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Property profile & analytics
OFF-MARKET
Medical Office Space
1622 Madison Ave Anderson, IN 46011-2130
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-3462836
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
WOOD
Total area
4,652 SF
Lot
0.21 ac (9,148 SF)
APN
48-11-01-203-021.000-003
UPID
US31-3462836
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
-
Michael J. Baker, DPM Physician
-
Community Physician Network, Podiatry Care - Anderson Medical Clinic
-
Baker Foot Clinics Medical Clinic
-
Tiffany Truong Koch, DPM Physician
-
Gregory Boake Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Anderson Medical Office Facility Ll · 4 yrs held
Anderson Medical Office Facility Ll
since 2021
5 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
—
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
$15,971
Tax year 2023
Assessed value
$493,400
Assessed 2023
Previous assessed
$493,400
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$30,000
Assessed improvement
$463,400
Land market value
$30,000
Improvement market value
$463,400
Total market value
$493,400
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
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
7
Bathrooms
2
Total area
4,652 SF
Lot
0.21 ac (9,148 SF)
APN
48-11-01-203-021.000-003
UPID
US31-3462836
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
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Anderson Medical Office Facility Ll
Individual
Mailing address
1101 E WHISNAND RD, BLOOMINGTON, IN 47408-9455
Ownership since
2021
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
Oct 13, 2021
—
Anderson Medical Office Facility Ll
Bfs Realty Lc
Special Warranty Deed
$1,240,000 · First Financial Bank NA
Dec 30, 2019
—
Bfs Realty LLC
—
Deed
related
$383,000 · Premier Capital Corp
Jun 8, 2018
—
Bfs Realty LLC
Baker Foot Holdings LLC
Warranty Deed
$837,000 · First Mid Illinois Bk & Tr NA
Aug 1, 2017
—
Baker Foot Holding LLC
—
Deed
related
$150,000 · State Bank Of Lizton
Jun 18, 2008
—
Baker Foot Holdings LLC
Community Hospital Of Anderson And
Warranty Deed
$106,875 · Indiana Business 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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