Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1175 Etna Ave Huntington, IN 46750

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-Cap Rate Office Investment, 100% Occupied

    Property size:
    5,700 SF

    Property Features for 1175 Etna Ave

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    5,700 SF
    Class
    B
    Lot Size
    40,859 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1
    Units
    4

    We can help!

    Listing Contact
    Rachel Romary
    Rachel Romary

    Listing Agent: Rachel Romary

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a 5,700 square foot, Class B executive office building located at 1175 Etna Ave, Huntington, IN 46750. The property, built in 1960, sits on a 0.938-acre lot and is zoned MXD, offering significant potential. Currently boasting 100% occupancy with two tenants across four units, this single-story building provides a stable income stream. The asking price is $465,000, representing a compelling 7.50% capitalization rate and a price per square foot of $81.58. The gross lease structure simplifies management. Recent improvements include new heat exchangers in units B and D. The property features a total of 5,700 square feet across one building. Further financial details are available in a comprehensive offering memorandum. The APN is 35-05-22-200-124.900-005. This is a multi-tenant property situated in Huntington County, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntington
    County
    Huntington
    State
    Indiana
    Longitude
    -85.4998619
    Latitude
    40.86991

    Nearby Similar for Sale

    • New
      $150,000
      2,702 SF

      Spacious Commercial Property in Huntington

      2,702 sq.ft. commercial property in prime location.
      5 E Market St, Huntington, IN 46750
      View Details
    • $615,000
      0.86 Acres

      Huntington Office Building For Sale

      Office building in Huntington with multiple conference rooms and ample parking.
      2809 Commercial Rd, Huntington, IN 46750
      View Details
    • $315,000
      1.94 Acres

      Versatile Office Building on 2 Acres

      Commercial building on high visibility corridor with excellent parking.
      1670 Etna Ave, Huntington, IN 46750
      View Details
    • $199,900

      Historic Huntington Building with Potential

      Landmark property with retail, office, or residential potential.
      549 Warren St, Huntington, IN 46750
      View Details
    • New
      $125,000
      1,700 SF

      Huntington Duplex Investment Opportunity

      Two-unit duplex with separate utilities, washer, and dryer included.
      236 E Park Dr, Huntington, IN 46750
      View Details
    • $749,900
      1.07 Acres

      Established Restaurant with Liquor License

      Turnkey restaurant opportunity with loyal customer base and high visibility.
      1643 Old Us Highway 24, Huntington, IN 46750
      View Details
    • $950,000
      0.81 Acres

      Restaurant/Bar Opportunity in Huntington, IN

      Restaurant/bar property for sale, prime location near Applebee's and cinema.
      2807 Hotel Dr, Huntington, IN 46750
      View Details
    • $395,000
      0.23 Acres

      Retail Property with Auto Repair Potential

      Retail property suitable for auto service with existing U-Haul rental.
      602 S Jefferson St, Huntington, IN 46750
      View Details
    • $500,000
      1.00 Acre

      Two Office Buildings on One Acre

      Two buildings with parking on a one-acre lot.
      2040-2060 Riverfork Dr, Huntington, IN 46750
      View Details
    • $325,000
      2,484 SF

      Turn-key Restaurant/Bar Space For Sale

      Fully remodeled restaurant/bar with equipment included in Huntington, Indiana.
      770 E Franklin St, Huntington, IN 46750
      View Details
    • $495,000
      5,700 SF

      Leased Office Building For Sale

      5,700 SF office building, 100% leased, investment opportunity.
      1175 Etna Ave, Huntington, IN 46750
      View Details
    • $399,000
      13,573 SF

      Historic Huntington Post Office Building

      Historic downtown Huntington building with original features and commercial zoning.
      50 East Market St, Huntington, IN 46750
      View Details

    FAQs

    What type of property is this?
    Office property - High-Cap Rate Office Investment, 100% Occupied
    Where is this office property located?
    The property is located at 1175 Etna Ave Huntington, IN.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: $465,000 asking price for a 5,700 square foot office building.; Located at 1175 Etna Ave, Huntington, IN 46750.; Class B, single-story building built in 1960 on a 0.938-acre lot.
    (260) 341-0230 Call to check price and availability
    Request Owner's contact information
    1175 Etna Ave Huntington, IN 46750
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1175 Etna Ave
    Huntington, IN 46750
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1175 Etna Ave Huntington, IN 46750
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rachel Romary
    Rachel Romary
    Real Estate License ID: RB14043846
    (260) 341-0230 (260) 422-2150
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!