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    Property profile & analytics

    2808 Reed Rd Kokomo, IN 46902-3953

    • Hotels
    • 40,510 SF
    • 3.57 lot acres
    OFF-MARKET
    Value Estimation
    $800,000
    Location Intelligence
    Property ID
    US31-2070203
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motel 6 Kokomo, IN / Motel / Hotel

    Property Details for 2808 Reed Rd

    Year built
    1963
    Construction
    WOOD
    Lot size
    3.57 lot acres
    Property size
    40,510 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    34-10-07-426-005.000-002
    APU
    341007426005000002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $815,000

    • CAP approach

      CAP return
      Estimation
      6%
      $845,000
      6.5%
      $775,000
      7%
      $790,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $885,000
      Geo Method
      $765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $770,000
      Retail
      $740,000
      Mixed-Use
      $830,000
      Hospitality
      $810,000
      Educational
      $710,000
      Residential Income
      $850,000
      Energy
      $865,000
      Income-Based Land
      $850,000
      Food Service
      $925,000

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1129
    Latitude
    40.4539
    CBSA code
    29020
    CBSA name
    KOKOMO, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,845
    $496,800
    $564,700
    $1,061,500
    -
    $496,800
    $564,700
    $1,061,500

    Comparable in this City

    • Value Estimation by Request
      86,954 SF

      1709 Lincoln Rd

      HOTEL/MOTEL • 86,954 SF
      1709 Lincoln Rd, Kokomo, IN 46902-3900
      View Details
    • Value Estimation by Request
      59,824 SF

      5101 Cartwright Dr

      HOTEL/MOTEL • 59,824 SF
      5101 Cartwright Dr, Kokomo, IN 46902-4331
      View Details
    • Value Estimation by Request
      2,368 SF

      1901 Goyer Rd

      HOTEL/MOTEL • 2,368 SF
      1901 Goyer Rd, Kokomo, IN 46902-2784
      View Details
    • Value Estimation
      $680,000
      23,632 SF

      5110 Clinton Dr

      HOTEL/MOTEL • 23,632 SF
      5110 Clinton Dr, Kokomo, IN 46902-7135
      View Details
    • Value Estimation by Request
      2,592 SF

      4508 200th S

      HOTEL/MOTEL • 2,592 SF
      4508 200th S, Kokomo, IN 46902-4277
      View Details
    • Value Estimation by Request
      63,336 SF

      2920 Reed Rd

      HOTEL/MOTEL • 63,336 SF
      2920 Reed Rd, Kokomo, IN 46902-3991
      View Details

    Similar Nearby for Sale

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      10.00 Acres

      Kokomo Development Land: 10 Acres

      Prime Kokomo development land, zoned IS. Utilities available.
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      View Details
    • $989,900
      10.00 Acres

      Kokomo Showroom, Office & Storage

      Showroom, office space, and storage units on 10 acres.
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    • $1,360,000
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      High-Traffic Retail Investment Opportunity

      Two-tenant retail building on Southway Blvd with strong income.
      508 E Southway Blvd, 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
    • $1,500,000
      333,698 SF

      Kokomo Industrial Distribution Center

      High-intensity industrial space, 313,279 rentable sq ft.
      0 Home Ave, Kokomo, IN 46902
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    • $375,000
      0.48 Acres

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      Commercial real estate • 0.48 Acres
      1825 Plate St, Kokomo, IN 46902
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      120,000 SF

      Southway Plaza Retail Spaces

      Kokomo, IN retail & office space
      3800 Reed Rd, Kokomo, IN 46902
      View Details
    • $28,800
      1,706 SF

      Kokomo Retail Space For Lease

      1706 sq ft, Single Tenant, C2 Zoning
      2916 Reed Rd, Kokomo, IN 46902
      View Details
    • $10 SF/Yr
      8,072 SF

      Kokomo Retail Space For Lease

      Retail, medical, or office space available in Southway Plaza.
      3750-3800 S Reed Rd, Kokomo, IN 46902
      View Details
    • $3,887 /Mo
      1,942 SF

      Kokomo Office Space Available

      Versatile office suites for rent near national retailers.
      1940 South Elizabeth St, Kokomo, IN 46902
      View Details
    • Contact for pricing
      2,375 SF

      Kokomo Town Center Retail Space

      Retail space available in a redeveloped shopping center.
      1700 Boulevard E, Kokomo, IN 46902
      View Details
    • Contact for pricing
      2,000 SF

      Kokomo Medical Office Space For Lease

      2,000 SF Medical Office Available Now
      1419 Reed Rd, Kokomo, IN 46902
      View Details

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      749
    • Avg Time on site
      293 min
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    Kokomo, IN 46902-3953
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    Realmo Value Estimation

    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.

    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.

    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
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