Property profile

1936 Dixon Rd Kokomo, IN 46902

OFF-MARKET
Banks
Property ID
US31-1893788
4,182 SF 0.9 ac lot Built 1994
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,146-square-foot single-tenant office building presents a unique investment opportunity. Constructed in 1994, the one-story structure boasts a spacious, open floor plan, ideal for customization to suit a variety of business needs. The property's C1 zoning allows for flexible use, making it suitable for office, medical, or retail purposes. Its previous use as a bank provides a ready-made infrastructure for financial institutions seeking a turnkey operation. The building offers ample parking with 20 spaces available on-site, a significant advantage for employees and clients. The absence of elevators is noted, reflecting the single-story design. The entire 4,146 square feet is currently vacant, providing immediate occupancy for the new owner. This property represents a rare chance to acquire a well-located, adaptable space with significant potential for growth and return on investment. The building's size and layout offer considerable flexibility for future tenants or owners, allowing for creative space planning and efficient use of the available area. Its strategic location on Dixon Street provides excellent visibility and accessibility. The property's features combine to create a compelling opportunity for businesses seeking a functional and adaptable workspace.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1994
Construction WOOD
Total area 4,182 SF
Lot 0.9 ac (39,204 SF)
APN 34-09-02-300-041.000-002
UPID US31-1893788

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
  • Atm

Location

1936 Dixon Rd Kokomo, IN 46902-7302
Kokomo metro Census 800 KOKOMO, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2012
1 recorded transaction
2012
$424,000

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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