Two-Suite Office
For Sale
Contact for pricing
305 & 307 East 9th Street, Auburn, IN 46706
Separate office areas support owner occupancy, business use, or multiple income streams.
Property Size1,656 SF
Price / SF$166
Days on Market51
Property Features for 305 & 307 East 9th Street
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Retail, Office, Mixed Use
Additional Details
Office Units
2
Building Details
Year Built
1966
Buildings
1
Units
2
Listing Agency:
Keller Williams Realty Group
Listed By:
Brian Sheikh · License #IN RB16001468
Source:
Crexi
Added: Aug 27
Changed: Oct 14
Last Checked: Oct 16 at 8:31AM
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 Keller Williams Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property contains two distinct spaces within a duplex configuration, creating a practical setup for separate occupants or an owner-user arrangement. The building was constructed in 1966 and provides 1,656 square feet for office operations, with flexibility to retain the existing division or customize the space for business needs.
A dedicated parking lot sits behind the building, providing customer and employee parking. The property is located near the DeKalb County Courthouse and downtown Auburn, with access to the city’s business district. Its prior use by professional businesses further supports continued office-oriented use.
A dedicated parking lot sits behind the building, providing customer and employee parking. The property is located near the DeKalb County Courthouse and downtown Auburn, with access to the city’s business district. Its prior use by professional businesses further supports continued office-oriented use.
Key Highlights
- Two separate office spaces within one duplex configuration
- 1,656 square feet of office space
- Rear parking lot for customers and employees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,592
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,840
$271.8K
Cap Rate 7%
$194,171
$194.2K
Cap Rate 9%
$151,022
$151.0K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$23.8K $14.40/SF
− Vacancy
−$5.7K −$3.46/SF
EGI
$18.1K $10.94/SF
− OpEx
−$4.5K −$2.74/SF
NOI
$13.6K $8.21/SF
Area
DeKalb County, IN
Vacancy
24.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,840
Cap Rate 7%
$194,171
Cap Rate 9%
$151,022
Alternative Uses
Best Use
Office B
$194.2K
$169.9K – $226.5K
NOI $13,592 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.36M
$1.19M – $1.58M
NOI $95,086 @ 7.0% cap · market cap 34.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 46706, IN
19,995
Population
8,336
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
95%
High-School Grad
87.9 sq mi
ZIP Area
227
Density / Sq Mi
$76,288
Median Household Income
$43,617
Median Earnings
$829
Median Rent
$194,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Separate office areas support owner occupancy, business use, or multiple income streams.
Where is this office units located?
The property is located at 305 & 307 East 9th Street Auburn, IN.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two separate office spaces within one duplex configuration; 1,656 square feet of office space; Rear parking lot for customers and employees
