1805 E Hoffer Street, Kokomo, IN 46902
COMMERCIAL - Kokomo, IN
- Added:
- Apr 10, 2026
- Days on Market:
- 87
- Last Refresh:
- Jul 5 at 4:06 am
Property Features for 1805 E Hoffer Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 34-10-06-476-025.000-002
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Year
- 51
- Tax Description
- KOKOMO MALL S/D LOT 6
- Tax Annual Amount
- 23888
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2015
- Flooring type
- Carpet, Tile, Mixed
- Roof type
- Flat
Listing agent Jacob Wagner License #RB23000239 (317) 448-8852
Listing office Coldwell Banker Real Estate Group 400 N High St. Suite 110 (Broker: Adam Ertel), Muncie, IN (765) 289-2228
Listing date Apr 10, 2026
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.
HighLights
- Multi‑tenant commercial building built in 2015
- 5,508 SF building with three tenant spaces
- Central air cooling
- Roof is flat
- Flooring includes mixed, tile, and carpet
Overview
Located at 1805 E Hoffer Street in Kokomo, Indiana, the property offers convenient access to major thoroughfares. The listing notes proximity to established residential neighborhoods and commercial corridors, which can support a consistent mix of local retail traffic.
For prospective buyers, this building may fit investors looking for a multi-space retail structure or owner-users who want the option to occupy one or more spaces while retaining others. With three tenant spaces in place, the layout allows for adaptable tenancy strategies and future occupancy planning, depending on the buyer’s operating goals. The property is presented as a streamlined acquisition for anyone seeking a newer retail asset with room for tenant flexibility.
Local Financial Insights For Retail
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 | $87.9k | $15.96 |
| − Vacancy | −$3.9k | −$0.70 |
| EGI | $84.0k | $15.26 |
| − OpEx | −$25.2k | −$4.58 |
| NOI | $58.8k | $10.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kokomo
- County
- Howard
- State
- Indiana
- Longitude
- -86.1092487
- Latitude
- 40.4658981
