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    3800 Reed Rd Kokomo, IN 46902

    Sponsored
    For Lease
    $8 SF/Yr ($11,760 /Mo)

    Creative office space, 4,420 sq ft available

    Lot size:
    17,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional creative office space, totaling 4,420 square feet, is immediately available for lease. Located within the Southway Plaza complex in Kokomo, Indiana, this property offers a prime location with high visibility and accessibility. The building, constructed in 1969, is a two-story structure with approximately 8,820 square feet per floor, offering a total building area of 17,640 square feet. The space boasts abundant paved surface parking. Situated on an 8.81-acre site with a quarter-mile of frontage on US 31, the property benefits from prominent visibility and dual signalized access. The location enjoys a strong retail trade area, encompassing an estimated 167,000 people within a 5-mile radius, and a population of 60,800 within the same area. Daily traffic counts exceeding 46,450 vehicles pass the property. Recent improvements include the addition of a Starbucks to an outlot on the property. The property is zoned SC and has an APN of 34-10-18-152-006.000-002. This is a Class B building.

    Property Features for 3800 Reed Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,640 SF
    Class
    B
    Total Rate
    11760

    Building Details

    Year Built
    1969
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Suite: 3702
    Size
    4,420 SF
    Rate per SF
    $8

    HighLights

    • Established, high‑traffic shopping center.
    • Pylon signage opportunity available.
    • High visibility on Kokomo's main east‑west thoroughfare.
    • High traffic counts: 46,450 vehicles per day (VPD).
    • Strong tenant mix including Verizon, Mancino's Pizza, Dollar Tree, Starbucks, and Club Fitness.
    • Lease rate: $8 per square foot, triple net (NNN).
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1242498
    Latitude
    40.4439224

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    FAQs

    What type of property is this?
    Office space - Creative office space, 4,420 sq ft available
    Where is this office space located?
    The property is located at 3800 Reed Rd Kokomo, IN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Established, high-traffic shopping center.; Pylon signage opportunity available.; High visibility on Kokomo's main east-west thoroughfare.
    Request Owner's contact information
    3800 Reed Rd 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

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    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
    3800 Reed Rd Kokomo, IN 46902
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