Office Building Near Golf
For Sale
$450,000
431 E Lincoln Rd, Kokomo, IN 46902
2,898 sq ft office building with parking.
Property Size3,000 SF
Price / SF$150
Days on Market217
Property Features for 431 E Lincoln Rd
General Information
Standard status
Active
Size
3,000 SF
Building Details
Year Built
2015
Listing Agency:
Fortune Companies, Inc
Listed By:
DJ Butcher · License #RB20000053
(765) 860-2591
Source:
Spencerchildersgroup
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 7 at 4:59PM
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
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 2,898 sq. ft. building presents an opportunity for business investment. The property is located off of Lincoln Road, across from the American Legion Golf Course. This high visibility location includes parking for both employees and customers.
Key Highlights
- High visibility location ideal for attracting customers.
- 2,898 sq. ft. building providing ample space.
- Built in 2015.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,780
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,600
$615.6K
Cap Rate 7%
$439,714
$439.7K
Cap Rate 9%
$342,000
$342.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$13.0K −$4.32/SF
EGI
$41.0K $13.68/SF
− OpEx
−$10.3K −$3.42/SF
NOI
$30.8K $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%
$615,600
Cap Rate 7%
$439,714
Cap Rate 9%
$342,000
Alternative Uses
Best Use
Office B
$439.7K
$384.8K – $513.0K
NOI $30,780 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.36M
$2.07M – $2.76M
NOI $165,375 @ 7.0% cap · market cap 36.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - 2,898 sq ft office building with parking.
Where is this office building located?
The property is located at 431 E Lincoln Rd Kokomo, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High visibility location ideal for attracting customers.; 2,898 sq. ft. building providing ample space.; Built in 2015.
