2916 Reed Rd Kokomo, IN 46902
- Office buildings
- 3,134 SF
- 1.67 lot acres
Current Use by Public Records
- Jason Lipinski: Branch Manager, Mortgage Consultant, NMLS# 167569 / Mortgage Lender
- Brent Kelley, Loan Officer / Mortgage Lender
Property Details for 2916 Reed Rd
- Year built
- 1996
- Construction
- WOOD
- Lot size
- 1.67 lot acres
- Property size
- 3,134 SF
- Property type
- Office buildings
- APN
- 34-10-07-426-025.000-002
- APU
- 341007426025000002
Description
This exceptional retail property, located at 2916 S Reed Rd in Kokomo, Indiana, presents a fantastic opportunity for a single-tenant business. The building boasts a total of 1,706 square feet of space, currently entirely vacant and ready for immediate occupancy. Its convenient location in Kokomo, zip code 46902, offers excellent visibility and accessibility for customers. The property is zoned C2, providing flexibility for a variety of commercial uses. The building's single-tenant configuration ensures exclusive use and control of the entire space, eliminating the complexities of multi-tenant management. This is an ideal space for a business seeking a standalone location with ample room for operations and growth. The property's size and zoning make it suitable for a range of retail businesses, offering a blank canvas for a new venture or a relocation opportunity for an established company. With its prime location and readily available space, this property represents a compelling investment opportunity in a thriving Kokomo market. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is situated at latitude 40.4527663 and longitude -86.1136868.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $395,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $375,000
- Mixed-Use
- $330,000
- Hospitality
- $385,000
- Educational
- $365,000
- Residential Income
- $395,000
- Energy
- $315,000
- Income-Based Land
- $375,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Kokomo
- County
- Howard
- State
- Indiana
- Longitude
- -86.1128
- Latitude
- 40.453
- CBSA code
- 29020
- CBSA name
- KOKOMO, IN METROPOLITAN STATISTICAL AREA