Updated Office
For Sale
Contact for pricing
502 Henry St, New Haven, IN 46774
Recently updated interior supports professional, medical, financial, and service-oriented operations.
Property Size1,800 SF
Price / SF$188.89
Days on Market98
Property Features for 502 Henry St
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
22
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1955
Year Renovated
2017
Buildings
1
Tenancy
Single
Listing Agency:
Bradley Company Fort Wayne
Listed By:
Stanley Phillips · License #IN RB14003860
(260) 466-5950
Source:
Crexi
Added: Jul 29
Changed: Oct 25
Last Checked: Nov 3 at 3:43AM
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 Fort Wayne
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Investment Insights
Based on property information with market context.
This 1,800-square-foot office building at 502 Henry St in New Haven, Indiana, was constructed in 1955 and has a recently updated interior. The property is maintained inside and out, providing a practical setting for business operations without requiring a major initial interior refresh.
The configuration is suited to professional, medical, financial, and other service-oriented users. Its office format may also fit an owner-user or investor seeking a commercial property with established office improvements.
The configuration is suited to professional, medical, financial, and other service-oriented users. Its office format may also fit an owner-user or investor seeking a commercial property with established office improvements.
Key Highlights
- 1,800‑square‑foot office building
- Recently updated interior
- Constructed in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,698
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,960
$474.0K
Cap Rate 7%
$338,543
$338.5K
Cap Rate 9%
$263,311
$263.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$35.0K $19.44/SF
− Vacancy
−$3.4K −$1.89/SF
EGI
$31.6K $17.55/SF
− OpEx
−$7.9K −$4.39/SF
NOI
$23.7K $13.17/SF
Area
Allen County, IN
Vacancy
9.70%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,960
Cap Rate 7%
$338,543
Cap Rate 9%
$263,311
Alternative Uses
Best Use
Office B
$338.5K
$296.2K – $395.0K
NOI $23,698 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.9K
$363.0K – $484.0K
NOI $29,041 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
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Business Placement
Demographics for 46774, IN
17,341
Population
7,287
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
52.7 sq mi
ZIP Area
329
Density / Sq Mi
$70,758
Median Household Income
$44,034
Median Earnings
$961
Median Rent
$169,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Recently updated interior supports professional, medical, financial, and service-oriented operations.
Where is this office building located?
The property is located at 502 Henry St New Haven, IN.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,800‑square‑foot office building; Recently updated interior; Constructed in 1955
