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2981 S Webster St 8,064 SF 69% Leased Office Building Kokomo, IN 46902 $1,250,000 ($155.01/SF) 4.80% Cap Rate
Investment Highlights
- Excellent South Side location
- Near Main Post Office , Maple Crest Shopping Center ,Restaurants .
Executive Summary
This single-story, stand-alone, 8,064 Sq. Ft building is located on a busy section of S. Webster St .
This four tenant building is well maintained inside and out.
Tenants are : State Farm, Mane Attraction Styling Salon, Marion All Stars and Edward Jones Co.
This four tenant building is well maintained inside and out.
Tenants are : State Farm, Mane Attraction Styling Salon, Marion All Stars and Edward Jones Co.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Building Size
8,064 SF
Building Class
B
Year Built
2004
Price
$1,250,000
Price Per SF
$155.01
Cap Rate
4.80%
NOI
$59,970
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,064 SF
Slab To Slab
12’
Building FAR
0.20
Lot Size
0.93 AC
Zoning
GB - General Business
Parking
34 Spaces (2.98 Spaces per 1,000 SF Leased)
Amenities
- Accent Lighting
- Smoke Detector
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 34-09-12-378-010.000-002 | Total Assessment | $662,700 (2025) |
| Land Assessment | $102,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $560,200 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
34-09-12-378-010.000-002
Land Assessment
$102,500 (2025)
Improvements Assessment
$560,200 (2025)
Total Assessment
$662,700 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
1 of 2
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Photos
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2981 S Webster St
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