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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Warehouses
1301 16th St Anderson, IN 46016-3326
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US31-0719652
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Construction
TYPE NOT SPECIFIED
Total area
31,000 SF
Lot
17.65 ac (768,703 SF)
APN
48-11-14-103-153.000-003
UPID
US31-0719652
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
RPS - Recycled Polymer Solutions Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.40M
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$2.23M
Owner & transaction history
Bbs Charities Of Indiana LLC · 9 yrs held
Bbs Charities Of Indiana LLC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+182.9%
Restaurant
$2.9M
+157.9%
Retail stores
$2.7M
+140.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Anderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anderson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,590,000
6.5%
$2,395,000
7%
$2,220,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,135,000
Change: +183% · Conversion: Easy
RESTAURANT
$2,855,000
Change: +158% · Conversion: Difficult
RETAIL STORES
$2,665,000
Change: +141% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,220,000
Change: +100% · Conversion: Difficult
MEDICAL BUILDING
$2,185,000
Change: +97% · Conversion: Difficult
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$72 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$103,155
Tax year 2023
Assessed value
$3,229,600
Assessed 2023
Previous assessed
$3,229,600
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$302,100
Assessed improvement
$2,927,500
Land market value
$302,100
Improvement market value
$2,927,500
Total market value
$3,229,600
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
4
Stories
1
Total area
31,000 SF
Lot
17.65 ac (768,703 SF)
APN
48-11-14-103-153.000-003
UPID
US31-0719652
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.1M
RESTAURANT
Est. value
$2.9M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
4
Lot
17.65 ac
Current owner
From public records · entity-resolved
Bbs Charities Of Indiana LLC
Entity
Mailing address
PO BOX 4687, SIDNEY, OH 45365-4687
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Bbs Charties Of Indiana LLC
—
Deed
related
$2,110,000 · West Central Dev Corp
Nov 29, 2021
—
Bbs Charities Of Indiana LLC
—
Deed
related
$2,110,000 · Osgood Bank
Dec 28, 2017
—
Bbs Charities Of Indiana LLC
—
Deed
related
$208,478 · Osgood State Bank
Jul 13, 2017
—
Bbs Charities Of Indiana LLC
Elston Richards INC
Deed
—
Jun 23, 2017
—
Bbs Charities Of Indiana LLC
Elston Richards INC
Deed
$920,000 · Osgood State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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