Chiropractic Medical Office
For Sale
Contact for pricing
808 S Berkley Rd, Kokomo, IN 46901
Reception, a large waiting room, and six private exam rooms support chiropractic and medical office use.
Property Size3,060 SF
Price / SF$91.47
Days on Market113
Property Features for 808 S Berkley Rd
General Information
Standard status
Active
Size
3,060 SF
Property subtype
OFFICE
Amenities
Reception Area
Large Waiting Room
6 Private Exam Rooms
Listing Agency:
NAI Cressy Commercial Real Estate - Corporate
(574) 271-4060
Listed By:
Anna Konrath
(317) 566-5611
Source:
Moodyscre
Added: Jul 8
Changed: Oct 26
Last Checked: Oct 26 at 4:24PM
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 NAI Cressy Commercial Real Estate - Corporate
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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 chiropractic/medical office space is configured with a reception area, a large waiting room, and six private exam rooms, providing dedicated treatment areas within a compact office setting.
The property is listed for sale and totals 3,060 square feet.
The interior layout is designed around patient flow from the reception and waiting area into multiple private exam rooms.
The property is listed for sale and totals 3,060 square feet.
The interior layout is designed around patient flow from the reception and waiting area into multiple private exam rooms.
Key Highlights
- Chiropractic/medical office layout with reception and patient waiting area
- Large waiting room for patients and visitors
- 6 private exam rooms for clinical appointments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,008
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,160
$200.2K
Cap Rate 7%
$142,971
$143.0K
Cap Rate 9%
$111,200
$111.2K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$18.0K $5.88/SF
− Vacancy
−$1.3K −$0.43/SF
EGI
$16.7K $5.45/SF
− OpEx
−$6.7K −$2.18/SF
NOI
$10.0K $3.27/SF
Area
Howard County, IN
Vacancy
7.30%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,160
Cap Rate 7%
$142,971
Cap Rate 9%
$111,200
Alternative Uses
Best Use
Office B
$448.5K
$392.5K – $523.3K
NOI $31,396 @ 7.0% cap · market cap 11.22%
Second Best
Healthcare Medical
$143.0K
$125.1K – $166.8K
NOI $10,008 @ 7.0% cap · market cap 3.58%
Theoretical Best
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,682 @ 7.0% cap · market cap 60.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 46901, IN
38,072
Population
18,307
Households
2.1
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
140.9 sq mi
ZIP Area
270
Density / Sq Mi
$61,041
Median Household Income
$37,107
Median Earnings
$869
Median Rent
$131,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Jefferson Road Animal Hospital — 2605 W Jefferson St, Kokomo, IN 46901
- Swart Corey DVM — 2605 W Jefferson St, Kokomo, IN 46901
Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception, a large waiting room, and six private exam rooms support chiropractic and medical office use.
Where is this medical office space located?
The property is located at 808 S Berkley Rd Kokomo, IN.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Chiropractic/medical office layout with reception and patient waiting area; Large waiting room for patients and visitors; 6 private exam rooms for clinical appointments
