2909 Reed Rd Kokomo, IN 46902-7908
Property profile & analytics
2909 Reed Rd, Kokomo, IN 46902-7908
- Turn key restaurants
- 8,259 SF
- 2.78 lot acres
Property ID
US31-1706186
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.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 2909 Reed Rd
- Year built
- 1995
- Construction
- WOOD
- Lot size
- 2.78 lot acres
- Property type
- Turn key restaurants
- APN
- 34-10-07-402-009.000-002
- APU
- 341007402009000002
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Kokomo
- County
- Howard
- State
- Indiana
- Longitude
- -86.1157
- Latitude
- 40.4534
- 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
$25,170
$255,300
$583,700
$839,000
-
$255,300
$583,700
$839,000
