Office Building with Private
For Sale
$144,900
3-2700 W Wilden Ave, Goshen, IN 46528
Versatile office building with five private offices and partial basement storage, suited for professional and medical users.
Property Size1,364 SF
Price / SF$106.23
Days on Market183
Property Features for 3-2700 W Wilden Ave
General Information
Standard status
Active
Size
1,364 SF
Additional Details
Office Units
5
Taxes and HOA fees
Annual Taxes
$3,877
Listing Agency:
RE/MAX Results
(574) 238-1436
Listed By:
Steve Miller · License #RB14020487
(574) 238-1436
Source:
Exprealty
Added: Feb 10
Changed: Aug 7
Last Checked: Aug 11 at 9:54AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This affordable office building offers approximately 1,364 square feet of versatile space designed for professional use. The interior includes five private offices, providing room for departments, client work, or private consultations. A partial basement adds supplemental space that can be used for storage or other functional purposes.
The property is located in a highly desirable area, just minutes from the new Elkhart County Courthouse. It is also close to Goshen city conveniences, offering convenient access for daily operations and client visits.
The layout and private office configuration make the building a practical fit for a range of office-based businesses, including attorneys, accountants, therapists, and other medical or counseling professionals. Buyers seeking a smaller, office-focused property with dedicated rooms and additional basement storage may find the space well matched to their day-to-day workflow.
The property is located in a highly desirable area, just minutes from the new Elkhart County Courthouse. It is also close to Goshen city conveniences, offering convenient access for daily operations and client visits.
The layout and private office configuration make the building a practical fit for a range of office-based businesses, including attorneys, accountants, therapists, and other medical or counseling professionals. Buyers seeking a smaller, office-focused property with dedicated rooms and additional basement storage may find the space well matched to their day-to-day workflow.
Key Highlights
- Affordable office building with 1,364 SF of versatile space
- Includes five private offices for professional use
- Partial basement provides additional storage or functional space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,665
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$213,300
$213.3K
Cap Rate 7%
$152,357
$152.4K
Cap Rate 9%
$118,500
$118.5K
Market Conditions
NOI Build-Up for 1,364 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.6K $14.40/SF
− Vacancy
−$1.9K −$1.37/SF
EGI
$17.8K $13.03/SF
− OpEx
−$7.1K −$5.21/SF
NOI
$10.7K $7.82/SF
Area
Elkhart County, IN
Vacancy
9.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$213,300
Cap Rate 7%
$152,357
Cap Rate 9%
$118,500
Alternative Uses
Best Use
Office B
$201.3K
$176.1K – $234.8K
NOI $14,089 @ 7.0% cap · market cap 9.72%
Second Best
Healthcare Medical
$152.4K
$133.3K – $177.8K
NOI $10,665 @ 7.0% cap · market cap 7.36%
Theoretical Best
Specialty Retail
$252.5K
$221.0K – $294.6K
NOI $17,677 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 46528, IN
27,223
Population
8,495
Households
3.2
Avg Household Size
34
Median Age
25%
College-Educated
80%
High-School Grad
72.5 sq mi
ZIP Area
375
Density / Sq Mi
$77,620
Median Household Income
$40,539
Median Earnings
$1,056
Median Rent
$237,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Versatile office building with five private offices and partial basement storage, suited for professional and medical users.
Where is this office building located?
The property is located at 3-2700 W Wilden Ave Goshen, IN.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: Affordable office building with 1,364 SF of versatile space; Includes five private offices for professional use; Partial basement provides additional storage or functional space
