Office Building with Attached
670 E 400 South Kokomo, IN 46902
For Sale
$535,000
5,844 sq ft office building offers 15 private offices, reception area, kitchenette, and storage with an attached two-car garage.
Property Size5,844 SF
Lot Size22.15 Acres
Price / SF$91.55
Days on Market364
Property Features for 670 E 400 South
General Information
- Standard status
- Active
- Size
- 5,844 SF
- Lot size
- 22.15 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1940
Listing Agency:
(765) 776-2490
Listed By:
Holly Stone
(765) 776-2490
Source:
Xome
Added: Jul 25, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:53AM
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 Holly Stone
Investment Insights
Based on property information with market context.
This sale features a 5,844 sq ft office building on 22.15 acres, configured with 15 private offices plus a front reception area and kitchenette. The interior also includes storage rooms and multiple restrooms, along with two half bathrooms. A two-car attached garage is included, and the property provides ample parking.
The property is offered for sale as-is, with all items inside remaining, including the towers.
Additional land area provides room for potential expansion or development, subject to applicable requirements.
The property is offered for sale as-is, with all items inside remaining, including the towers.
Additional land area provides room for potential expansion or development, subject to applicable requirements.
Key Highlights
- 22.15‑acre property with a 5,844 sq ft office building
- Office layout includes 15 private offices, front reception area, kitchenette, and storage rooms
- Central air cooling and heating listed as 3
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 | $34.4k | $5.88 |
| − Vacancy | −$2.5k | −$0.43 |
| EGI | $31.9k | $5.45 |
| − OpEx | −$12.7k | −$2.18 |
| NOI | $19.1k | $3.27 |
5,844 SF · lease $5.88/SF/yr · vacancy 7.30% · expense 40.00%
Alternative Uses
Best Use
Office B
$856.6K
$749.5K – $999.3K
NOI $59,959 @ 7.0% cap · market cap 11.21%
Second Best
Healthcare Medical
$273.0K
$238.9K – $318.6K
NOI $19,113 @ 7.0% cap · market cap 3.57%
Theoretical Best
Warehouse
$4.60M
$4.03M – $5.37M
NOI $322,150 @ 7.0% cap · market cap 60.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - 5,844 sq ft office building offers 15 private offices, reception area, kitchenette, and storage with an attached two-car garage.
Where is this office building located?
The property is located at 670 E 400 South Kokomo, IN.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 22.15‑acre property with a 5,844 sq ft office building; Office layout includes 15 private offices, front reception area, kitchenette, and storage rooms; Central air cooling and heating listed as 3
