Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    2855 Northpark Ave Huntington, IN 46750-4262

    • Office Properties & Spaces
    • 10,480 SF
    • 1.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1914688
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2855 Northpark Ave

    Year built
    1989
    Construction
    WOOD
    Lot size
    1.16 lot acres
    Property size
    10,480 SF
    Property type
    Office Properties & Spaces
    APN
    35-05-10-200-770.900-005
    APU
    350510200770900005

    Description

    This single-story, 10,480 square foot medical office building in Huntington, Indiana, offers a fantastic opportunity. Located at 2855 Northpark Ave, this property features two suites, with 890 square feet currently vacant, divisible to a minimum of 1,500 square feet and a maximum contiguous space of 2,700 square feet. Built in 1989, the building sits on a 1.16-acre lot and boasts 62 parking spaces, providing ample convenience for patients and staff. The property is zoned B-2 and enjoys a convenient location near US Highway 24, in a quiet office park setting. Neighboring businesses include State Farm Insurance and 218 Art Studio. The area offers easy access to a variety of amenities, including banks, hotels, restaurants, retail shops, and residential neighborhoods. Huntington University is also conveniently located across US 24, and Walmart is nearby. For added convenience, Kroger, Aldi, Wendy's, Arby's, and Pizza Hut are within walking distance. Each suite includes a conference room, kitchenette, and private bathroom. This property presents a unique opportunity for medical professionals seeking a well-located and well-equipped office space in a thriving community. The APN is 35-05-10-200-770.900-005.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Huntington
    County
    Huntington
    State
    Indiana
    Longitude
    -85.5086
    Latitude
    40.9017
    CBSA code
    26540
    CBSA name
    HUNTINGTON, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,936
    $116,000
    $615,200
    $731,200
    -
    $116,000
    $615,200
    $731,200

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      547 Guilford St

      OFFICE (GENERAL) • 1,800 SF
      547 Guilford St, Huntington, IN 46750-2709
      View Details
    • Value Estimation by Request
      480 SF

      300 300th Ww

      OFFICE (GENERAL) • 480 SF
      300 300th Ww, Huntington, IN 46750
      View Details
    • Value Estimation
      $2,090,000
      42,036 SF

      2350 Campus St

      OFFICE (GENERAL) • 42,036 SF
      2350 Campus St, Huntington, IN 46750
      View Details
    • Value Estimation by Request
      6,759 SF

      1350 Jefferson St

      OFFICE (GENERAL) • 6,759 SF
      1350 Jefferson St, Huntington, IN 46750-4017
      View Details
    • Value Estimation
      $1,145,000
      25,602 SF

      300 Cherry St

      OFFICE (GENERAL) • 25,602 SF
      300 Cherry St, Huntington, IN 46750-2677
      View Details
    • Value Estimation
      $685,000
      21,020 SF

      500 Macgahan St

      OFFICE (GENERAL) • 21,020 SF
      500 Macgahan St, Huntington, IN 46750-1312
      View Details

    Similar Nearby for Sale

    • $475,000
      53,154 SF

      Huntington Industrial Warehouse

      53,154 SF Warehouse, Owner/User Opportunity
      245 Erie St, Huntington, IN 46750
      View Details
    • $465,000
      5,700 SF

      Huntington, IN Executive Office Building

      High-Cap Rate Office Investment, 100% Occupied
      1175 Etna Ave, 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
    • $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
    • $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

    Similar Nearby for Lease

    • $18 SF/Yr
      9,184 SF

      Huntington Executive Office Space

      Modern Office, 1 Space Available
      2806 Theater Ave, Huntington, IN 46750
      View Details
    • $14 SF/Yr
      9,184 SF

      Huntington Office Suites For Lease

      Office suites available in well-maintained, professionally managed Huntington building.
      2806 Theater Ave, Huntington, IN 46750
      View Details
    • $650 /Mo
      650 SF

      Office/Showroom Space in Huntington, IN

      Prime location near downtown with parking and natural light.
      232 E Washington St, Huntington, IN 46750
      View Details
    • $10 SF/Yr
      14,434 SF

      Huntington Medical Office Building

      Prime Medical Office Space Available
      2859 Northpark Ave, Huntington, IN 46750
      View Details
    • $2,500 /Mo
      4,118 SF

      Versatile Office Space in Huntington

      Adaptable office space with flexible layout options and ample parking.
      80 Home St, Huntington, IN 46750
      View Details
    • $3 SF/Yr
      74,400 SF

      Sabine Warehouse: Prime Industrial Space

      74,400 SF Warehouse, 6.63 Acres, 7 Docks
      1230 Sabine St, Huntington, IN 46750
      View Details
    Request Owner's contact information
    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.
    2855 Northpark Ave
    Huntington, IN 46750-4262
    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
    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

    Google sign-in failed. Please try again or use another login method.