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    1915 University Blvd Anderson, IN 46012
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    1915 University Blvd Anderson, IN 46012

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    • Retail space
    • 20,981 SF
    • 0.43 lot acres
    For Sale
    $950,000
    View Listing →
    Retail - Anderson, IN For Sale
    $950,000
    16,552 SF

    Retail - Anderson, IN

    Retail strip center near Anderson University with strong visibility.

    1915 University Blvd, Anderson, IN 46012
    View Listing
    Property ID
    US31-0359523
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pure Home 365 Indiana / Home Appliance Store / Building Supply
    • Todd Byrns Insurance / Insurance Agency

    Property Details for 1915 University Blvd

    Year built
    1998
    Construction
    WOOD
    Lot size
    0.43 lot acres
    Property size
    20,981 SF
    Property type
    Retail space
    APN
    48-12-07-401-050.000-003
    APU
    481207401050000003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,030,000
      Market price range: $261k - $1.76M
      AI Estimate
      $1,572,000
      Market price range: $788k - $2.93M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.6553
    Latitude
    40.1127
    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
    $20,794
    $21,700
    $620,700
    $642,400
    -
    $21,700
    $620,700
    $642,400

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      9th St

      RETAIL STORES (PERSONAL SERVICES) • 0.18 Acres
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      View Details
    • Value Estimation by Request
      0.15 Acres

      510 Scatterfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.15 Acres
      510 Scatterfield Rd, Anderson, IN 46012-3605
      View Details
    • Value Estimation by Request
      0.16 Acres

      2118 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 0.16 Acres
      2118 Broadway St, Anderson, IN 46012
      View Details
    • Value Estimation by Request
      210 SF

      4400 State Rd 9th 9

      RETAIL STORES (PERSONAL SERVICES) • 210 SF
      4400 State Rd 9th 9, Anderson, IN 46012-1000
      View Details
    • Value Estimation by Request
      1,192 SF

      3559 600th N

      RETAIL STORES (PERSONAL SERVICES) • 1,192 SF
      3559 600th N, Anderson, IN 46012-9529
      View Details
    • Value Estimation by Request
      3,536 SF

      919 8th St

      RETAIL STORES (PERSONAL SERVICES) • 3,536 SF
      919 8th St, Anderson, IN 46012-4024
      View Details

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      Retail Strip Center Near University

      Retail strip center near Anderson University with strong visibility.
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      View Details
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    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Space in Anderson, Indiana

      Retail space available in Anderson with high visibility.
      1803-1845 Scatterfield Rd, Anderson, IN 46012
      View Details
    • $2,000 /Mo
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      Anderson Retail/Office/Restaurant Space Available

      Partially renovated suite suitable for retail, office, or restaurant tenant.
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      5,603 SF

      Retail Space on Scatterfield Road

      Retail space available for lease with ample parking.
      619 S Scatterfield Rd, Anderson, IN 46012
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    • Contact for pricing

      Retail Space in Anderson, IN

      Retail space available for lease in Anderson, Indiana.
      615 S Scatterfield Rd, Anderson, IN 46012
      View Details
    • Contact for pricing
      10,125 SF

      Retail Sublease Opportunity

      10,125 SF stand-alone building available for sublease.
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    • Contact for pricing
      2,000 SF

      Retail Center in Anderson

      335,000-SF retail center in Anderson's main retail corridor.
      1716-1914 S Scatterfield Rd, Anderson, IN 46012
      View Details
    View Listing
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    1915 University Blvd
    Anderson, IN 46012
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    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
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