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Property profile & analytics
FOR SALE
Retail space

909 Belvedere Dr Kokomo, IN 46901

4,627 SF 0.35 ac lot Built 1970
Individually Owned 20-yr Hold ~ Est. High Equity
Property ID
US31-1175434
909 Belvedere Dr, Kokomo, IN 46901 For Sale
$490,000 4,627 SF
909 Belvedere Dr, Kokomo, IN 46901
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Construction WOOD
Total area 4,627 SF
Lot 0.35 ac (15,246 SF)
APN 34-04-32-351-035.000-002
UPID US31-1175434
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$533k
Blend (final) Blend
$535k
Owner & transaction history
Jackson Huynh · 20 yrs held
Jackson Huynh
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $445,000 +11.6%
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More about this property
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