Versatile Flex Commercial
1930 N Courtland Ave Kokomo, IN 46901
1930 N Courtland Ave, Kokomo, IN, 46901
$169,000
For Sale
$169,000
Approximately 3,700 sq. ft. flex space with a wide-open layout and recent upgrades including a new roof and HVAC.
Property Size3,700 SF
Price / SF$45.68
Days on Market150
Property Features for 1930 N Courtland Ave
General Information
- Standard status
- Active
- Size
- 3,700 SF
Listing agency
Mumaw Real Estate Group LLC
(765) 461-1006
Listed by
Beth Mumaw
(765) 461-1006
Source
Exprealty
Added: Feb 22 Updated: Jul 21 at 6:35PM Checked: Jul 21 at 6:35PM
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 Mumaw Real Estate Group LLC
Investment Insights
Based on property information with market context.
This spacious flex commercial property offers approximately 3,700 square feet with a wide-open floor plan designed to accommodate a range of business uses. Recent upgrades include a new roof, a new HVAC system, an updated kitchen, and a renovated restroom.
The space is presented as move-in ready, with interior improvements intended to support day-to-day operations from the start. The property configuration also lends itself to a variety of fit-outs within the same core layout.
With its combination of flexible interior layout and completed exterior and mechanical updates, this offering is positioned for businesses seeking a ready-to-operate commercial space.
The space is presented as move-in ready, with interior improvements intended to support day-to-day operations from the start. The property configuration also lends itself to a variety of fit-outs within the same core layout.
With its combination of flexible interior layout and completed exterior and mechanical updates, this offering is positioned for businesses seeking a ready-to-operate commercial space.
Key Highlights
- Approximately 3,700 sq. ft. versatile commercial/flex space with a wide‑open floor plan
- Recent upgrades include a new roof
- New HVAC system included
Local Financial Insights For Flex RnD
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 | $18.2k | $4.92 |
| − Vacancy | −$1.2k | −$0.33 |
| EGI | $17.0k | $4.59 |
| − OpEx | −$5.9k | −$1.61 |
| NOI | $11.0k | $2.98 |
3,700 SF · lease $4.92/SF/yr · vacancy 6.70% · expense 35.00%
Alternative Uses
Best Use
Industrial
$2.40M
$2.10M – $2.80M
NOI $167,969 @ 7.0% cap · market cap 99.39%
Second Best
Retail
$564.5K
$494.0K – $658.6K
NOI $39,518 @ 7.0% cap · market cap 23.38%
Theoretical Best
Warehouse
$2.91M
$2.55M – $3.40M
NOI $203,962 @ 7.0% cap · market cap 120.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Approximately 3,700 sq. ft. flex space with a wide-open layout and recent upgrades including a new roof and HVAC.
Where is this flex space located?
The property is located at 1930 N Courtland Ave Kokomo, IN.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Approximately 3,700 sq. ft. versatile commercial/flex space with a wide‑open floor plan; Recent upgrades include a new roof; New HVAC system included
