Warehouse for
For Sale
$114,900
2207 Fowler Street, Anderson, IN 46012
For sale warehouse asset in Madison County, marketed as GPS-friendly for straightforward site access.
Property Size763 SF
Days on Market69
Property Features for 2207 Fowler Street
General Information
Standard status
Active
Size
763 SF
Zoning
B-2, Commercial
Amenities
Forced Air, Natural Gas
Asphalt, Other
Building Details
Building Size
763 SF
Year Built
1950
Stories
1
Listing Agency:
Century 21 Scheetz
(463) 224-2992
Listed By:
Kyle Pugh · License #RB25001630
(463) 224-2992
Source:
Evrealestate
Added: Jun 2
Changed: Aug 8
Last Checked: Jul 16 at 7:04AM
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 Century 21 Scheetz
Investment Insights
Based on property information with market context.
This property is a warehouse-style industrial asset offered for sale. The available information describes it as suitable for warehouse and related industrial uses, with the property being marketed for accessibility via GPS.
The listing address is 2207 Fowler Street in Anderson, Indiana, within Madison County. The directions note that the site is GPS friendly, which can simplify travel for buyers, brokers, contractors, and prospective tenants during the inspection and due diligence process.
As a warehouse offering, this property may appeal to buyers seeking a practical industrial footprint for distribution, storage, or other warehouse-oriented operations. Because the current record does not provide details on size, building condition, or specific improvements, prospective parties should plan to verify the interior configuration, loading/access features, and any functional requirements for their intended use during an on-site visit. For serious consideration, review access and layout in person and confirm how the asset aligns with your operational needs.
The listing address is 2207 Fowler Street in Anderson, Indiana, within Madison County. The directions note that the site is GPS friendly, which can simplify travel for buyers, brokers, contractors, and prospective tenants during the inspection and due diligence process.
As a warehouse offering, this property may appeal to buyers seeking a practical industrial footprint for distribution, storage, or other warehouse-oriented operations. Because the current record does not provide details on size, building condition, or specific improvements, prospective parties should plan to verify the interior configuration, loading/access features, and any functional requirements for their intended use during an on-site visit. For serious consideration, review access and layout in person and confirm how the asset aligns with your operational needs.
Key Highlights
- Warehouse for sale in Madison County
- Year built: 1950
- Heating: forced air with natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$3,828
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$76,560
$76.6K
Cap Rate 7%
$54,686
$54.7K
Cap Rate 9%
$42,533
$42.5K
Market Conditions
NOI Build-Up for 763 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$4.6K $6.06/SF
− Vacancy
−$120 −$0.16/SF
EGI
$4.5K $5.90/SF
− OpEx
−$676 −$0.89/SF
NOI
$3.8K $5.02/SF
Area
Madison County, IN
Vacancy
2.60%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$76,560
Cap Rate 7%
$54,686
Cap Rate 9%
$42,533
Alternative Uses
Best Use
Warehouse
$54.7K
$47.9K – $63.8K
NOI $3,828 @ 7.0% cap · market cap 3.33%
Second Best
Industrial
$45.0K
$39.4K – $52.5K
NOI $3,152 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$175.9K
$153.9K – $205.2K
NOI $12,310 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46012, IN
19,108
Population
9,659
Households
2
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
597
Density / Sq Mi
$58,538
Median Household Income
$36,017
Median Earnings
$982
Median Rent
$149,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage Of America — 1201 E 5th St, Anderson, IN 46012
- Storage America — 609 Chestnut St, Anderson, IN 46012
Frequently Asked Questions
What type of property is this?
Warehouse - For sale warehouse asset in Madison County, marketed as GPS-friendly for straightforward site access.
Where is this warehouse located?
The property is located at 2207 Fowler Street Anderson, IN.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Warehouse for sale in Madison County; Year built: 1950; Heating: forced air with natural gas
