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    1500 Reed Rd Kokomo, IN 46901

    For Sale
    $4,999,900

    100,968 SF Warehouse/Manufacturing

    Property size:
    100,968 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 100,968-square-foot industrial property in Kokomo, Indiana, presents a significant investment opportunity. Situated on an 8-acre lot at 1500 N Reed Rd, 46901, this single-story, 1990-built facility boasts a spacious layout ideal for diverse uses. The building features 2 loading docks and 4 overhead doors, ensuring efficient material handling. High ceilings, ranging from 14 to 20 feet, provide ample vertical space. The property is zoned C2 and offers a large parking area. Its strategic location provides easy highway access, making it an attractive option for businesses needing convenient transportation links. The asking price is $4,999,900, translating to $49.52 per square foot. This multi-tenant building presents a compelling opportunity for investors seeking strong cash flow potential or businesses looking to expand their operations. The property's versatility allows for various uses, including warehousing, storage, retail, and even restaurant establishments. Its proximity to the new battery plant in Kokomo further enhances its appeal and potential for future growth. The property's size and features make it a rare find in the Kokomo market.

    Property Features for 1500 Reed Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    100,968 SF
    Lot Size
    348,480 SF

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $4,999,900 asking price for this industrial property.
    • 100,968 square feet of net rentable space in a single‑story building.
    • Located at 1500 N Reed Rd, Kokomo, IN 46901, on an 8‑acre lot.
    • Features 2 loading docks, 4 overhead doors, and 20‑foot ceiling heights.
    • C2 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kokomo Event & Conference ... Conference Center Lucas Home Furnishings ... Warehouse Sunrise Structures of Kokomo Shed Builder Kokomo Fireworks Fireworks Store Simply Tasty Jam Grocery Store

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1084663
    Latitude
    40.5011876

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    FAQs

    What type of property is this?
    Distribution property - 100,968 SF Warehouse/Manufacturing
    Where is this distribution property located?
    The property is located at 1500 Reed Rd Kokomo, IN.
    What is the asking price?
    The asking price for this property is $4,999,900.
    What are key features of this property?
    This property features: $4,999,900 asking price for this industrial property.; 100,968 square feet of net rentable space in a single-story building.; Located at 1500 N Reed Rd, Kokomo, IN 46901, on an 8-acre lot.
    Request Owner's contact information
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    Kokomo, IN 46901
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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
    1500 Reed Rd Kokomo, IN 46901
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