.57 acres at 1805 E Hoffer Street
