Office Building with Extended
For Sale
Contact for pricing
4440 Edison Lakes Pkwy, Mishawaka, IN 46545
Scheduled annual rent increases accompany the tenant’s long-term occupancy.
Property Size10,440 SF
Price / SF$229.89
Days on Market9
Property Features for 4440 Edison Lakes Pkwy
General Information
Standard status
Active
Size
10,440 SF
Property subtype
OFFICE
Additional Details
Tenant in Place
Yes
Property Use
Office
Listing Agency:
Bradley Company | South Bend
(574) 237-6000
Listed By:
Dan P Skodras · License #RB14048305
(574) 237-6017
Source:
Moodyscre
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 28 at 9:00AM
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 Bradley Company | South Bend
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,440-square-foot office property at 4440 Edison Lakes Pkwy in Mishawaka is occupied by a tenant whose relationship with the property dates to 2009. A 124-month lease extension runs through September 2034, with a further five-year renewal option. The lease provides for 3% annual rent increases during the extended term and the option period.
The property is situated within the Edison Lakes business community, with access to major roadways and the wider South Bend-Mishawaka market.
The property is situated within the Edison Lakes business community, with access to major roadways and the wider South Bend-Mishawaka market.
Key Highlights
- 10,440‑square‑foot office property in Mishawaka
- Tenant occupancy dates to 2009
- 124‑month lease extension runs through September 2034
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,481
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,729,620
$1.7M
Cap Rate 7%
$1,235,443
$1.2M
Cap Rate 9%
$960,900
$960.9K
Market Conditions
NOI Build-Up for 10,440 SF
Gross rent
$147.8K $14.16/SF
− Vacancy
−$32.5K −$3.12/SF
EGI
$115.3K $11.04/SF
− OpEx
−$28.8K −$2.76/SF
NOI
$86.5K $8.28/SF
Area
St. Joseph County, IN
Vacancy
22.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,729,620
Cap Rate 7%
$1,235,443
Cap Rate 9%
$960,900
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,481 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.07M
$1.81M – $2.42M
NOI $144,917 @ 7.0% cap · market cap 6.04%
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
1,158
Businesses Nearby
Explore this area
Business Placement
Demographics for 46545, IN
26,312
Population
13,046
Households
2
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
18.3 sq mi
ZIP Area
1,438
Density / Sq Mi
$55,889
Median Household Income
$36,999
Median Earnings
$986
Median Rent
$174,700
Median Home Value
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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 - Scheduled annual rent increases accompany the tenant’s long-term occupancy.
Where is this office building located?
The property is located at 4440 Edison Lakes Pkwy Mishawaka, IN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 10,440‑square‑foot office property in Mishawaka; Tenant occupancy dates to 2009; 124‑month lease extension runs through September 2034
