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    3800 Reed Rd Kokomo, IN 46902

    Sponsored
    For Lease
    $10 SF/Yr

    Kokomo, IN retail & office space

    Lot size:
    120,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Southway Plaza offers exceptional retail and office space in Kokomo, Indiana. This Class B property, built in 1969 and renovated in 2018, comprises two buildings totaling 120,000 square feet on an 8.8-acre lot. Currently, 12,072 square feet of space is available, divisible into units as small as 4,000 square feet, with a maximum contiguous space of 8,072 square feet. The property boasts 200 parking spaces and benefits from a highly visible location on US 931, with over 46,450 vehicles passing daily. Its strategic location within a thriving shopping center, anchored by established businesses such as Mancino's Pizza, Dollar Tree, Buyers Market, Buddy's Home Furnishings, Kinship Health, One More Gym, and Starbucks, ensures high foot traffic and strong visibility. The property is zoned SC and features a convenient dual signalized access. The surrounding area has an estimated retail trade area of 167,000 people and a population of 66,342 within a 5-mile radius. This prime location presents a unique opportunity for businesses seeking high-traffic exposure and a strong local presence. The property's APN is 34-10-18-152-006.000-002.

    Property Features for 3800 Reed Rd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    120,000 SF
    Class
    B
    Total Rate
    100000

    Building Details

    Year Built/Renovated
    1969/2018
    Buildings
    2

    Unit(s) available at that property

    Space
    Suite: 3790
    Size
    8,072 SF
    Rate per SF
    $15
    Space
    Suite 3712
    Size
    4,000 SF
    Rate per SF
    $15

    HighLights

    • 4,000 SF suite available (Suite 3712).
    • 8,072 SF suite available (Suite 3790).
    • High visibility on major east‑west thoroughfare.
    • Strong co‑tenancy with Applebee's, Outback Steakhouse, and Starbucks.
    • Excellent traffic counts exceeding 46,450 vehicles per day (VPD).
    • Pylon and building facade signage opportunities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Power centers

    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
    -86.12539886
    Latitude
    40.44115966

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    FAQs

    What type of property is this?
    Power center - Kokomo, IN retail & office space
    Where is this power center located?
    The property is located at 3800 Reed Rd Kokomo, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 4,000 SF suite available (Suite 3712).; 8,072 SF suite available (Suite 3790).; High visibility on major east-west thoroughfare.
    Request Owner's contact information
    3800 Reed Rd 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
    3800 Reed Rd Kokomo, IN 46902
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