Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Spaces and Commercial Land Title is generated by Realmo AI

    Enterprise Park Exit 222 & I-690, Anderson, IN 46013

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail spaces and commercial land available for rent.

    Type:Retail, Land
    Lot size:
    21.00 Acres
    Added:
    Sep 17, 2022
    Days on Market:
    1354
    Last Refresh:
    May 12 at 10:05 pm

    Property Features for Enterprise Park Exit 222 & I-690

    General Information

    Standard status
    Active
    Lot size
    21.00 Acres
    Property subtype
    Retail, Land

    Spaces For Lease

    at Enterprise Park Exit 222 & I-690 Contact us

    We can help!

    Listing Contact
    Crystal Kennard

    Listing agent Crystal Kennard License #IN RB14051298

    Listing office Tharp Realty Group

    Listing date Sep 17, 2022

    Source Crexi

    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 Tharp Realty Group

    HighLights

    • Retail property suitable for various business types.
    • Multiple spaces available (10 spaces).
    • Significant land area ranging from 1 acre to 21 acres.
    • Property type: Retail.
    • Additional property details available.
    • Land size versatility.

    Overview

    Available for rent are retail spaces and commercial land, with 10 spaces currently available. The property includes land parcels ranging in size from 1 acre to 21 acres.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.678
    Latitude
    40.0459

    Nearby Similar for Lease

    • $10 SF/Yr
      3,250 SF

      Versatile Commercial Space on Nichol

      Adaptable commercial space ideal for retail, automotive, or service businesses.
      925 Nichol Avenue, Anderson, IN 46016
      View Details
    • $1,500/Mo
      1,250 SF

      Well-Maintained Office Building in Anderson

      1,242+- SF office space on a busy street.
      305 E 38th Street, Anderson, IN 46013
      View Details
    • $900/Mo
      1,550 SF

      Retail Space in Anderson SW

      Retail space available for lease in Anderson SW, Indiana.
      3639a W Nichol Avenue, Anderson SW, IN 46011
      View Details
    • $1,150/Mo
      1,884 SF

      Executive Office Suite For Lease

      Executive office suite for lease, ideal for professional office use.
      735 Meridian Street, Anderson, IN 46016
      View Details
    • $2,000/Mo
      2,433 SF

      Commercial Corner Building For Lease

      Prime commercial corner building suitable for retail, office, or restaurant.
      905 S Scatterfield Road, Anderson, IN 46012
      View Details
    • $2,000/Mo
      7,047 SF

      Anderson Retail/Office/Restaurant Space Available

      Partially renovated suite suitable for retail, office, or restaurant tenant.
      902 S Scatterfield Road, Anderson, IN 46012
      View Details
    • $8 SF/Yr
      36,369 SF

      Versatile Mixed-Use Building For Lease

      Renovated building suitable for warehouse, office, or multiple tenant uses.
      1017 W 19th Street, Anderson, IN 46016
      View Details
    • $15 SF/Yr
      25,149 SF

      Renovated Office Building For Rent

      Recently renovated office building with up to 16,766 SF available.
      100 W 11th Street, Anderson, IN 46016
      View Details
    • $1,575/Mo
      6,000 SF

      Endcap Unit Near Interstate 69

      Endcap unit in high-traffic area near I-69 in Anderson, IN.
      5330 Doctor M.L.K. Jr Boulevard, Anderson, IN 46013
      View Details
    • $13 SF/Yr
      32,586 SF

      Flexible Office Space Available

      15,070 SF office space for lease in Anderson, IN.
      2903 Enterprise Drive, Anderson, IN 46013
      View Details
    • $1,100/Mo
      35,216 SF

      First Floor Office Space Available

      First floor office space with ample parking in Anderson.
      2525 E 10th, Anderson, IN 46012
      View Details
    • $975/Mo
      1,024 SF

      Office Space For Lease

      Office space for lease with utilities included near 53rd.
      5213 Columbus Ave, Anderson, IN, 46013-5140
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces and commercial land available for rent.
    Where is this retail space located?
    The property is located at Enterprise Park Exit 222 & I-690 Anderson, IN.
    What are key features of this property?
    This property features: Retail property suitable for various business types.; Multiple spaces available (10 spaces).; Significant land area ranging from 1 acre to 21 acres.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Crystal Kennard
    Real Estate License ID: IN RB14051298
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Enterprise Park Exit 222 & I-690, Anderson, IN 46013
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!