Office Building Near Golf
431 E Lincoln Rd Kokomo, IN 46902
431 E Lincoln Rd, Kokomo, IN, 46902
Contact for pricing
For Sale
Contact for pricing
2,898 sq ft office building with parking.
Property Size2,898 SF
Price / SF$155.28
Days on Market830
Property Features for 431 E Lincoln Rd
General Information
- Standard status
- Active
- Size
- 2,898 SF
- Property subtype
- Office
Building Details
- Year Built
- 2015
Listing Agency
Fortune Companies Inc
(765) 457-1700
Listed by
DJ Butcher · License #IN RB20000053
Source
Crexi
Added: Apr 10, 2024 Checked: Jul 17 at 4:52 am
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 Fortune Companies Inc
Investment Insights
Based on property information with market context.
This 2,898 sq. ft. building presents an opportunity for business investment. The property is located off of Lincoln Road, across from the American Legion Golf Course. This high visibility location includes parking for both employees and customers.
Key Highlights
- High visibility location ideal for attracting customers.
- 2,898 sq. ft. building providing ample space.
- Built in 2015.
Local Financial Insights For Office B
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 | $52.2k | $18.00 |
| − Vacancy | −$12.5k | −$4.32 |
| EGI | $39.6k | $13.68 |
| − OpEx | −$9.9k | −$3.42 |
| NOI | $29.7k | $10.26 |
2,898 SF · lease $18.00/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$424.8K
$371.7K – $495.6K
NOI $29,733 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.28M
$2.00M – $2.66M
NOI $159,752 @ 7.0% cap · market cap 35.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 2,898 sq ft office building with parking.
Where is this office building located?
The property is located at 431 E Lincoln Rd Kokomo, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High visibility location ideal for attracting customers.; 2,898 sq. ft. building providing ample space.; Built in 2015.
