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    Property profile & analytics

    3717 Reed Rd Kokomo, IN 46902-3824

    • Retail space
    • 9,364 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US31-0300630
    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

    • Sunspot Natural Market (Kokomo) / Grocery Store / Health And Beauty Shop
    • Pilato Kokomo / Pilates Studio
    • Primo Water Refill / Bottled Water Supplier

    Property Details for 3717 Reed Rd

    Year built
    1961
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.63 lot acres
    Property size
    9,364 SF
    Property type
    Retail space
    APN
    34-10-18-151-011.000-002
    APU
    341018151011000002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $365,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $315,000
      Mixed-Use
      $345,000
      Hospitality
      $280,000
      Educational
      $335,000
      Residential Income
      $355,000
      Energy
      $275,000
      Income-Based Land
      $355,000
      Food Service
      $340,000

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1258
    Latitude
    40.4427
    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
    $9,984
    $177,700
    $155,100
    $332,800
    -
    $177,700
    $155,100
    $332,800

    Comparable in this City

    • Value Estimation
      $360,000
      7,524 SF

      420 Ctr Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,524 SF
      420 Ctr Rd, Kokomo, IN 46902-5321
      View Details
    • Value Estimation by Request
      11,310 SF

      3014 Webster St

      RETAIL STORES (PERSONAL SERVICES) • 11,310 SF
      3014 Webster St, Kokomo, IN 46902-3471
      View Details
    • Value Estimation
      $385,000
      13,573 SF

      1833 Plate St

      RETAIL STORES (PERSONAL SERVICES) • 13,573 SF
      1833 Plate St, Kokomo, IN 46902-5731
      View Details
    • Value Estimation
      $365,000
      2,160 SF

      500 Reynolds Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      500 Reynolds Dr, Kokomo, IN 46902-3725
      View Details
    • Value Estimation
      $310,000
      5,040 SF

      501 Southway Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,040 SF
      501 Southway Blvd, Kokomo, IN 46902
      View Details
    • Value Estimation
      $350,000
      10,488 SF

      300 Southway Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,488 SF
      300 Southway Blvd, Kokomo, IN 46902-3678
      View Details

    Similar Nearby for Sale

    • $1,360,000
      0.87 Acres

      High-Traffic Retail Investment Opportunity

      Two-tenant retail building on Southway Blvd with strong income.
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      Showroom, office space, and storage units on 10 acres.
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      Prime Kokomo retail, mixed-use opportunity.
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      Versatile property with updated offices, mechanic garages, and car lot.
      1518 S Dixon Rd, Kokomo, IN 46902
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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space in Markland Plaza

      Retail space available in a busy Kokomo shopping center.
      1114 S 17Th St, Kokomo, IN 46902
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      Retail Space in Kokomo, Indiana

      Retail space available for lease in Kokomo, Indiana.
      1988 Boulevard E, Kokomo, IN 46902
      View Details
    • Contact for pricing
      2,000 SF

      Kokomo Retail Space Sublease

      Retail space in Kokomo's prime trade area for sublease.
      1403-1439 S Reed Rd, Kokomo, IN 46902
      View Details
    • $10 SF/Yr
      120,000 SF

      Southway Plaza Retail Spaces

      Kokomo, IN retail & office space
      3800 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
    • 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

    Property Visit Statistics

    • Visits by month
      608
    • Visitors by month
      690
    • Avg Time on site
      24 min
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    3717 Reed Rd
    Kokomo, IN 46902-3824
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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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