Property profile

1830 Reed Rd Kokomo, IN 46902

OFF-MARKET
Retail space
Property ID
US31-2140587
4,400 SF 0.46 ac lot Built 1984
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4,400-square-foot free-standing retail building is ideally situated on a high-traffic section of Reed Rd. in Kokomo, Indiana. Built in 1984 and extensively renovated in 2023, this single-tenant property boasts a Class B rating and offers ample parking with 16 spaces available for customers and employees. The building sits on a 0.46-acre lot and features a new roof and HVAC systems, ensuring efficient and comfortable operation. The interior is configured for a single tenant and is ready for immediate occupancy. The property is zoned C-2, providing flexibility for a variety of retail uses. With its prime location, recent renovations, and ample parking, this property presents a compelling opportunity for businesses seeking a high-visibility presence in the Kokomo submarket. The property's APN is 34-10-05-351-002.000-002. Taxes are $1.73 per square foot. The building is one story and has no elevators. Utilities are available. The cross street is Reed Rd. and the zip code is 46902.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Construction TYPE NOT SPECIFIED
Total area 4,400 SF
Lot 0.46 ac (20,038 SF)
APN 34-10-05-351-002.000-002
UPID US31-2140587

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods

Location

1830 Reed Rd Kokomo, IN 46902-2403
Kokomo metro Census 1300 KOKOMO, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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