Corner Lot Retail
For Sale
$189,900
925 S Calumet St, Kokomo, IN 46901
Corner lot with high visibility, suitable for various purposes.
Property Size1,225 SF
Price / SF$155.02
Days on Market145
Property Features for 925 S Calumet St
General Information
Standard status
Active
Size
1,225 SF
Building Details
Year Built
2002
Listing Agency:
True Realty
Listed By:
Amy True · License #RB14037888
(765) 438-6386
Source:
Spencerchildersgroup
Added: May 22
Changed: Oct 11
Last Checked: Oct 7 at 1:02PM
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
Investment Insights
Based on property information with market context.
This corner lot property, constructed in 2002, is located at the intersection of Markland Avenue and South Calumet Street, offering high visibility due to Markland Avenue traffic. The metal building provides low maintenance and features a large, open-concept room, a restroom, and a utility room. The property also includes a large paved lot. Formerly used as a coin-operated laundromat, the property is suitable for a multitude of purposes. It features 600 AMP electric service, high-pressure gas, a 6-inch sewer drain, and a 1-inch water line.
Key Highlights
- High‑visibility corner lot location on Markland Avenue.
- Large paved lot.
- 600 AMP electric service.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,084
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,680
$261.7K
Cap Rate 7%
$186,914
$186.9K
Cap Rate 9%
$145,378
$145.4K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$19.6K $15.96/SF
− Vacancy
−$860 −$0.70/SF
EGI
$18.7K $15.26/SF
− OpEx
−$5.6K −$4.58/SF
NOI
$13.1K $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%
$261,680
Cap Rate 7%
$186,914
Cap Rate 9%
$145,378
Alternative Uses
Best Use
Retail
$186.9K
$163.6K – $218.1K
NOI $13,084 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$964.7K
$844.1K – $1.13M
NOI $67,528 @ 7.0% cap · market cap 35.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
620k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Dining 26%
Shops & Services 20%
Apparel 13%
Walmart
Superstores
113,460 visits/mo
0.5 miles
Sam's Club
Superstores
84,359 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
43,522 visits/mo
0.3 miles
Ross Dress for Less
Apparel
34,037 visits/mo
0.3 miles
Dunham's Sports
Apparel
30,336 visits/mo
0.2 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner lot with high visibility, suitable for various purposes.
Where is this storefront property located?
The property is located at 925 S Calumet St Kokomo, IN.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: High‑visibility corner lot location on Markland Avenue.; Large paved lot.; 600 AMP electric service.
