Retail Suite with Showroom
For Sale
Contact for pricing
Pending
507 S Scatterfield Road #North, Anderson, IN 46012
A separate office, stockroom, and restroom complement the open showroom area.
Property Size4,228 SF
Days on Market69
Property Features for 507 S Scatterfield Road #North
General Information
Standard status
Pending
Size
4,228 SF
Property subtype
Retail
Building Details
Year Built
1953
Listing Agency:
Engel & Volkers
(317) 585-3575
Listed By:
Carol Miller
(765) 623-2725
Source:
Locksteprealty
Added: Aug 22
Changed: Oct 28
Last Checked: Oct 28 at 2:59PM
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 Engel & Volkers
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,160-square-foot retail suite dates to 1953 and features a large plate-glass window area with an expansive showroom. A separate office, storage or stock area, and restroom provide additional functional space. Restaurant and food uses are not accepted by the landlord.
The property fronts Scatterfield Road, a major north-south route on the east side of Anderson. Anderson University is within walking distance, and Interstate 69 Exit 226 at Scatterfield Road and 60th Street is approximately 5.5 miles south.
The property fronts Scatterfield Road, a major north-south route on the east side of Anderson. Anderson University is within walking distance, and Interstate 69 Exit 226 at Scatterfield Road and 60th Street is approximately 5.5 miles south.
Key Highlights
- 2,160 square feet of retail space
- Large plate‑glass window area serving the showroom
- Separate office, storage or stock area, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,955
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,100
$799.1K
Cap Rate 7%
$570,786
$570.8K
Cap Rate 9%
$443,944
$443.9K
Market Conditions
NOI Build-Up for 4,228 SF
Gross rent
$63.4K $15.00/SF
− Vacancy
−$6.3K −$1.50/SF
EGI
$57.1K $13.50/SF
− OpEx
−$17.1K −$4.05/SF
NOI
$40.0K $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%
$799,100
Cap Rate 7%
$570,786
Cap Rate 9%
$443,944
Alternative Uses
Best Use
Retail
$570.8K
$499.4K – $665.9K
NOI $39,955 @ 7.0% cap · market cap 3,632.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$974.5K
$852.7K – $1.14M
NOI $68,215 @ 7.0% cap · market cap 6,201.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
79k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Speedway
Shops & Services
14,822 visits/mo
0.1 miles
Taco Bell
Dining
14,126 visits/mo
0.3 miles
GetGo Gas Station
Shops & Services
13,492 visits/mo
0.2 miles
Dollar General
Shops & Services
10,267 visits/mo
0.2 miles
BP
Shops & Services
6,445 visits/mo
0.2 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A separate office, stockroom, and restroom complement the open showroom area.
Where is this retail space located?
The property is located at 507 S Scatterfield Road #North Anderson, IN.
What are key features of this property?
This property features: 2,160 square feet of retail space; Large plate‑glass window area serving the showroom; Separate office, storage or stock area, and restroom
