Office Building with Open
905 S Scatterfield Road, Anderson, IN 46012
For Sale
$450,000
Commercial Sale, Anderson, IN
Property Size2,433 SF
Lot Size0.65 Acres
Price / SF$184.96
Days on Market298
Property Features for 905 S Scatterfield Road
General Information
Property type
Property subtype
Zoning
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
RE/MAX Real Estate Solutions · RE/MAX International
Listed By:
Jim Bittner · License #RB14043091
(765) 640-1900
Added: Jan 14
Changed: Oct 20
Last Checked: Nov 7 at 5:06AM
MLS# 22080103
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,433-square-foot office building was constructed in 1979 and sits on a 0.65-acre parcel. Its interior includes a broad open work area, a manager’s office, a break room, and two bathrooms. Central air conditioning and forced-air natural gas heating serve the building; the roof is asphalt.
The property occupies the southwest corner of South Scatterfield Road and 9th Street in Anderson. An asphalt parking area provides more than 20 spaces, with two curb cuts on 9th Street. The site is zoned B-2, and the stated use possibilities include office, retail, restaurant, and other business applications.
The property occupies the southwest corner of South Scatterfield Road and 9th Street in Anderson. An asphalt parking area provides more than 20 spaces, with two curb cuts on 9th Street. The site is zoned B-2, and the stated use possibilities include office, retail, restaurant, and other business applications.
Key Highlights
- 2,433‑square‑foot office building on 0.65 acres
- Southwest corner of South Scatterfield Road and 9th Street
- Open office area, manager’s office, break room, and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,032
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,640
$640.6K
Cap Rate 7%
$457,600
$457.6K
Cap Rate 9%
$355,911
$355.9K
Market Conditions
NOI Build-Up for 2,433 SF
Gross rent
$47.3K $19.44/SF
− Vacancy
−$4.6K −$1.89/SF
EGI
$42.7K $17.55/SF
− OpEx
−$10.7K −$4.39/SF
NOI
$32.0K $13.17/SF
Area
Madison County, IN
Vacancy
9.70%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,640
Cap Rate 7%
$457,600
Cap Rate 9%
$355,911
Alternative Uses
Best Use
Office B
$457.6K
$400.4K – $533.9K
NOI $32,032 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$560.8K
$490.7K – $654.2K
NOI $39,254 @ 7.0% cap · market cap 8.72%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
363
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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - B-2 zoning and a flexible interior layout support office and other business uses.
Where is this office building located?
The property is located at 905 S Scatterfield Road Anderson, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,433‑square‑foot office building on 0.65 acres; Southwest corner of South Scatterfield Road and 9th Street; Open office area, manager’s office, break room, and 2 bathrooms
