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    1801 North St Kokomo, IN 46901

    • Warehouses
    • 34,968 SF
    • 3.93 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Richards Building Supply / Door Supplier / Roofing Supply Store

    Property Details for 1801 North St

    Year built
    1973
    Lot size
    3.93 lot acres
    Property size
    34,968 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1071
    Latitude
    40.4966

    Comparable in this City

    • Value Estimation by Request
      34,963 SF

      1801 North St

      Distribution properties • 34,963 SF
      1801 North St, Kokomo, IN 46901
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    • Value Estimation
      $295,000
      3,120 SF

      604 Saint Joseph Dr

      MINI-WAREHOUSE, STORAGE • 3,120 SF
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      $305,000
      4,670 SF

      1619 En St

      WAREHOUSE, STORAGE • 4,670 SF
      1619 En St, Kokomo, IN 46901-3145
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    • Value Estimation
      $265,000
      1,000 SF

      218 Wn St

      MINI-WAREHOUSE, STORAGE • 1,000 SF
      218 Wn St, Kokomo, IN 46901-2857
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    • Value Estimation
      $1,050,000
      455,402 SF

      1155 Vaile Ave

      WAREHOUSE, STORAGE • 455,402 SF
      1155 Vaile Ave, Kokomo, IN 46901-5558
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    • Value Estimation
      $265,000
      4,920 SF

      5084 00 Ns

      WAREHOUSE, STORAGE • 4,920 SF
      5084 00 Ns, Kokomo, IN 46901-6673
      View Details

    Similar Nearby for Sale

    • $4,999,900
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      Kokomo Industrial Facility For Sale

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    • $1,600,000
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      Kokomo Industrial Warehouse

      34,963 SF Warehouse - $1.6M
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    • $450,000
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      Kokomo Commercial Building For Sale

      Prime Kokomo location, high traffic, versatile space.
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    • $775,500
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      Kokomo Commercial Land - 4.7 Acres

      Prime Kokomo land, build-to-suit options.
      2600 Sycamore St, Kokomo, IN 46901
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    • $490,000
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      Kokomo Restaurant - $490,000

      Prime Kokomo Restaurant, Vacant, 4,927 SF
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    Similar Nearby for Lease

    • $10 SF/Yr
      133,384 SF

      Kokomo Retail Center Investment

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      Freestanding Retail Space Available

      10,233 SF freestanding retail space in Kokomo, Indiana.
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      Meijer In-Store Retail Space

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      540 SF

      Kokomo Retail Hub Space Available

      Retail space available in Kokomo's leading shopping destination.
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      Retail Land Near Markland Mall

      Commercial land available across from Markland Mall.
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      7,575 SF

      Kokomo Retail Space For Lease

      Retail space available in community shopping center anchored by Kroger.
      2821-2947 S Washington St, Kokomo, IN 46901
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    1801 North St
    Kokomo, IN 46901
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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