0 Home Ave Kokomo, IN 46902
This exceptional 4-story industrial distribution center, situated on a 4.3-acre lot in Kokomo, Indiana, presents a significant investment opportunity. Boasting 333,698 square feet of total space and 313,279 square feet of net rentable area, this Class D property offers a compelling price per square foot of $4.50. The building, constructed in 1921, has a rich history, having served as a manufacturing facility for prominent automotive companies including Haynes-Apperson and Chrysler. Currently, the property is occupied by Warren's Auto Parts, a long-standing business operating for over 40 years. The property features an 18-foot ceiling height and is zoned for High Intensity Industrial/Heavy Manufacturing use, providing significant flexibility for a variety of industrial applications. The property's location in Howard County, Indiana, at the address Home Ave, Kokomo, IN 46902 (APN: 34-09-01279-001-000.02) offers convenient access to transportation networks. A complete file of environmental assessments is available for review, ensuring a transparent and informed acquisition process. The property is offered fee simple. This is a rare opportunity to acquire a substantial industrial property with a proven track record in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.