Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Kokomo, IN 46902

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Kokomo, IN 46902

    View on Map
    • Land
    • 4.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details

    Lot size
    4.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 4-acre agricultural parcel, located at 200 W in Kokomo, Indiana (Howard County, zip code 46902), presents a unique investment opportunity. Currently cash leased, this property boasts a prime location within a high-traffic area, making it ideal for a variety of development projects. The lot's size and surrounding acreage provide ample space for either commercial or residential construction, subject to obtaining necessary zoning approvals and permits. The property's APN is 3-5.9999. Given the reported housing shortage in Kokomo, this land offers significant potential for builders seeking to address this demand. The asking price for this strategically located 4-acre tract is $150,000. Its coordinates are 40.4206109 latitude and -86.1651403 longitude. Serious inquiries are encouraged to explore the possibilities this property offers. This is a rare opportunity to acquire land in a thriving area with high potential for future growth and development.

    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
    -86.1651
    Latitude
    40.4206

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      929 Bell St

      Land • 1,848 SF
      929 Bell St, Kokomo, IN 46902
      View Details
    • Value Estimation by Request
      0.13 Acres

      Kokomo, IN 46902

      Land • 0.13 Acres
      Kokomo, IN 46902
      View Details
    • Value Estimation by Request
      10.00 Acres

      Zartman Rd

      Land • 10.00 Acres
      0 Zartman Rd, Kokomo, IN 46902
      View Details
    • Value Estimation by Request
      0.47 Acres

      2947 Washington St

      Individual retail properties • 286,185 SF
      2947 Washington St, Kokomo, IN 46902
      View Details
    • Value Estimation by Request
      0.13 Acres

      Kokomo, IN 46902

      Land • 0.13 Acres
      Kokomo, IN 46902
      View Details
    • Value Estimation by Request
      71.10 Acres

      200 East St

      Land • 71.10 Acres
      200 East St, Kokomo, IN 46902
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Land on Zartman Road

      Prime development land available along Zartman Rd in Kokomo.
      Zartman Rd, Kokomo, IN 46902
      View Details
    • Contact for pricing

      Land in Kokomo, Indiana

      Land available in Kokomo, Indiana.
      2016 Boulevard E, Kokomo, IN 46902
      View Details
    • $55,000
      1.02 Acres

      Commercial Vacant Land For Sale

      1.02 AC commercial vacant land in a great location.
      239 Pipeline Way, Kokomo, IN 46902
      View Details
    • $55,000
      1.02 Acres

      Commercial Land in Kokomo, IN

      1.02 AC commercial vacant land, perfect for small business.
      239 Pipeline Way, Kokomo, IN 46902
      View Details
    • Contact for pricing
      0.58 Acres

      Residential Land in Kokomo, IN

      Residential land available in a convenient Kokomo location.
      50 S 400 E, Kokomo, IN 46902
      View Details
    • Contact for pricing
      Pending

      Residential Land in Kokomo, IN

      Residential lot in an established neighborhood of Kokomo, Indiana.
      111 Chateau Ct, Kokomo, IN 46902
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Outlot Parcel

      Acre parcel in Kokomo's regional trade area for rent.
      Boulevard E, Kokomo, IN 46902
      View Details
    • $8 SF/Yr
      17,640 SF

      Kokomo Office Space for Lease

      Creative office space, 4,420 sq ft available
      3800 Reed Rd, Kokomo, IN 46902
      View Details
    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      1926 S Dixon Rd, Kokomo, IN 46902
      View Details
    • Contact for pricing
      2,000 SF

      Kokomo Retail Space Sublease

      Retail space in Kokomo's prime trade area for sublease.
      1403-1439 S Reed Rd, Kokomo, IN 46902
      View Details
    • Contact for pricing
      2,363 SF

      Retail Space in Kokomo, Indiana

      Retail space available for lease in Kokomo, Indiana.
      1988 Boulevard E, Kokomo, IN 46902
      View Details
    • Contact for pricing

      Retail Space For Rent

      Single tenant retail space available for rent, 1,706 SqFt.
      2916 S Reed Rd, Kokomo, IN 46902
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Kokomo, IN 46902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    Kokomo, IN, 46902

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!