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    Property profile & analytics

    1701 Mounds Rd Anderson, IN 46016-5704

    • Turn key restaurants
    • 712 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 01, 2023
    Location Intelligence
    Property ID
    US31-0532541
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Lemon Drop / Restaurant / American Restaurant

    Property Details for 1701 Mounds Rd

    Year built
    1953
    Lot size
    0.28 lot acres
    Property size
    712 SF
    Property type
    Turn key restaurants
    APN
    48-12-18-403-004.000-003
    APU
    481218403004000003

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.6593
    Latitude
    40.0943
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,340
    $14,200
    $27,200
    $41,400
    -
    $14,200
    $27,200
    $41,400

    Comparable in this City

    • Value Estimation
      $295,000
      4,900 SF

      2332 Columbus Ave

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      2332 Columbus Ave, Anderson, IN 46016-4538
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    • Value Estimation
      $350,000
      2,613 SF

      1704 Scatterfield Rd

      RESTAURANT • 2,613 SF
      1704 Scatterfield Rd, Anderson, IN 46016-5722
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    • Value Estimation by Request
      8,260 SF

      2835 Noble St

      RESTAURANT • 8,260 SF
      2835 Noble St, Anderson, IN 46016
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      $270,000
      2,239 SF

      1834 18th St

      RESTAURANT • 2,239 SF
      1834 18th St, Anderson, IN 46016-2127
      View Details
    • Value Estimation
      $325,000
      4,721 SF

      1320 23rd St

      RESTAURANT • 4,721 SF
      1320 23rd St, Anderson, IN 46016-4620
      View Details
    • Value Estimation
      $310,000
      3,952 SF

      1320 Meridian St

      RESTAURANT • 3,952 SF
      1320 Meridian St, Anderson, IN 46016-1829
      View Details

    Similar Nearby for Sale

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      the property is gutted ready for you to redesign and customize the interior to fit your future business needs. Property includes two parcels: 481111304198000003 and 481111304199000003. Property is being sold AS-IS. Buyer to do own due diligence and verify all information regarding zoning and square footage.""""}"""

      Anderson Retail Space - Huge Potential!
      1929 8Th St, Anderson, IN 46016
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    • $400,000
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      Former Supermarket on Busy Street

      5,554 SF retail building with ample parking for sale.
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    • Contact for pricing
      0.23 Acres

      Residential Lot in Anderson, IN

      Vacant residential lot with 10140 square feet.
      Park Ave, Anderson, IN 46016
      View Details

    Similar Nearby for Lease

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      Retail opportunity in a 335,000-SF power center.
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    • $10 SF/Yr
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      Retail/Restaurant space with ample parking and drive-through.
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    • $13 SF/Yr
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      Retail Space Near Mounds Mall

      Retail space available in well-maintained shopping center.
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      Anderson Office or Retail Space

      Office or retail space available at a busy intersection.
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      Anderson Retail Center: Prime Location

      High-traffic retail space available.
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      View Details
    • Contact for pricing
      1,080 SF

      Office Space in Anderson, Indiana

      Office space available for lease in Anderson, Indiana.
      2101 Jackson St, Anderson, IN 46016
      View Details
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    1701 Mounds Rd
    Anderson, IN 46016-5704
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    Realmo Value Estimation

    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.

    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.

    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
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