Building Details

Year Built 1991

Listing Agency: Coldwell Banker 1st Choice

Listed By: Jay Tenuta Show Phone

Source: Jason.northwestindianahomelistings

Added: Jul 19 Changed: Oct 1 Last Checked: Oct 12 at 8:33PM

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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 Coldwell Banker 1st Choice

Investment Insights

Based on property information with market context.

Built in 1991, this approximately 3,500-square-foot office building offers a flexible layout for professional operations. The property was previously used by a financial institution and includes quality construction, a professional exterior presentation, and on-site parking.

The building is located at 201 S Koomler Drive in La Porte, Indiana, within an established commercial and industrial corridor. Surrounding businesses, convenient accessibility, and visibility to a daytime workforce support a range of office-based operations, including medical, legal, accounting, insurance, engineering, educational, and corporate users.

Key Highlights

• Approximately 3,500 square feet of office space
• Built in 1991
• Previously occupied by a financial institution

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,753

Cap Rate

5.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$715,060 $715.1K

Cap Rate 7%

$510,757 $510.8K

Cap Rate 9%

$397,256 $397.3K

Market Conditions

NOI Build-Up for 3,500 SF

Gross rent

$52.5K $15.00/SF

− Vacancy

−$4.8K −$1.38/SF

EGI

$47.7K $13.62/SF

− OpEx

−$11.9K −$3.41/SF

NOI

$35.8K $10.22/SF

Area

LaPorte County, IN

Vacancy

9.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$715,060

Cap Rate 7%

$510,757

Cap Rate 9%

$397,256

Alternative Uses

Best Use

Office B

$510.8K

$446.9K – $595.9K (±1% cap)

NOI $35,753 @ 7.0% cap · market cap 5.50%

Second Best

Mixed Use

$338.6K

$296.3K – $395.1K (±1% cap)

NOI $23,704 @ 7.0% cap · market cap 3.65%

Theoretical Best

Specialty Retail

$973.0K

$851.4K – $1.14M (±1% cap)

NOI $68,111 @ 7.0% cap · market cap 10.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Thomas Rose Industrial ... General Contractor Grand Heritage Credit ... Credit Union

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center HVAC Service Nail Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

Explore this area Business Placement

Demographics for 46350, IN

44,522

Population

19,576

Households

2.3

Avg Household Size

42

Median Age

24%

College-Educated

92%

High-School Grad

193.5 sq mi

ZIP Area

230

Density / Sq Mi

$75,311

Median Household Income

$44,309

Median Earnings

$920

Median Rent

$199,800

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Adaptable office property with on-site parking and a professional commercial setting.

Where is this office building located?

The property is located at 201 Koomler Dr La Porte, IN.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Approximately 3,500 square feet of office space; Built in 1991; Previously occupied by a financial institution