Corner Office
For Sale
$659,000
2341 W Lincoln Rd, Kokomo, IN 46902
Office property suited for owner occupancy, leasing, or inclusion in an investment portfolio.
Property Size3,418 SF
Price / SF$192.80
Days on Market50
Property Features for 2341 W Lincoln Rd
General Information
Standard status
Active
Size
3,418 SF
Building Details
Year Built
1987
Listing Agency:
The Hardie Group
Listed By:
Laura Cardwell
(765) 776-1911
Source:
Callcriswell
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 4:46PM
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 Hardie Group
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Investment Insights
Based on property information with market context.
This office building has a reported property size of 3,418 and was built in 1987. The property is positioned at a high-traffic corner and is presented for office occupancy, leasing, or investment use.
Located at 2341 W Lincoln Rd in Kokomo, Indiana, the property offers an established office asset with multiple potential ownership or occupancy approaches.
Located at 2341 W Lincoln Rd in Kokomo, Indiana, the property offers an established office asset with multiple potential ownership or occupancy approaches.
Key Highlights
- Office building with a reported property size of 3,418
- Built in 1987
- Located at a high‑traffic corner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,069
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,380
$701.4K
Cap Rate 7%
$500,986
$501.0K
Cap Rate 9%
$389,656
$389.7K
Market Conditions
NOI Build-Up for 3,418 SF
Gross rent
$61.5K $18.00/SF
− Vacancy
−$14.8K −$4.32/SF
EGI
$46.8K $13.68/SF
− OpEx
−$11.7K −$3.42/SF
NOI
$35.1K $10.26/SF
Area
Howard County, IN
Vacancy
24.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,380
Cap Rate 7%
$500,986
Cap Rate 9%
$389,656
Alternative Uses
Best Use
Office B
$501.0K
$438.4K – $584.5K
NOI $35,069 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.69M
$2.36M – $3.14M
NOI $188,417 @ 7.0% cap · market cap 28.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
174
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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office property suited for owner occupancy, leasing, or inclusion in an investment portfolio.
Where is this office building located?
The property is located at 2341 W Lincoln Rd Kokomo, IN.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Office building with a reported property size of 3,418; Built in 1987; Located at a high‑traffic corner
