3800 S Reed Rd Kokomo, IN 46902
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.