Medical Office
New
For Sale
Contact for pricing
315 W Lincoln Road, Kokomo, IN 46902
A multi-room layout includes a reception lobby, waiting area, treatment rooms, kitchenette, and dedicated file storage.
Property Size1,100 SF
Price / SF$18.55
Days on Market4
Property Features for 315 W Lincoln Road
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Additional Details
Office Units
1
Building Details
Year Built
1967
Listing Agency:
The Wyman Group
Listed By:
Paul Wyman · License #RB14023441
(765) 419-1021
Source:
Jmrealtyonline
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:38PM
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
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Investment Insights
Based on property information with market context.
This medical office suite contains approximately 1,100 SF, with a lobby, waiting area, treatment rooms, kitchenette, and separate file room. The room arrangement supports clinical or office operations, and the building dates to 1967.
A circular drive provides access to the property, with ample parking available for visitors and staff. The suite is located at 315 W Lincoln Road in Kokomo, Indiana.
A circular drive provides access to the property, with ample parking available for visitors and staff. The suite is located at 315 W Lincoln Road in Kokomo, Indiana.
Key Highlights
- Approximately 1,100 SF of office space
- Lobby and waiting area, treatment rooms, kitchenette, and separate file room
- Circular drive and ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,598
Suggested Prices Based on Cap Rates
Cap Rate 5%
$71,960
$72.0K
Cap Rate 7%
$51,400
$51.4K
Cap Rate 9%
$39,978
$40.0K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$6.5K $5.88/SF
− Vacancy
−$472 −$0.43/SF
EGI
$6.0K $5.45/SF
− OpEx
−$2.4K −$2.18/SF
NOI
$3.6K $3.27/SF
Area
Howard County, IN
Vacancy
7.30%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$71,960
Cap Rate 7%
$51,400
Cap Rate 9%
$39,978
Alternative Uses
Best Use
Office B
$161.2K
$141.1K – $188.1K
NOI $11,286 @ 7.0% cap · market cap 55.32%
Second Best
Healthcare Medical
$51.4K
$45.0K – $60.0K
NOI $3,598 @ 7.0% cap · market cap 17.64%
Theoretical Best
Warehouse
$866.2K
$758.0K – $1.01M
NOI $60,637 @ 7.0% cap · market cap 297.24%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
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- Dr. Adam Vernengo, DVM — 409 E Arnold Ct, Kokomo, IN 46902
- Animal Wellness Grooming/Boarding Department — 2205 S Park Rd B, Kokomo, IN 46902
- Todd Cooney, DVM — 2205 S Park Rd, Kokomo, IN 46902
Frequently Asked Questions
What type of property is this?
Medical Office Space - A multi-room layout includes a reception lobby, waiting area, treatment rooms, kitchenette, and dedicated file storage.
Where is this medical office space located?
The property is located at 315 W Lincoln Road Kokomo, IN.
What are key features of this property?
This property features: Approximately 1,100 SF of office space; Lobby and waiting area, treatment rooms, kitchenette, and separate file room; Circular drive and ample parking
