Warehouse
For Sale
$1,175,000
2976 Scatterfield Road, Anderson, IN 46012
For-sale warehouse property with GPS-friendly directions in Madison County, Indiana.
Property Size15,364 SF
Price / SF$76.48
Days on Market149
Property Features for 2976 Scatterfield Road
General Information
Standard status
Active
Size
15,364 SF
Property subtype
Mixed Use
Amenities
3
Shared Driveway.
Building Details
Year Built
1975
Listing Agency:
Realty Wealth Advisors
(317) 960-3300
Listed By:
Barry Hines
Source:
Xome
Added: Apr 2
Changed: Aug 25
Last Checked: Aug 26 at 5:35AM
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 Realty Wealth Advisors
Investment Insights
Based on property information with market context.
This for-sale warehouse property is suitable for a variety of warehouse and storage needs, presented as a straightforward commercial real estate offering. The property is identified as a warehouse asset within the listing materials, with access available using GPS for efficient navigation.
The address is 2976 N Scatterfield Road, Anderson, IN 46012, in Madison County. For anyone planning a site visit or underwriting a potential purchase, the listing notes the location is GPS friendly, which can help streamline initial tours and review of the property’s physical site conditions on arrival.
The address is 2976 N Scatterfield Road, Anderson, IN 46012, in Madison County. For anyone planning a site visit or underwriting a potential purchase, the listing notes the location is GPS friendly, which can help streamline initial tours and review of the property’s physical site conditions on arrival.
Key Highlights
- Warehouse property in Madison County, Indiana
- Parking: common parking
- Year built: 1975
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
$77,082
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
6.56%
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%
$1,541,640
$1.5M
Cap Rate 7%
$1,101,171
$1.1M
Cap Rate 9%
$856,467
$856.5K
Market Conditions
NOI Build-Up for 15,364 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
$93.1K $6.06/SF
− Vacancy
−$2.4K −$0.16/SF
EGI
$90.7K $5.90/SF
− OpEx
−$13.6K −$0.89/SF
NOI
$77.1K $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%
$1,541,640
Cap Rate 7%
$1,101,171
Cap Rate 9%
$856,467
Alternative Uses
Best Use
Warehouse
$1.10M
$963.5K – $1.28M
NOI $77,082 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,885 @ 7.0% cap · market cap 21.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Balanced
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 Rentals of America — 121 Scott St, Anderson, IN 46012
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Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse property with GPS-friendly directions in Madison County, Indiana.
Where is this warehouse located?
The property is located at 2976 Scatterfield Road Anderson, IN.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Warehouse property in Madison County, Indiana; Parking: common parking; Year built: 1975
