505 S 3rd St, Elkhart, IN
12,228 SF healthcare property for sale in Elkhart, IN.
- Added:
- Jul 28, 2025
- Days on Market:
- 319
- Last Refresh:
- May 20 at 8:29 pm
Property Features for 505 S 3rd St
General Information
- Standard status
- Active
- Size
- 12,228 SF
- Lot size
- 0.91 Acres
- Property subtype
- OFFICE
Listing agent Elan Sieder License #CA 01928243 (512) 649-5185
Listing office Sands Investment Group (SIG) | California (844) 474-4666
Listing date Jul 28, 2025
Source Moodyscre
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 Sands Investment Group (SIG) | California
HighLights
- 5+ year corporate‑guaranteed lease by Hopebridge Autism Therapy Centers
- Hopebridge is one of the largest ABA therapy operators in the nation
- NNN lease structure with minimal landlord responsibilities
- Located at 505 South 3rd Street in Elkhart, IN
- 12,228 SF asset
- Large over half acre parking lot
Overview
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 | $176.1k | $14.40 |
| − Vacancy | −$16.7k | −$1.37 |
| EGI | $159.4k | $13.03 |
| − OpEx | −$63.7k | −$5.21 |
| NOI | $95.6k | $7.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.9743
- Latitude
- 41.6816
