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Property profile & analytics
FOR SALE
Turn key restaurants

408 E Center Rd Kokomo, IN 46902

4,184 SF 0.66 ac lot Built 1981
Entity Owned 17-yr Hold Free & Clear
Property ID
US31-0175014
Property summary
AI-generated overview

This exceptional commercial property, located at 408 E Center Road in Kokomo, Indiana, presents a compelling investment opportunity. Situated on a 0.67-acre lot at the highly visible intersection of Center Road and 931, this building offers over 4,000 square feet of adaptable space. Its prime location ensures excellent visibility and accessibility for customers and employees alike. Ample on-site parking is available, easily accommodating high traffic volume. The interior layout is well-suited for a variety of commercial uses. A spacious dining area is ideal for businesses requiring customer seating, complemented by a fully equipped prep area and a convenient walk-in refrigerator. The property benefits from a newer metal roof, providing long-term durability and minimizing maintenance costs. This property is priced at $425,000 and represents an excellent chance to establish or expand a business in a thriving Kokomo location. The combination of size, location, and features makes this an attractive option for discerning buyers seeking a versatile and well-maintained commercial space. Don't miss this opportunity to secure a prominent presence in a high-traffic area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1981
Total area 4,184 SF
Lot 0.66 ac (28,750 SF)
APN 34-10-18-353-004.000-015
UPID US31-0175014
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pizza Hut Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Harbaugh Enterprises INC · 17 yrs held
Harbaugh Enterprises INC
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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