Standalone Bank Building with
525 E Hartman Road Anderson, IN 46012
For Sale
$300,000
Standalone former bank on a large corner lot with a drive-thru canopy and ample parking.
Property Size2,604 SF
Price / SF$115.21
Days on Market280
Property Features for 525 E Hartman Road
General Information
- Standard status
- Active
- Size
- 2,604 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing Agency:
River to Ridge Rlty Associates
(845) 206-8756
Listed By:
Christopher Baker
(845) 206-8756
Source:
Xome
Added: Oct 18, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:42AM
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 River to Ridge Rlty Associates
Investment Insights
Based on property information with market context.
Former bank building offered for sale on a large corner lot. The property is a stand-alone facility with a drive-thru canopy and ample parking. Zoned B-1, it may be suitable for a range of commercial uses including office, medical, retail service, and QSR.
Located at 525 E Hartman Road in Anderson, IN. The offering is presented with strong visibility and is intended to serve drive-up and walk-in customers.
With its prior bank configuration and B-1 zoning, the building provides a practical option for businesses looking for a drive-thru-capable site on a dedicated corner parcel.
Located at 525 E Hartman Road in Anderson, IN. The offering is presented with strong visibility and is intended to serve drive-up and walk-in customers.
With its prior bank configuration and B-1 zoning, the building provides a practical option for businesses looking for a drive-thru-capable site on a dedicated corner parcel.
Key Highlights
- Former bank building at 525 E Hartman Rd in Anderson, IN 46012
- Stand‑alone property with drive‑thru canopy
- Large corner lot with ample parking
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.1k | $15.00 |
| − Vacancy | −$3.9k | −$1.50 |
| EGI | $35.2k | $13.50 |
| − OpEx | −$10.5k | −$4.05 |
| NOI | $24.6k | $9.45 |
2,604 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$520.0K
$455.0K – $606.7K
NOI $36,400 @ 7.0% cap · market cap 12.13%
Second Best
Retail
$351.5K
$307.6K – $410.1K
NOI $24,608 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$600.2K
$525.2K – $700.2K
NOI $42,013 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Standalone former bank on a large corner lot with a drive-thru canopy and ample parking.
Where is this bank located?
The property is located at 525 E Hartman Road Anderson, IN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Former bank building at 525 E Hartman Rd in Anderson, IN 46012; Stand‑alone property with drive‑thru canopy; Large corner lot with ample parking
