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2765 Albright Rd 4,980 SF 100% Leased Office Building Kokomo, IN 46902 $534,460 CAD ($107.32 CAD/SF)
Executive Summary
Ready to add to your portfolio? Excellent opportunity to own a well-located commercial property offering strong potential for investors or business owners. This property features a visible location with convenient access and strong traffic exposure, making it ideal for a variety of commercial uses including office, medical, service, or professional space.
The building offers updates, functional layout, ample parking, and flexibility for multiple business types. Investors will appreciate the potential for steady income and long-term value, while owner-users can take advantage of the opportunity to operate their business while building equity. Currently leased through 2027 with room to raise rent rate.
Located in an established commercial corridor, the property benefits from nearby businesses, residential neighborhoods, and easy access to major routes. This is a rare chance to secure a commercial asset with both immediate usability and future upside.
The building offers updates, functional layout, ample parking, and flexibility for multiple business types. Investors will appreciate the potential for steady income and long-term value, while owner-users can take advantage of the opportunity to operate their business while building equity. Currently leased through 2027 with room to raise rent rate.
Located in an established commercial corridor, the property benefits from nearby businesses, residential neighborhoods, and easy access to major routes. This is a rare chance to secure a commercial asset with both immediate usability and future upside.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$74,002
|
$14.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$74,002
|
$14.86
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$35,880
|
$7.20
|
| Net Operating Income |
$38,122
|
$7.66
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $74,002 |
| Annual Per SF | $14.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $74,002 |
| Annual Per SF | $14.86 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,880 |
| Annual Per SF | $7.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $38,122 |
| Annual Per SF | $7.66 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
4,980 SF
Building Class
B
Year Built
1996
Price
$534,460 CAD
Price Per SF
$107.32 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,980 SF
Building FAR
0.18
Lot Size
0.63 AC
Zoning
Office Commercial - Office Commercial
Parking
22 Spaces (4.42 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
- Accent Lighting
- Reception
- Central Heating
- Natural Light
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Family Piece Llc
- Health Care and Social Assistance
- -
- -
- -
- May Law Office
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Family Piece Llc | Health Care and Social Assistance | - | - | - | ||
| May Law Office | Professional, Scientific, and Technical Services | - | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 34-10-07-426-029.000-002 | Improvements Assessment | $560,900 CAD |
| Land Assessment | $107,322 CAD | Total Assessment | $668,222 CAD |
Property Taxes
Parcel Number
34-10-07-426-029.000-002
Land Assessment
$107,322 CAD
Improvements Assessment
$560,900 CAD
Total Assessment
$668,222 CAD
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2765 Albright Rd
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