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    3800 Reed Rd Kokomo, IN 46902

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    3800 Reed Rd Kokomo, IN 46902


    • Strip malls
    • 46,400 SF
    • 8.40 lot acres
    Kokomo Retail/Office Space Available For Lease
    $1,890,000
    8,072 SF

    Kokomo Retail/Office Space Available

    Medical, office, or retail spaces for lease in Kokomo, Indiana.

    3800 S Reed Rd, Kokomo, IN 46902
    View Listing
    Property ID
    US31-1753335
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 3800 Reed Rd

    Year built
    1964
    Construction
    TYPE NOT SPECIFIED
    Lot size
    8.40 lot acres
    Property size
    46,400 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    34-10-18-152-006.000-002
    APU
    341018152006000002

    Description

    This exceptional creative office space, totaling 4,420 square feet, is immediately available for lease. Located within the Southway Plaza complex in Kokomo, Indiana, this property offers a prime location with high visibility and accessibility. The building, constructed in 1969, is a two-story structure with approximately 8,820 square feet per floor, offering a total building area of 17,640 square feet. The space boasts abundant paved surface parking. Situated on an 8.81-acre site with a quarter-mile of frontage on US 31, the property benefits from prominent visibility and dual signalized access. The location enjoys a strong retail trade area, encompassing an estimated 167,000 people within a 5-mile radius, and a population of 60,800 within the same area. Daily traffic counts exceeding 46,450 vehicles pass the property. Recent improvements include the addition of a Starbucks to an outlot on the property. The property is zoned SC and has an APN of 34-10-18-152-006.000-002. This is a Class B building.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,854,000
      Market price range: $678k - $1.85M
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,340,000
      Current use
      MEDICAL BUILDING
      $2,450,000
      Change: +83% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1243
    Latitude
    40.4423
    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
    $92,505
    $1,224,000
    $1,859,500
    $3,083,500
    -
    $1,224,000
    $1,859,500
    $3,083,500
    View Listing
    More about this property
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