Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    341 N Main St Kokomo, IN 46901

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,500 /Mo

    Turn key office space in an excellent downtown location.

    Property size:
    6,300 SF
    Lot size:
    0.03 Acres
    Added:
    Jun 16, 2025
    Days on Market:
    292
    Last Refresh:
    Jan 20 at 10:20 am

    Property Features for 341 N Main St

    General Information

    Standard status
    Active
    Size
    6,300 SF
    Lot size
    0.03 Acres

    We can help!

    Listing Contact
    DJ Butcher
    DJ Butcher

    Listing agent DJ Butcher License #RB20000053

    Listing office Fortune Companies, Inc

    Listing date Jun 16, 2025

    Source Exprealty

    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

    Overview

    Downtown Turn Key Office Space

    This is a turn key office space over 6,300 sq ft situated in a desirable downtown location. The layout features large open areas, individual offices, and elevator access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1314
    Latitude
    40.489

    Nearby Similar for Lease

    • Contact for pricing

      Professional Office Space Available

      Well-maintained office building suitable for medical or professional use.
      3804 Southland Ave, Kokomo, IN, 46902-3637
      View Details
    • Contact for pricing

      Kokomo Town Center Retail Space

      Retail space available in a redeveloped shopping center.
      1700 E Blvd, Kokomo, IN
      View Details
    • Contact for pricing

      Kokomo Retail Space Sublease

      Retail space in Kokomo's prime trade area for sublease.
      1403-1439 S Reed Rd, Kokomo, IN
      View Details
    • Contact for pricing

      Kokomo Retail Hub Space Available

      Retail space available in Kokomo's leading shopping destination.
      1035 S Reed Rd, Kokomo, IN
      View Details
    • Contact for pricing

      Retail Space in Markland Plaza

      Retail space available in a busy Kokomo shopping center.
      1114 S 17th St, Kokomo, IN
      View Details
    • Contact for pricing

      Freestanding Retail Space Available

      10,233 SF freestanding retail space in Kokomo, Indiana.
      401 E Morgan St, Kokomo, IN
      View Details
    • Contact for pricing

      Kokomo Restaurant Asset For Sale

      Value-add restaurant asset in Kokomo's primary retail corridor.
      2909 S Reed Rd, Kokomo, IN
      View Details
    • Contact for pricing

      Retail Space with Ample Parking

      7,350 SF retail space near downtown with high ceilings.
      1401 N Washington St, Kokomo, IN 46901
      View Details
    • Contact for pricing

      Retail Space on IN-931

      Retail space with high visibility and strong tenant mix.
      2100 E Blvd St, Kokomo, IN
      View Details
    • Contact for pricing

      Kokomo Office Space Available

      Versatile office suites for rent near national retailers.
      1940 South Elizabeth Street, Kokomo, IN
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Professionally managed medical office park with convenient parking.
      2312 S Dixon Rd, Kokomo, IN
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail opportunity with high visibility and customer traffic.
      2301 E Markland Ave, Kokomo, IN 46901
      View Details

    FAQs

    What type of property is this?
    Office units - Turn key office space in an excellent downtown location.
    Where is this office units located?
    The property is located at 341 N Main St Kokomo, IN.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Turn‑key office space ready for immediate occupancy.; Excellent downtown location.; Over 6,300 sq ft of versatile space.
    (765) 860-2591
    We can help!
    Listing Contact
    DJ Butcher
    DJ Butcher
    Real Estate License ID: RB20000053
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!