Garden Center and Greenhouse
For Sale
$150,000
Pending
3535 Alexandria Pike, Anderson, IN 46012
Multiple greenhouse structures complement retail, shop, outdoor, and parking areas.
Property Size896 SF
Lot Size1.23 Acres
Days on Market110
Property Features for 3535 Alexandria Pike
General Information
Standard status
Pending
Size
896 SF
Lot size
1.23 Acres
Property subtype
Commercial
Listing Agency:
Green Forest Realty
Listed By:
Katherine Sanchez ()
(765) 621-1397
Source:
Fortwayneareahomesforsale
Added: Jun 26
Changed: Oct 1
Last Checked: Oct 12 at 8:38PM
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 Green Forest Realty
Investment Insights
Based on property information with market context.
This 1.23-acre nursery and garden center property combines multiple greenhouse structures with retail and shop space, outdoor areas, and on-site parking. The layout supports continued operation as a garden center, greenhouse, or nursery business, subject to applicable requirements.
Located at 3535 Alexandria Pike in Anderson, Indiana, the property has served the community for more than 40 years. Its established garden-shop setting includes both enclosed and outdoor components, providing a functional base for an operator seeking a specialized commercial property.
Located at 3535 Alexandria Pike in Anderson, Indiana, the property has served the community for more than 40 years. Its established garden-shop setting includes both enclosed and outdoor components, providing a functional base for an operator seeking a specialized commercial property.
Key Highlights
- 1.23‑acre nursery and garden center property
- Multiple greenhouse structures on site
- Retail and shop space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,467
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,340
$169.3K
Cap Rate 7%
$120,957
$121.0K
Cap Rate 9%
$94,078
$94.1K
Market Conditions
NOI Build-Up for 896 SF
Gross rent
$13.4K $15.00/SF
− Vacancy
−$1.3K −$1.50/SF
EGI
$12.1K $13.50/SF
− OpEx
−$3.6K −$4.05/SF
NOI
$8.5K $9.45/SF
Area
Madison County, IN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,340
Cap Rate 7%
$120,957
Cap Rate 9%
$94,078
Alternative Uses
Best Use
Retail
$121.0K
$105.8K – $141.1K
NOI $8,467 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$206.5K
$180.7K – $240.9K
NOI $14,456 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Anderson Organic Pest Control Service
- Welsh Landscape Co & Grnhse — 3575 Alexandria Pike, Anderson, IN 46012
Frequently Asked Questions
What type of property is this?
Nursery and garden center - Multiple greenhouse structures complement retail, shop, outdoor, and parking areas.
Where is this nursery and garden center located?
The property is located at 3535 Alexandria Pike Anderson, IN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1.23‑acre nursery and garden center property; Multiple greenhouse structures on site; Retail and shop space included
