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    Home Ave Kokomo, IN 46902

    For Sale
    $1,500,000

    High-intensity industrial space, 313,279 rentable sq ft.

    Property size:
    333,698 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4-story industrial distribution center, situated on a 4.3-acre lot in Kokomo, Indiana, presents a significant investment opportunity. Boasting 333,698 square feet of total space and 313,279 square feet of net rentable area, this Class D property offers a compelling price per square foot of $4.50. The building, constructed in 1921, has a rich history, having served as a manufacturing facility for prominent automotive companies including Haynes-Apperson and Chrysler. Currently, the property is occupied by Warren's Auto Parts, a long-standing business operating for over 40 years. The property features an 18-foot ceiling height and is zoned for High Intensity Industrial/Heavy Manufacturing use, providing significant flexibility for a variety of industrial applications. The property's location in Howard County, Indiana, at the address Home Ave, Kokomo, IN 46902 (APN: 34-09-01279-001-000.02) offers convenient access to transportation networks. A complete file of environmental assessments is available for review, ensuring a transparent and informed acquisition process. The property is offered fee simple. This is a rare opportunity to acquire a substantial industrial property with a proven track record in a prime location.

    Property Features for 0 Home Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    333,698 SF
    Class
    D
    Lot Size
    187,308 SF

    Building Details

    Year Built
    1921
    Stories
    4

    HighLights

    • Complete environmental assessment file available.
    • High‑traffic location with excellent visibility.
    • Strong tenant roster with long‑term leases.
    • Significant upside potential through lease renewals and rent increases.
    • Well‑maintained building with recent capital improvements.
    • Strategic location offering easy access to major transportation arteries.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.124138
    Latitude
    40.466344

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    FAQs

    What type of property is this?
    Distribution property - High-intensity industrial space, 313,279 rentable sq ft.
    Where is this distribution property located?
    The property is located at Home Ave Kokomo, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Complete environmental assessment file available.; High-traffic location with excellent visibility.; Strong tenant roster with long-term leases.
    Request Owner's contact information
    Home Ave Kokomo, IN 46902
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    Kokomo, IN 46902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Home Ave Kokomo, IN 46902
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