Kokomo Retail/Restaurant Opportunity For
For Sale
Contact for pricing
408 E Center Rd, Kokomo, IN
Retail or restaurant property for sale in Kokomo, Indiana.
Property Size4,184 SF
Lot Size0.66 Acres
Price / SF$101.58
Days on Market652
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
(713) 222-2111
Listed By:
Cody Persyn · License #9003586
(281) 661-3222
Source:
Moodyscre
Added: Jan 14, 2025
Changed: Oct 25
Last Checked: Oct 26 at 7:17PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$17,732
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,640
$354.6K
Cap Rate 7%
$253,314
$253.3K
Cap Rate 9%
$197,022
$197.0K
Market Conditions
NOI Build-Up for 4,184 SF
Gross rent
$24.6K $5.88/SF
− Vacancy
−$959 −$0.23/SF
EGI
$23.6K $5.65/SF
− OpEx
−$5.9K −$1.41/SF
NOI
$17.7K $4.24/SF
Area
Howard County, IN
Vacancy
3.90%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,640
Cap Rate 7%
$253,314
Cap Rate 9%
$197,022
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
156k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 18%
Hotels & Casinos 4%
Home Improvements & Furnishings 1%
Texas Roadhouse
Dining
29,511 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
25,183 visits/mo
0.2 miles
Culver's
Dining
18,866 visits/mo
0.2 miles
Olive Garden
Dining
18,767 visits/mo
0.4 miles
Speedway
Shops & Services
12,845 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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**
