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 Market132
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: Oct 23
Last Checked: Oct 23 at 8:15AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$22,215
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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
Similar Off Market Nearby
- Byrider Kokomo Service Center — 1304 S Elizabeth St, Kokomo, IN 46902
- Rides & Rods Customs — 1310 S Elizabeth St, Kokomo, IN 46902
- CRS mechanical service — 1310 S Elizabeth St, Kokomo, IN 46902
- Lucky 7's Custom Paint & Body — 1201 s seventeenth st, kokomo, in 46902
- DADS GARAGE — 1115 E Markland Ave, Kokomo, IN 46901
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
