Kokomo Retail/Restaurant Opportunity For
408 E Center Rd Kokomo, IN
For Sale
Contact for pricing
Retail or restaurant property for sale in Kokomo, Indiana.
Property Size4,184 SF
Lot Size0.66 Acres
Price / SF$101.58
Days on Market560
Property Features for 408 E Center Rd
General Information
Standard status
Active
Size
4,184 SF
Lot size
0.66 Acres
Property subtype
RETAIL
Listing Agency:
Colliers - Houston
(281) 661-3222
Listed By:
Cody Persyn
(281) 661-3222
Source:
Moodyscre
Added: Jan 14, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:47AM
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 Colliers - Houston
Investment Insights
Based on property information with market context.
This 4,184 square foot property is zoned C2, Commercial, and is suitable for restaurant or retail use, or conversion to professional office. The property includes two pylon signs. It benefits from high traffic volume, with 16,420 vehicles per day on SR 931 South and 9,016 vehicles per day on E. Center Rd. The location features a high concentration of hotels and restaurants in close proximity.
Key Highlights
- Ideal for restaurant/retail use or conversion to professional office
- Zoned C2, Commercial
- High traffic volume: 16,420 VPD on SR 931 South
Financial Insights For Specialty Retail
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 | $24.6k | $5.88 |
| − Vacancy | −$959 | −$0.23 |
| EGI | $23.6k | $5.65 |
| − OpEx | −$5.9k | −$1.41 |
| NOI | $17.7k | $4.24 |
4,184 SF · lease $5.88/SF/yr · vacancy 3.90% · expense 25.00%
Alternative Uses
Best Use
Retail
$638.4K
$558.6K – $744.8K
NOI $44,687 @ 7.0% cap · market cap 10.51%
Second Best
Specialty Retail
$253.3K
$221.7K – $295.5K
NOI $17,732 @ 7.0% cap · market cap 4.17%
Theoretical Best
Warehouse
$3.29M
$2.88M – $3.84M
NOI $230,643 @ 7.0% cap · market cap 54.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail or restaurant property for sale in Kokomo, Indiana.
Where is this retail space located?
The property is located at 408 E Center Rd Kokomo, IN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Ideal for restaurant/retail use or conversion to professional office; Zoned C2, Commercial; High traffic volume: **16,420 VPD on SR 931 South**
