Automotive Service Retail
For Sale
$525,000
714 Belvedere Drive, Kokomo, IN 46901
For sale automotive property at 714 Belvedere Drive in Howard County, accessible via GPS-friendly directions.
Property Size2,080 SF
Days on Market84
Property Features for 714 Belvedere Drive
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Business Opportunity
Zoning
C-2
Amenities
Wall Unit(s)
Baseboard, Electric, Natural Gas, Wall Furnace, Other
Partial, Privacy
Common, Asphalt, Gravel, Garage Door Opener, Leased
Building Details
Building Size
2,080 SF
Year Built
1986
Stories
1
Listing Agency:
True Realty
Listed By:
Susan Cone
(317) 710-3419
Source:
Evrealestate
Added: Jun 15
Changed: Sep 5
Last Checked: Sep 5 at 5:24AM
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 True Realty
Investment Insights
Based on property information with market context.
This for-sale automotive service and retail property is located at 714 Belvedere Drive in Kokomo, IN, in Howard County. The property is categorized for use as an auto shop and other automotive retail commercial real estate.
Directions are listed as GPS friendly, supporting straightforward access for clients, vendors, and visitors.
The asking price is $525,000. Additional details regarding the building configuration, square footage, and on-site improvements were not provided, so interested parties should confirm all specifics during due diligence.
Directions are listed as GPS friendly, supporting straightforward access for clients, vendors, and visitors.
The asking price is $525,000. Additional details regarding the building configuration, square footage, and on-site improvements were not provided, so interested parties should confirm all specifics during due diligence.
Key Highlights
- Automotive property for sale at 714 Belvedere Drive in Howard County, GPS‑friendly directions
- Built in 1986
- Heating includes baseboard, electric, natural gas, wall furnace, and other systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,215
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$444,300
$444.3K
Cap Rate 7%
$317,357
$317.4K
Cap Rate 9%
$246,833
$246.8K
Market Conditions
NOI Build-Up for 2,080 SF
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.
Gross rent
$33.2K $15.96/SF
− Vacancy
−$1.5K −$0.70/SF
EGI
$31.7K $15.26/SF
− OpEx
−$9.5K −$4.58/SF
NOI
$22.2K $10.68/SF
Area
Howard County, IN
Vacancy
4.40%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$444,300
Cap Rate 7%
$317,357
Cap Rate 9%
$246,833
Alternative Uses
Best Use
Industrial
$1.35M
$1.18M – $1.57M
NOI $94,426 @ 7.0% cap · market cap 17.99%
Second Best
Retail
$317.4K
$277.7K – $370.3K
NOI $22,215 @ 7.0% cap · market cap 4.23%
Theoretical Best
Warehouse
$1.64M
$1.43M – $1.91M
NOI $114,660 @ 7.0% cap · market cap 21.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
498k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 40%
Shops & Services 28%
Dining 25%
Apparel 2%
Walmart
Superstores
113,460 visits/mo
0.2 miles
Sam's Club
Superstores
84,359 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
43,522 visits/mo
0.4 miles
Sam's Club Gas Station
Shops & Services
28,724 visits/mo
0.3 miles
Wendy's
Dining
19,672 visits/mo
0.3 miles
Demographics for 46901, IN
38,072
Population
18,307
Households
2.1
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
140.9 sq mi
ZIP Area
270
Density / Sq Mi
$61,041
Median Household Income
$37,107
Median Earnings
$869
Median Rent
$131,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - For sale automotive property at 714 Belvedere Drive in Howard County, accessible via GPS-friendly directions.
Where is this auto shop located?
The property is located at 714 Belvedere Drive Kokomo, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Automotive property for sale at 714 Belvedere Drive in Howard County, GPS‑friendly directions; Built in 1986; Heating includes baseboard, electric, natural gas, wall furnace, and other systems
