Brick Office Building with
3201 E CTR ST EXT Warsaw, IN 46582
3201 E CTR ST EXT, Warsaw, IN, 46582
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For Sale
Contact for pricing
Well-maintained brick office building with finished office space, forced-air HVAC, and paved parking on a mixed-use zoned site.
Property Size4,482 SF
Lot Size1.13 Acres
Price / SF$117.14
Days on Market42
Property Features for 3201 E CTR ST EXT
General Information
- Standard status
- Active
- Size
- 4,482 SF
- Lot size
- 1.13 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1981
Listing agency
Brian Peterson Real Estate
(574) 551-0121
Listed by
Brian Peterson · License #IN RB14043309
Source
Crexi
Added: Jun 10 Updated: Jul 21 at 2:48AM Checked: Jul 21 at 5:48AM
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 Brian Peterson Real Estate
Investment Insights
Based on property information with market context.
A well-maintained brick office building built in 1981, offering finished office space above grade plus additional below-grade space. The interior layout includes multiple offices, a kitchen area, storage, and a reception area, with drywall finishes, carpet and other durable flooring, and 9-foot ceiling height. Heating and cooling are provided by a forced-air system with central air conditioning.
The property sits on approximately 1.13 acres with paved parking and city utilities. It is located just off US 30 in Warsaw and is positioned for convenient client and staff access.
The building is currently vacant. It is zoned for mixed use and is suited to professional office and medical use, as well as other commercial applications consistent with the zoning.
The property sits on approximately 1.13 acres with paved parking and city utilities. It is located just off US 30 in Warsaw and is positioned for convenient client and staff access.
The building is currently vacant. It is zoned for mixed use and is suited to professional office and medical use, as well as other commercial applications consistent with the zoning.
Key Highlights
- 1981 brick office building with about 4,482 SF finished above grade and 1,600 SF below grade
- Finished office layout includes multiple offices, reception area, kitchen area, and storage space
- 9‑foot ceiling height throughout with drywall, carpet, and other durable flooring
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.7k | $18.00 |
| − Vacancy | −$8.1k | −$1.80 |
| EGI | $72.6k | $16.20 |
| − OpEx | −$29.0k | −$6.48 |
| NOI | $43.6k | $9.72 |
4,482 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$622.4K
$544.6K – $726.1K
NOI $43,565 @ 7.0% cap · market cap 8.30%
Second Best
Office B
$597.8K
$523.1K – $697.5K
NOI $41,847 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$780.8K
$683.2K – $911.0K
NOI $54,658 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
McArthur Counseling Center
Physician
Ruth Dilley
Foster Care Service
Rhonda Hoskins
Physician
Nancy Helstern
Counselor
Dr. Santosh Maharjan
Physician
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FAQs
What type of property is this?
Office building - Well-maintained brick office building with finished office space, forced-air HVAC, and paved parking on a mixed-use zoned site.
Where is this office building located?
The property is located at 3201 E CTR ST EXT Warsaw, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1981 brick office building with about 4,482 SF finished above grade and 1,600 SF below grade; Finished office layout includes multiple offices, reception area, kitchen area, and storage space; 9‑foot ceiling height throughout with drywall, carpet, and other durable flooring
