909 Belvedere Dr Kokomo, IN 46901
Restaurant building for sale with parking and new metal roof.
Property Features for 909 Belvedere Dr
General Information
- Standard status
- Active
- Size
- 4,927 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing office Fortune Companies Inc (765) 457-1700
Listing date Jul 24, 2024
Source Crexi
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
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic location near Markland Mall, Wal‑Mart, Meijer, and multiple fast‑food chains.
- Substantial building size: Approximately 4,627 sq. ft.
- Dedicated parking lot.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $5.88 |
| − Vacancy | −$1.1k | −$0.23 |
| EGI | $27.8k | $5.65 |
| − OpEx | −$7.0k | −$1.41 |
| NOI | $20.9k | $4.24 |
