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    For Sale (23)

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    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
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    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 - Alexandria, IN
    $65,000
    5.92 Acres

    Residential Lots - Alexandria, IN

    Land

    Central Way, Alexandria, IN 46001
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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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    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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    Updated Duplex with Workshop
    $174,900
    0.14 Acres

    Updated Duplex with Workshop

    Updated duplex with large outbuilding, ideal for mechanics.

    1507 W 7Th St, Anderson, IN 46016
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    Residential Lots in Anderson, IN
    $40,000
    0.22 Acres

    Residential Lots in Anderson, IN

    Double lot suitable for building with city utilities.

    39th W 39Th St W, Anderson, IN 46013
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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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    Prime Commercial Land Opportunity
    $1,800,000
    10.11 Acres

    Prime Commercial Land Opportunity

    High-traffic Pendleton land suitable for commercial development.

    69 State Road 38, Pendleton, IN 46064
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    Retail Storefront Package Opportunity
    $189,900
    3,441 SF

    Retail Storefront Package Opportunity

    B1 zoned storefronts on Main Street with recent roof and electrical updates for flexible retail use.

    1213 Main Street Rd, Anderson, IN 46016
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    Undeveloped Rural Acreage Parcel
    $180,000
    22.00 Acres

    Undeveloped Rural Acreage Parcel

    22-acre parcel being split from a working horse farm, offering undeveloped land for future build or private use.

    4967 E 100 S, Chesterfield, IN 46017
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    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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    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
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    Spacious Commercial Building with Showroom
    $389,900
    8,483 SF

    Spacious Commercial Building with Showroom

    Versatile 8,483 sq ft commercial building in Muncie, Indiana.

    4411 N Broadway Ave, Muncie, IN 47303
    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
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    Commercial Parcels on Scatterfield Road
    Contact for pricing

    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
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    Commercial Corner Land For Sale
    Contact for pricing

    Commercial Corner Land For Sale

    Commercial land at the corner of 19th and Meridian.

    1742 Meridian St, Anderson, IN 46016
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    Divisible Commercial Corner Lot
    Contact for pricing

    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
    Contact for pricing

    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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