Entity Owned Property summary
This exceptional value-add opportunity presents an 8,259-square-foot restaurant located at 2909 S. Reed Road, Kokomo, IN 46902. The property, built in 1995, sits on a 2.78-acre lot and is zoned C2, allowing for a variety of commercial uses. Currently operating as a restaurant with a corporate-guaranteed lease held by Yori Kokomo, LLC, the property boasts 100% occupancy with a lease term expiring March 31, 2026 (1.4 years remaining). The current net operating income (NOI) is $99,108, yielding… a 6.01% cap rate at the asking price of $1,650,000 ($199.78/sq ft). The lease is a Net Lease (NN) structure. The property benefits from a high-traffic location on Kokomo's busiest street, with 38,000 vehicles per day, and is situated in a primary retail corridor. Significant nearby employers include the Stellantis/Chrysler Transmission Plant and Haynes International Inc. Kokomo's population has experienced substantial growth (29% from 2010 to 2020), further enhancing the investment potential. The sale includes existing restaurant and kitchen equipment. A liquor license is available for an additional fee. The property offers high visibility with signage rights and access from Reed Road (38,255 VPD) and Lincoln Road (10,913 VPD). It's conveniently located 45 minutes north of Indianapolis and benefits from Indiana's strong economy. The property is also situated on the pedestrian "Industrial Heritage Trail," connecting it to several hotels and the Stellantis plant. Future development in the area includes significant investments by Samsung and Stellantis in electric vehicle battery factories.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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