Updated Flex Facility with
For Sale
$1,175,000
1811 E Havens St, Kokomo, IN 46901
LI-zoned property combines substantial warehouse space with refreshed offices and employee-oriented amenities.
Property Size12,635 SF
Lot Size1.56 Acres
Price / SF$92
Days on Market86
Property Features for 1811 E Havens St
General Information
Standard status
Active
Size
12,635 SF
Lot size
1.56 Acres
Zoning
LI
Warehouse & Industrial
Clear Height
15 ft
Office Build-Out
2,800 SF
Additional Details
Highway Access
Yes
Amenities
conference room
break room
Building Details
Year Built
1992
Listing Agency:
F.C. Tucker-Tomlinson
Listed By:
Susie Woolley
(765) 776-1938
Source:
Callcriswell
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 7 at 5:46PM
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 F.C. Tucker-Tomlinson
Investment Insights
Based on property information with market context.
This flex facility combines more than 10,000 square feet of warehouse area with 2,800 square feet of office space. The warehouse includes 15-foot ceilings, two 15-foot doors, and a 12-by-14-foot overhead door. Office improvements include a conference room, large break room, three bathrooms, and multiple offices.
The property is positioned just off US 931 on a 1.56-acre site. The office areas have updated flooring, drywall, paint, light fixtures, and blinds. A 2024 improvement program added two high-efficiency furnaces, central air, fresh interior and exterior paint, and a newly paved parking lot. The property is zoned LI.
The property is positioned just off US 931 on a 1.56-acre site. The office areas have updated flooring, drywall, paint, light fixtures, and blinds. A 2024 improvement program added two high-efficiency furnaces, central air, fresh interior and exterior paint, and a newly paved parking lot. The property is zoned LI.
Key Highlights
- More than 10,000 sq ft of warehouse space with 15' ceilings
- 2 15' doors and 12x14 overhead door
- 2,800 sq ft of office space with multiple offices, conference room, break room, and 3 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,699
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,980
$754.0K
Cap Rate 7%
$538,557
$538.6K
Cap Rate 9%
$418,878
$418.9K
Market Conditions
NOI Build-Up for 12,635 SF
Gross rent
$62.2K $4.92/SF
− Vacancy
−$4.2K −$0.33/SF
EGI
$58.0K $4.59/SF
− OpEx
−$20.3K −$1.61/SF
NOI
$37.7K $2.98/SF
Area
Howard County, IN
Vacancy
6.70%
Lease Rate
$4.92 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,980
Cap Rate 7%
$538,557
Cap Rate 9%
$418,878
Alternative Uses
Best Use
Warehouse
$9.95M
$8.71M – $11.61M
NOI $696,504 @ 7.0% cap · market cap 59.28%
Second Best
Industrial
$8.19M
$7.17M – $9.56M
NOI $573,592 @ 7.0% cap · market cap 48.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
15 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46901, IN
38,072
Population
18,307
Households
2.1
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
140.9 sq mi
ZIP Area
270
Density / Sq Mi
$61,041
Median Household Income
$37,107
Median Earnings
$869
Median Rent
$131,700
Median Home Value
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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?
Flex space - LI-zoned property combines substantial warehouse space with refreshed offices and employee-oriented amenities.
Where is this flex space located?
The property is located at 1811 E Havens St Kokomo, IN.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: More than 10,000 sq ft of warehouse space with 15' ceilings; 2 15' doors and 12x14 overhead door; 2,800 sq ft of office space with multiple offices, conference room, break room, and 3 bathrooms
