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Property profile & analytics
OFF-MARKET
Estimated value
$3,620,000
Warehouses
1305 29th St Anderson, IN 46016-6013
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-0504854
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1969
Construction
TYPE NOT SPECIFIED
Total area
347,162 SF
Lot
38.7 ac (1,685,772 SF)
APN
48-11-23-100-094.000-003
UPID
US31-0504854
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
-
Ingredient Logistics Services Warehouse & Storage
-
Zeq Manufacturing Group LLC Building Supply Hardware & Home Improvement
-
Man Building Supply Big Box & Wholesale Store Building Supply
-
Resin partners Warehouse & Storage
-
Suntera/ U.S. leisure Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.62M
Owner & transaction history
Tower Anderson LLC · 6 yrs held
Tower Anderson LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$10 / 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
$49,795
Tax year 2023
Assessed value
$1,538,300
Assessed 2023
Previous assessed
$1,538,300
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$366,900
Assessed improvement
$1,171,400
Land market value
$366,900
Improvement market value
$1,171,400
Total market value
$1,538,300
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1969
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
347,162 SF
Lot
38.7 ac (1,685,772 SF)
APN
48-11-23-100-094.000-003
UPID
US31-0504854
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
Building & site characteristics
From public records
Year built
1969
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
38.7 ac
Current owner
From public records · entity-resolved
Tower Anderson LLC
Entity
Mailing address
250 W MAIN ST STE #101, WOODLAND, CA 95695-3686
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
—
Anderson West 38th LLC
—
Deed
related
$5,500,000 · Ameritas Life Insurance Corp
Dec 30, 2019
—
Tower Anderson LLC
Tower Investments LLC
Quit Claim Deed
related
$1,500,000 · First Mid Illinois Bk & Tr NA
Nov 6, 2017
$1,600,000
Tower Investments LLC
Dm Libby Properties LLC
Deed
—
Sep 19, 2017
—
Dm Libby Properties LLC
Transworld Equities LLC
Deed
—
Sep 13, 2017
—
Transworld Equities LLC
Tower Anderson LLC
Deed
—
Jan 27, 2006
—
Tower Anderson LLC
Sagol Land Developments Co
Corporation Deed
—
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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