809 E 8th St, Anderson, IN 46012

Building Details

Buildings 1 More

Building Size 2,430 SF More

Construction brick More

Listing Agency: JNW Real Estate LLC

Listed By: Jim Wood Show Phone

Source: Exprealty

Added: Sep 21 Changed: Oct 25 Last Checked: Nov 8 at 7:41AM

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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 JNW Real Estate LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,430-square-foot mixed-use property has a brick exterior, newer roof and HVAC, updated interior finishes, and LED lighting. Ceiling tiles may be removed to reveal wooden cathedral ceilings. The site also includes a large parking area with a canopy and a freestanding metal pylon sign.

Access is available from two streets, with routes to downtown Anderson, State Road 32, Scatterfield Road, and Interstate 69. Anderson University is nearby. A narrow portion of one parcel lies within a floodplain; the building itself is outside the floodplain.

Key Highlights

• 2,430 square feet of mixed‑use commercial space
• Newer roof and HVAC, with LED lighting
• Wooden cathedral ceilings are concealed above removable ceiling tiles

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,057

Cap Rate

8.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$481,140 $481.1K

Cap Rate 7%

$343,671 $343.7K

Cap Rate 9%

$267,300 $267.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,430 SF

Gross rent

$43.7K $18.00/SF

− Vacancy

−$5.2K −$2.16/SF

EGI

$38.5K $15.84/SF

− OpEx

−$14.4K −$5.94/SF

NOI

$24.1K $9.90/SF

Area

Madison County, IN

Vacancy

12.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$481,140

Cap Rate 7%

$343,671

Cap Rate 9%

$267,300

Alternative Uses

Best Use

Mixed Use

$343.7K

$300.7K – $401.0K (±1% cap)

NOI $24,057 @ 7.0% cap · market cap 8.75%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$560.1K

$490.1K – $653.4K (±1% cap)

NOI $39,206 @ 7.0% cap · market cap 14.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Star Realty Real Estate Agency

Suggested Use

Top Pick Bakery Skin Care Clinic Electrical Service Daycare Center Nail Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

860

Businesses Nearby

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The 2,430-square-foot property has updated LED lighting, a canopy-covered parking area, and access from two streets.

Where is this mixed-use property located?

The property is located at 809 E 8th St Anderson, IN.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: 2,430 square feet of mixed‑use commercial space; Newer roof and HVAC, with LED lighting; Wooden cathedral ceilings are concealed above removable ceiling tiles