Single-Story Medical
808 South Berkley Road Kokomo, IN 46901
For Sale
Contact for pricing
Single-story medical office previously occupied by a healthcare provider, suited for chiropractic, wellness, or professional services.
Property Size3,000 SF
Price / SF$96.63
Days on Market77
Property Features for 808 South Berkley Road
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing Agency:
NAI Global
Listed By:
Anna Konrath · License #RB23000150
Source:
Crexi
Added: May 8
Changed: Jul 23
Last Checked: Jul 23 at 9:40AM
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 Global
Investment Insights
Based on property information with market context.
This single-story chiropractic/medical office was previously occupied by a healthcare provider and is positioned for medical, wellness, or professional services. The layout is designed for convenient access and client flow, supporting a range of healthcare-adjacent uses.
Located in Howard County along S. Berkley Road, the property is described as serving a population of more than 84,000 residents, including approximately 60,000 within the city of Kokomo. The corridor location is intended to provide easy connectivity to nearby neighborhoods, retail corridors, and essential local services.
For owner-users and investors, the property’s established healthcare use and straightforward, single-story configuration offer a flexible platform for appropriate services within the listed use range.
Located in Howard County along S. Berkley Road, the property is described as serving a population of more than 84,000 residents, including approximately 60,000 within the city of Kokomo. The corridor location is intended to provide easy connectivity to nearby neighborhoods, retail corridors, and essential local services.
For owner-users and investors, the property’s established healthcare use and straightforward, single-story configuration offer a flexible platform for appropriate services within the listed use range.
Key Highlights
- Single‑story medical office previously occupied by a healthcare provider
- Year built: 1978
- Suitable for medical, wellness, or professional services such as chiropractic, physical therapy, counseling, dental, or insurance offices
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 | $17.6k | $5.88 |
| − Vacancy | −$1.3k | −$0.43 |
| EGI | $16.4k | $5.45 |
| − OpEx | −$6.5k | −$2.18 |
| NOI | $9.8k | $3.27 |
3,000 SF · lease $5.88/SF/yr · vacancy 7.30% · expense 40.00%
Alternative Uses
Best Use
Office B
$439.7K
$384.8K – $513.0K
NOI $30,780 @ 7.0% cap · market cap 10.62%
Second Best
Healthcare Medical
$140.2K
$122.6K – $163.5K
NOI $9,811 @ 7.0% cap · market cap 3.38%
Theoretical Best
Warehouse
$2.36M
$2.07M – $2.76M
NOI $165,375 @ 7.0% cap · market cap 57.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
West Side Chiropractic, ...
Alternative Medicine Practice
Oliba Trisha DC
Alternative Medicine Practice
FAQs
What type of property is this?
Medical center - Single-story medical office previously occupied by a healthcare provider, suited for chiropractic, wellness, or professional services.
Where is this medical center located?
The property is located at 808 South Berkley Road Kokomo, IN.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Single‑story medical office previously occupied by a healthcare provider; Year built: 1978; Suitable for medical, wellness, or professional services such as chiropractic, physical therapy, counseling, dental, or insurance offices
