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Property profile & analytics
FOR SALE
Outlet malls

1500 N Reed Rd Kokomo, IN 46901

100,968 SF 11.5 ac lot Built 1990
Entity Owned Absentee Owner Free & Clear
Property ID
US31-1719785
Property summary
AI-generated overview

This exceptional 100,968 square foot commercial building presents a significant investment opportunity in Kokomo, Indiana. Strategically located just south of the new battery plant, this property boasts high visibility and convenient access to major highways. The expansive 11.5-acre lot includes a substantial parking area, perfect for accommodating employees and customers. The building itself features a multitude of potential uses, including warehousing, storage, retail, and restaurants. With two dock doors and four overhead doors, loading and unloading are efficient and straightforward. The interior offers versatile space with ceiling heights ranging from 14 to 20 feet. A prominent multi-tenant sign enhances visibility and marketing opportunities. This property's size, location, and features make it ideal for a single large business seeking expansion or multiple tenants seeking a shared space. The potential for increased cash flow through various business models makes this a compelling investment for both established businesses and savvy investors. The property is priced at $4,999,000. Don't miss this chance to acquire a prime commercial property in a rapidly growing area.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1990
Construction WOOD
Total area 100,968 SF
Lot 11.5 ac (500,940 SF)
APN 34-04-30-277-002.000-002
UPID US31-1719785
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kokomo Event & Conference Center Conference Center Trade Show Venue
  • Lucas Home Furnishings Warehouse Warehouse & Storage
  • Sunrise Structures of Kokomo Construction Company General Contractor
  • Kokomo Fireworks Discount Store Party Supply Store
  • Simply Tasty Jam Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.48M
Owner & transaction history
KOKOMOECC LLC
KOKOMOECC LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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