Three-Office Suite with
For Sale
Contact for pricing
2916 S Reed Road, Kokomo, IN 46902
Reception space and a sizable rear room provide options for office, conference, or storage use.
Property Size1,700 SF
Price / SF$16.94
Days on Market9
Property Features for 2916 S Reed Road
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
1996
Listing Agency:
Fortune Companies, Inc
Listed By:
DJ Butcher · License #RB20000053
(765) 860-2591
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:11PM
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 Fortune Companies, Inc
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Investment Insights
Based on property information with market context.
This office property contains just over 1,700 square feet, arranged with a reception area and three offices. A large storage room at the rear can also serve as an additional office or conference room. Built in 1996, the space offers a practical mix of work areas and flexible back-room space.
The property is at 2916 S Reed Road in Kokomo, with access off of 931.
The property is at 2916 S Reed Road in Kokomo, with access off of 931.
Key Highlights
- Just over 1,700 square feet of office space
- Reception area and three offices
- Large rear storage room can be used as an office or conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,442
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,840
$348.8K
Cap Rate 7%
$249,171
$249.2K
Cap Rate 9%
$193,800
$193.8K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$30.6K $18.00/SF
− Vacancy
−$7.3K −$4.32/SF
EGI
$23.3K $13.68/SF
− OpEx
−$5.8K −$3.42/SF
NOI
$17.4K $10.26/SF
Area
Howard County, IN
Vacancy
24.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,840
Cap Rate 7%
$249,171
Cap Rate 9%
$193,800
Alternative Uses
Best Use
Office B
$249.2K
$218.0K – $290.7K
NOI $17,442 @ 7.0% cap · market cap 60.56%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,712 @ 7.0% cap · market cap 325.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
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Business Placement
Demographics for 46902, IN
36,038
Population
18,004
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
50.7 sq mi
ZIP Area
711
Density / Sq Mi
$59,548
Median Household Income
$36,902
Median Earnings
$929
Median Rent
$154,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Reception space and a sizable rear room provide options for office, conference, or storage use.
Where is this office unit located?
The property is located at 2916 S Reed Road Kokomo, IN.
What are key features of this property?
This property features: Just over 1,700 square feet of office space; Reception area and three offices; Large rear storage room can be used as an office or conference room
