Professional Office
For Sale
$650,000
201 Koomler Dr, La Porte, IN 46350
Adaptable office property with on-site parking and a professional commercial setting.
Property Size3,500 SF
Price / SF$185.71
Days on Market98
Property Features for 201 Koomler Dr
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Commercial
Building Details
Year Built
1991
Listing Agency:
Coldwell Banker 1st Choice
Listed By:
Jay Tenuta
(219) 393-9163
Source:
Jason.northwestindianahomelistings
Added: Jul 19
Changed: Oct 1
Last Checked: Oct 23 at 7:30AM
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
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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.
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
NOI $35,753 @ 7.0% cap · market cap 5.50%
Second Best
Mixed Use
$338.6K
$296.3K – $395.1K
NOI $23,704 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$973.0K
$851.4K – $1.14M
NOI $68,111 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
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
