Office
For Sale
$726,768
300 E Southway Boulevard, Kokomo, IN 46902
Build-out options are available for the space.
Property Size5,047 SF
Price / SF$144
Days on Market9
Property Features for 300 E Southway Boulevard
General Information
Standard status
Active
Size
5,047 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
1979
Listing Agency:
Fortune Companies, Inc
Listed By:
DJ Butcher · License #RB20000053
(765) 860-2591
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:19PM
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 Fortune Companies, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office space totaling 5,047 square feet is available at 300 E Southway Boulevard in Kokomo. The building dates to 1979, and build-out options can be considered for the available area.
Parking is provided on site.
Parking is provided on site.
Key Highlights
- 5,047 square feet of office space available
- Build‑out options available
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,782
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,640
$1.0M
Cap Rate 7%
$739,743
$739.7K
Cap Rate 9%
$575,356
$575.4K
Market Conditions
NOI Build-Up for 5,047 SF
Gross rent
$90.8K $18.00/SF
− Vacancy
−$21.8K −$4.32/SF
EGI
$69.0K $13.68/SF
− OpEx
−$17.3K −$3.42/SF
NOI
$51.8K $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%
$1,035,640
Cap Rate 7%
$739,743
Cap Rate 9%
$575,356
Alternative Uses
Best Use
Office B
$739.7K
$647.3K – $863.0K
NOI $51,782 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.97M
$3.48M – $4.64M
NOI $278,216 @ 7.0% cap · market cap 38.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Build-out options are available for the space.
Where is this office unit located?
The property is located at 300 E Southway Boulevard Kokomo, IN.
What is the asking price?
The asking price for this property is $726,768.
What are key features of this property?
This property features: 5,047 square feet of office space available; Build‑out options available; On‑site parking
