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    Property profile & analytics

    909 Belvedere Dr Kokomo, IN 46901

    • Retail space
    • 4,627 SF
    • 0.35 lot acres
    For Sale
    View listing
    $490,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-1175434
    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

    • Retail space

    Property Details for 909 Belvedere Dr

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Property size
    4,627 SF
    Property type
    Retail space
    APN
    34-04-32-351-035.000-002
    APU
    340432351035000002

    Description

    This thriving Kokomo restaurant presents a fantastic investment opportunity. Located at 909 Belvedere Drive, 46901, this single-tenant property boasts a generous 4,927 square feet of space on a 0.36-acre lot. The building enjoys a prime location, situated near major retail anchors including Markland Mall, Walmart, Meijer, Raising Cane's, Popeye's, McDonald's, Sonic, and Chipotle, ensuring high visibility and consistent foot traffic. Recent improvements include a fresh exterior paint job and a brand-new metal roof, minimizing immediate maintenance needs. The property also features its own dedicated parking lot, providing ample space for customers and staff. This turnkey operation is ready for a new owner to step in and capitalize on its established presence in a bustling commercial area. The property's size and location make it ideal for a variety of restaurant concepts, offering significant potential for growth and profitability. The 0.36-acre lot provides ample space for outdoor seating or future expansion, further enhancing its appeal. This is a rare opportunity to acquire a well-maintained, strategically located restaurant in a thriving Indiana market. Serious inquiries are encouraged.

    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%
      $430,000
      6.5%
      $385,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $450,000
      Mixed-Use
      $365,000
      Hospitality
      $455,000
      Educational
      $420,000
      Residential Income
      $470,000
      Energy
      $460,000
      Income-Based Land
      $400,000
      Food Service
      $465,000

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1067
    Latitude
    40.4776
    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
    $7,332
    $117,900
    $126,500
    $244,400
    -
    $117,900
    $126,500
    $244,400

    Comparable in this City

    • Value Estimation by Request
      336 SF

      310 Morgan St

      RETAIL STORES (PERSONAL SERVICES) • 336 SF
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    • Value Estimation by Request
      14,280 SF

      503 Buckeye St

      RETAIL STORES (PERSONAL SERVICES) • 14,280 SF
      503 Buckeye St, Kokomo, IN 46901-4518
      View Details
    • Value Estimation by Request
      14,280 SF

      503 Buckeye St

      RETAIL STORES (PERSONAL SERVICES) • 14,280 SF
      503 Buckeye St, Kokomo, IN 46901-4518
      View Details
    • Value Estimation by Request
      1,320 SF

      415 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      415 Park Ave, Kokomo, IN 46901-5356
      View Details
    • Value Estimation by Request
      82,496 SF

      114 Un St

      RETAIL STORES (PERSONAL SERVICES) • 82,496 SF
      114 Un St, Kokomo, IN 46901-5157
      View Details
    • Value Estimation
      $280,000
      0.16 Acres

      Essex Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.16 Acres
      Essex Dr, Kokomo, IN 46901
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      10,233 SF

      Freestanding Retail Space Available

      10,233 SF freestanding retail space in Kokomo, Indiana.
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      Kokomo Retail Space For Lease

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    • $10 SF/Yr
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      Kokomo Retail Center Investment

      High-traffic retail space in Kokomo, IN.
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    • Contact for pricing
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      Kokomo Riverfront Commercial Space

      Prime Kokomo location, 5,166 sq ft available.
      306 Main St, Kokomo, IN 46901
      View Details
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    909 Belvedere Dr
    Kokomo, IN 46901
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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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