Flex Space with Office
200 W Havens Street, Kokomo, IN 46901
For Sale
New
$179,000
COMMERCIAL, Kokomo, IN
Property Size3,200 SF
Lot Size0.22 Acres
Price / SF$55.94
Days on Market2
Property Features for 200 W Havens Street
General Information
Property type
Property subtype
Parking features
Lot features
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Utilities
Cooling system
Building Details
Year built
Flooring type
Roof type
Buildings
Listing Agency:
Keller Williams Lafayette · Keller Williams Realty
(765) 807-7177
Listed By:
Steven Childers · License IN RB22002269
(765) 413-6046
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 10 at 7:06PM
MLS# 202646128
Copyright © 2026 Lafayette Regional Association of REALTORS®. 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.
This standalone flex property combines a primarily open interior with a separate office. Concrete block and metal construction, a metal roof, tile and concrete flooring, gas-fired suspended heat, and wall or window air-conditioning units are among its physical features. Built in 1981, the building occupies a 0.224-acre parcel and has off-street parking.
The property is at 200 W Havens Street in Kokomo, within an established commercial and light industrial area. Paved street, sidewalk, and alley access are available, along with public utilities. The property is identified as LI (Light Industrial) zoning.
The property is at 200 W Havens Street in Kokomo, within an established commercial and light industrial area. Paved street, sidewalk, and alley access are available, along with public utilities. The property is identified as LI (Light Industrial) zoning.
Key Highlights
- Standalone flex property with a primarily open interior and separate office
- 0.224‑acre parcel with off‑street parking
- Concrete block and metal construction with a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,548
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,960
$191.0K
Cap Rate 7%
$136,400
$136.4K
Cap Rate 9%
$106,089
$106.1K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$15.7K $4.92/SF
− Vacancy
−$1.1K −$0.33/SF
EGI
$14.7K $4.59/SF
− OpEx
−$5.1K −$1.61/SF
NOI
$9.5K $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%
$190,960
Cap Rate 7%
$136,400
Cap Rate 9%
$106,089
Alternative Uses
Best Use
Flex RnD
$136.4K
$119.4K – $159.1K
NOI $9,548 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$731.1K
$639.8K – $853.0K
NOI $51,180 @ 7.0% cap · market cap 28.59%
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
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Under-served
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- MacLand — 108 N Main St, Kokomo, IN 46901
Frequently Asked Questions
What type of property is this?
Flex space - An open work area, separate office, and off-street parking support a range of commercial operations.
Where is this flex space located?
The property is located at 200 W Havens Street Kokomo, IN.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Standalone flex property with a primarily open interior and separate office; 0.224‑acre parcel with off‑street parking; Concrete block and metal construction with a metal roof
