Two-Suite Office
For Sale
$222,900
2100 S Washington St, Kokomo, IN 46902
Corner-positioned property with private suite entrances, an existing salon tenant, and an additional billboard lease.
Property Size1,560 SF
Price / SF$142.88
Days on Market50
Property Features for 2100 S Washington St
General Information
Standard status
Active
Size
1,560 SF
Additional Details
Corner Location
Yes
Building Details
Year Built
1928
Buildings
1
Building Size
1,560 SF
Tenancy
Multi
Listing Agency:
The Wyman Group
Listed By:
Paul Wyman · License #RB14023441
(765) 854-1234
Source:
Callcriswell
Added: Aug 26
Changed: Oct 7
Last Checked: Oct 7 at 3:45PM
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 The Wyman Group
Investment Insights
Based on property information with market context.
Built in 1928, this 1,560-square-foot commercial building is divided into two suites, each with its own entrance. One suite is vacant and configured for professional office use, while the second is occupied by a hair salon under a month-to-month tenancy. The layout supports separate occupancy within a compact commercial asset.
The property occupies the corner at 2100 S Washington St in Kokomo, Indiana, providing exposure to passing traffic. Revenue sources include the existing salon tenancy and an on-site billboard lease, while the vacant suite offers additional occupancy flexibility for an owner-user or separate office tenant.
The property occupies the corner at 2100 S Washington St in Kokomo, Indiana, providing exposure to passing traffic. Revenue sources include the existing salon tenancy and an on-site billboard lease, while the vacant suite offers additional occupancy flexibility for an owner-user or separate office tenant.
Key Highlights
- 1,560‑square‑foot commercial building constructed in 1928
- Two separate suites with private entrances
- Vacant suite configured for professional office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,661
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,220
$333.2K
Cap Rate 7%
$238,014
$238.0K
Cap Rate 9%
$185,122
$185.1K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$24.9K $15.96/SF
− Vacancy
−$1.1K −$0.70/SF
EGI
$23.8K $15.26/SF
− OpEx
−$7.1K −$4.58/SF
NOI
$16.7K $10.68/SF
Area
Howard County, IN
Vacancy
4.40%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,220
Cap Rate 7%
$238,014
Cap Rate 9%
$185,122
Alternative Uses
Best Use
Retail
$238.0K
$208.3K – $277.7K
NOI $16,661 @ 7.0% cap · market cap 7.47%
Second Best
Office B
$228.7K
$200.1K – $266.8K
NOI $16,006 @ 7.0% cap · market cap 7.18%
Theoretical Best
Warehouse
$1.23M
$1.07M – $1.43M
NOI $85,995 @ 7.0% cap · market cap 38.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 46902, IN
36,038
Population
18,004
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
50.7 sq mi
ZIP Area
711
Density / Sq Mi
$59,548
Median Household Income
$36,902
Median Earnings
$929
Median Rent
$154,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Corner-positioned property with private suite entrances, an existing salon tenant, and an additional billboard lease.
Where is this office units located?
The property is located at 2100 S Washington St Kokomo, IN.
What is the asking price?
The asking price for this property is $222,900.
What are key features of this property?
This property features: 1,560‑square‑foot commercial building constructed in 1928; Two separate suites with private entrances; Vacant suite configured for professional office use
