Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    328 Firmin St Kokomo, IN 46902

    • Warehouses
    • 10,578 SF
    • 1.58 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2939208
    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

    • Warehouses

    Property Details for 328 Firmin St

    Year built
    1908
    Construction
    WOOD
    Lot size
    1.58 lot acres
    Property size
    10,578 SF
    Property type
    Warehouses
    APN
    34-10-06-303-002.000-002
    APU
    341006303002000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $223,000
      Market price range: $176k - $1.20M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1273
    Latitude
    40.4688
    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
    $2,763
    $51,700
    $40,400
    $92,100
    -
    $51,700
    $40,400
    $92,100

    Comparable in this City

    • Value Estimation by Request
      168 SF

      Us Hwy 31

      STORAGE YARD, OPEN STORAGE • 168 SF
      Us Hwy 31, Kokomo, IN 46902
      View Details
    • Value Estimation by Request
      448 SF

      Highland Park

      STORAGE YARD, OPEN STORAGE • 448 SF
      Highland Park, Kokomo, IN 46902
      View Details
    • Value Estimation
      $235,000
      2,352 SF

      1315 Dixon Rd

      STORAGE YARD, OPEN STORAGE • 2,352 SF
      1315 Dixon Rd, Kokomo, IN 46902-6056
      View Details
    • Value Estimation
      $255,000
      7,056 SF

      1304 Elizabeth St

      WAREHOUSE, STORAGE • 7,056 SF
      1304 Elizabeth St, Kokomo, IN 46902-1847
      View Details
    • Value Estimation
      $335,000
      448 SF

      Flint Ct

      STORAGE YARD, OPEN STORAGE • 448 SF
      Flint Ct, Kokomo, IN 46902
      View Details
    • Value Estimation
      $310,000
      3,000 SF

      1313 Jay St

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      1313 Jay St, Kokomo, IN 46902-1710
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $724,900
      0.58 Acres

      Kokomo Office Building - Prime Location

      Renovated Office Space, Ample Parking
      3900 Southland Ave, Kokomo, IN 46902
      View Details
    • $450,000
      2,898 SF

      Kokomo Office Building - $450K

      Prime Kokomo office space, vacant & ready.
      431 Lincoln Rd, Kokomo, IN 46902
      View Details
    • $1,450,000
      8,064 SF

      Kokomo Office Building - $1.45M

      High-yield office complex, 8,064 SF, 5.5% cap rate.
      2981 Webster St, Kokomo, IN 46902
      View Details
    • $225,000
      1,500 SF

      Kokomo Executive Office Building

      Modern office, 1500 sq ft, high traffic.
      600 Markland, Kokomo, IN 46902
      View Details
    • $324,900
      3,506 SF

      Spacious Condo with Golf Course Views

      Well-maintained 3BR/3.5BA condo in Woodhaven with scenic views.
      3264 Woodhaven Trl, Kokomo, IN 46902
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      1,650 SF

      Retail Space in Markland Plaza

      Retail space available in a busy Kokomo shopping center.
      1114 S 17Th St, Kokomo, IN 46902
      View Details
    • Contact for pricing
      3,095 SF

      Medical Office Space For Rent

      Professionally managed medical office park with convenient parking.
      2312 S Dixon Rd, Kokomo, IN 46902
      View Details
    • $12 SF/Yr

      Office Space with Build-Out Options

      5,047 sq ft office space with ample parking.
      300 E Southway Blvd, Kokomo, IN 46902
      View Details
    • $8 SF/Yr
      17,640 SF

      Kokomo Office Space for Lease

      Creative office space, 4,420 sq ft available
      3800 Reed Rd, Kokomo, IN 46902
      View Details
    • Contact for pricing
      2,363 SF

      Retail Space in Kokomo, Indiana

      Retail space available for lease in Kokomo, Indiana.
      1988 Boulevard E, Kokomo, IN 46902
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    328 Firmin St
    Kokomo, IN 46902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.