Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2116-2150 S Scatterfield Rd Anderson, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available in a high-traffic Anderson shopping center.

    Type:RETAIL
    Property size:
    1,200 SF
    Lot size:
    2.81 Acres
    Added:
    Nov 28, 2024
    Days on Market:
    518
    Last Refresh:
    Apr 5 at 9:59 pm

    Property Features for 2116-2150 S Scatterfield Rd

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    2.81 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2116-2150 S Scatterfield Rd Contact us

    We can help!

    Listing Contact
    Tim Lee

    Listing agent Tim Lee

    Listing office Sandor/Sand Capital - Corporate

    Listing date Nov 28, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Sandor/Sand Capital - Corporate

    Overview

    Retail Center in Anderson

    This 335,000-square-foot power center is situated in the central retail corridor of Anderson. Anchored by Roses Department Store, Dunham’s Sports, and Ollie’s, the center offers retail spaces. On-site restaurants include a newly-renovated McDonald’s, Mancino’s, Anderson Grill, Rally’s, and China House. Outlots are available for ground lease. The location benefits from a daily traffic count of 22,411 on Scatterfield Road. The property is located approximately 5 minutes from Anderson University. Anderson is described as a community on the rise, located northeast of Indianapolis.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.652
    Latitude
    40.095

    Nearby Similar for Lease

    • $1,150/Mo

      Executive Office Suite For Lease

      Executive office suite for lease, ideal for professional office use.
      735 Meridian Street, Anderson, IN 46016
      View Details
    • $2,000/Mo

      Commercial Corner Building For Lease

      Prime commercial corner building suitable for retail, office, or restaurant.
      905 S Scatterfield Road, Anderson, IN 46012
      View Details
    • $6 SF/Yr

      Retail Space in Active Corridor

      Versatile retail building in Anderson's main retail district.
      3632 S Scatterfield Road, Anderson, IN 46013
      View Details
    • $2,000/Mo

      Anderson Retail/Office/Restaurant Space Available

      Partially renovated suite suitable for retail, office, or restaurant tenant.
      902 S Scatterfield Road, Anderson, IN 46012
      View Details
    • $8 SF/Yr

      Versatile Mixed-Use Building For Lease

      Renovated building suitable for warehouse, office, or multiple tenant uses.
      1017 W 19th Street, Anderson, IN 46016
      View Details
    • $15 SF/Yr

      Renovated Office Building For Rent

      Recently renovated office building with up to 16,766 SF available.
      100 W 11th Street, Anderson, IN 46016
      View Details
    • $1,575/Mo

      Endcap Unit Near Interstate 69

      Endcap unit in high-traffic area near I-69 in Anderson, IN.
      5330 Doctor M.L.K. Jr Boulevard, Anderson, IN 46013
      View Details
    • $13 SF/Yr

      Flexible Office Space Available

      15,070 SF office space for lease in Anderson, IN.
      2903 Enterprise Drive, Anderson, IN 46013
      View Details
    • $1,100/Mo

      First Floor Office Space Available

      First floor office space with ample parking in Anderson.
      2525 E 10th, Anderson, IN 46012
      View Details
    • $975/Mo

      Office Space For Lease

      Office space for lease with utilities included near 53rd.
      5213 Columbus Ave, Anderson, IN, 46013-5140
      View Details
    • $13 SF/Yr

      Adaptable Office Suites For Lease

      Customizable office spaces available in Anderson, near I-69 corridor.
      2903-2915 Enterprise Dr, Anderson, IN 46013
      View Details
    • $8 SF/Yr

      Versatile Commercial Space with Loading

      Adaptable commercial space featuring loading docks and efficient LED lighting.
      Anderson, IN 46013
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail spaces available in a high-traffic Anderson shopping center.
    Where is this strip mall located?
    The property is located at 2116-2150 S Scatterfield Rd Anderson, IN.
    What are key features of this property?
    This property features: 335,000‑sf power center in Anderson's main retail corridor.; Anchored by Roses Department Store, Dunham’s Sports, and Ollie’s.; Located in central Anderson, the only center of its kind.
    (877) 925-9011 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tim Lee
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!