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    Listings

    For Sale (23)

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    Elwood Mixed-Use Commercial Property
    $350,000
    8,120 SF

    Elwood Mixed-Use Commercial Property

    4.09 acres with warehouse and office on State Road 28.

    7874 E State Road 28, Elwood, IN 46036
    View details
    71.32 Acres Development Land Anderson
    $4,000,000
    71.32 Acres

    71.32 Acres Development Land Anderson

    71.32 acres of prime development land in Anderson, Indiana.

    100 S 100 E, Anderson, IN 46013
    View details
    Multifamily Property with Commercial Spaces
    $499,000
    10,200 SF

    Multifamily Property with Commercial Spaces

    Multifamily property with ten apartments and two commercial spaces.

    112 S Harrison St, Alexandria, IN 46001
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    Anderson Land Parcel For Sale
    $95,000
    1.09 Acres

    Anderson Land Parcel For Sale

    1 acre parcel suitable for commercial or residential development.

    1206 E 53Rd St, Anderson, IN 46013
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    Residential Lots Ready For Building
    Contact for pricing
    0.52 Acres

    Residential Lots Ready For Building

    Four residential lots available for building in Anderson, Indiana.

    Fulton St, Anderson, IN 46016
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    Farmland in Pendleton, Indiana
    $1,200,000
    42.17 Acres

    Farmland in Pendleton, Indiana

    42+ acre farm in the heart of Pendleton, Indiana.

    6972 S 300 W, Pendleton, IN 46064
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    Residential Lot in Anderson, IN
    Contact for pricing
    0.14 Acres

    Residential Lot in Anderson, IN

    Residential lot available for building a home in Anderson, Indiana.

    925 W 1St St, Anderson, IN 46016
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    Residential Lot Ready for Building
    Contact for pricing
    0.14 Acres

    Residential Lot Ready for Building

    Residential lot available for building in Anderson, Indiana.

    929 W 1St St, Anderson, IN 46016
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    Vintage Duplex in Anderson, Indiana
    $174,900
    0.14 Acres

    Vintage Duplex in Anderson, Indiana

    Two-story duplex built in 1910 in Madison County.

    1507 W 7Th St, Anderson, IN 46016
    View details
    29.24 Acres Development Opportunity
    $2,999,999
    29.25 Acres

    29.24 Acres Development Opportunity

    29.24 acres in a rapidly expanding commercial hub.

    3640 W 67Th St, Anderson, IN 46011
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    Residential Lot in Anderson, IN
    Contact for pricing
    0.11 Acres

    Residential Lot in Anderson, IN

    Residential vacant land for sale with lot size 39x160.

    1827 Walnut St, Anderson, IN 46016
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    Well-Maintained Duplex in Rural Location
    $259,900
    0.68 Acres

    Well-Maintained Duplex in Rural Location

    Attractive brick duplex in Frankton School District. Great investment opportunity.

    2124 Jackson Ln, Anderson, IN 46011
    View details
    Downtown Anderson Office Building For Sale
    $210,000
    3,182 SF

    Downtown Anderson Office Building For Sale

    Office building in Anderson's downtown business district, investment opportunity.

    22 W 8Th St, Anderson, IN 46016
    View details
    Downtown Anderson Duplex with Potential
    $210,000
    0.13 Acres

    Downtown Anderson Duplex with Potential

    Updated duplex in downtown Anderson, offering business or residential opportunities.

    20 W 8Th St, Anderson, IN 46016
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    Anderson Duplex: Investment Opportunity
    $124,900
    0.07 Acres

    Anderson Duplex: Investment Opportunity

    Duplex near downtown Anderson with income potential.

    1309 Pearl St, Anderson, IN 46016
    View details
    Land on Main Street, Shirley
    Contact for pricing
    0.10 Acres

    Land on Main Street, Shirley

    Unimproved lot in Shirley, Indiana, ready for development.

    314 Main St, Shirley, IN 47384
    View details
    Historic Schoolhouse with Garden Potential
    $299,900
    2,000 SF

    Historic Schoolhouse with Garden Potential

    Historic schoolhouse (built in 1898) with garden and redevelopment potential.

    14520 E State Road 38 E, Noblesville, IN 46060
    View details
    Commercial Parcels on Scatterfield Road
    $2,700,000

    Commercial Parcels on Scatterfield Road

    Commercial land parcels available for purchase, ranging from 1.56-8.88 acres.

    241 S Scatterfield Rd, Anderson, IN 46012
    View details
    Commercial Corner Land For Sale
    $250,000

    Commercial Corner Land For Sale

    Commercial land at the corner of 19th and Meridian.

    1742 Meridian St, Anderson, IN 46016
    View details
    Divisible Commercial Corner Lot
    $385,000

    Divisible Commercial Corner Lot

    3+- acre commercial corner lot, divisible, utilities nearby.

    3969 E County Road 67, Chesterfield, IN 46017
    View details
    Anderson Retail & Warehouse Portfolio
    $899,900
    8,800 SF

    Anderson Retail & Warehouse Portfolio

    High-traffic retail space, warehouse, & home

    1415 53Rd St, Anderson, IN 46013
    View details
    Versatile Mixed-Use Property For Sale
    $649,900

    Versatile Mixed-Use Property For Sale

    Mixed-use property with commercial, industrial, and residential spaces.

    2500 E 10Th St, Anderson, IN 46012
    View details
    Pendleton Farmland Opportunity
    $1,200,000
    1,836,925 SF

    Pendleton Farmland Opportunity

    50+ acres of farmland in Pendleton, Indiana.

    6972 South West St West, Pendleton, IN 46064
    View details

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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    RE/MAX Real Estate Solutions
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