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    Flex Space Building with Garage Door Title is generated by Realmo AI

    200 N Monroe Street, Williamsport, IN 47993

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    Mixed-use layout includes first-floor retail and warehouse space with a 9-foot garage door and a flexible second-floor plan.

    Type:Retail, Industrial, Business for Sale
    Property size:
    5,919 SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 3:01 am

    Property Features for 200 N Monroe Street

    General Information

    Standard status
    Active
    Size
    5,919 SF
    Property subtype
    Retail, Industrial, Business for Sale

    We can help!

    Listing Contact
    Dustin Zufall

    Listing agent Dustin Zufall License #IN

    Listing office Shook Commercial Real Estate

    Listing date Jun 1, 2026

    Source Crexi

    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 Shook Commercial Real Estate

    HighLights

    • 2,400 SF first‑floor retail plus 1,118 SF warehouse space in a mixed‑use flex building
    • Warehouse includes a 9‑foot garage door for loading/access
    • Second floor offers 2,400 SF with a current 3‑bedroom, 2‑bath apartment and potential to subdivide into more units
    • Power and HVAC: 200‑amp electrical panel and a new gas furnace installed in 2019
    • Roofing updates include a new metal roof in 2007 (retail) and new architectural shingles in 2016 (warehouse)
    • 2017 upgrades include replaced windows on the front and south side; located in downtown Williamsport at SR 28 and N. Monroe St

    Overview

    This flex space building offers a mixed-use configuration with 2,400 square feet of retail space on the first floor and an additional 1,118 square feet of warehouse space. The warehouse area includes a 9-foot garage door, and the property has a 200-amp electrical panel. Roof improvements include a new metal roof in 2007 on the retail portion and new architectural shingles in 2016 on the warehouse portion. The second floor contains 2,400 square feet currently configured as a 3-bedroom, 2-bathroom apartment, and that level can be subdivided into more units. Mechanical and exterior updates include a new gas furnace in 2019 and replacement of windows on the front and south side of the building in 2017.

    The property is located in the heart of downtown Williamsport on the corner of SR 28 and N. Monroe St.

    For tenants, buyers, or operators, the building’s first-floor retail and warehouse combination can support multiple operating models, while the second-floor apartment provides an additional income and occupancy option. The ability to subdivide the second floor may support different residential unit configurations depending on the user’s goals.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williamsport
    County
    Warren
    State
    Indiana
    Longitude
    -87.294589
    Latitude
    40.288144

    Nearby Similar for Sale

    • $399,000
      9,310 SF

      Versatile Commercial Space on Highway

      Spacious 9,310 SF commercial property on a highly-visible highway.
      500 28 Highway, Williamsport, IN 47993
      View Details
    • $450,000

      Mixed-Use Property with Multiple Buildings

      Three buildings with diverse uses plus residential parcel.
      520 State Road 28 Highway, Williamsport, IN 47993
      View Details
    • $235,000
      5,919 SF

      Flex Space Building in Williamsport

      Flex space with retail, warehouse, and apartment potential.
      200 N Monroe St, Williamsport, IN
      View Details

    FAQs

    What type of property is this?
    Flex space - Mixed-use layout includes first-floor retail and warehouse space with a 9-foot garage door and a flexible second-floor plan.
    Where is this flex space located?
    The property is located at 200 N Monroe Street Williamsport, IN.
    What are key features of this property?
    This property features: 2,400 SF first‑floor retail plus 1,118 SF warehouse space in a mixed‑use flex building; Warehouse includes a 9‑foot garage door for loading/access; Second floor offers 2,400 SF with a current 3‑bedroom, 2‑bath apartment and potential to subdivide into more units
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dustin Zufall
    Real Estate License ID: IN
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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