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    Property profile & analytics

    2215 Madison Ave Anderson, IN 46011-9583

    • Warehouses
    • 49,350 SF
    • 5.31 lot acres
    OFF-MARKET
    Value Estimation
    $855,000
    Location Intelligence
    Property ID
    US31-0636425
    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

    • Terrance A Smith Distributing Inc / Beer Distributor

    Property Details for 2215 Madison Ave

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.31 lot acres
    Property size
    49,350 SF
    Property type
    Warehouses
    APN
    48-08-35-400-027.000-040
    APU
    480835400027000040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $880,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,060,000
      6.5%
      $1,040,000
      7%
      $1,035,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $925,000
      Geo Method
      $895,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $950,000
      Retail
      $910,000
      Mixed-Use
      $1,030,000
      Hospitality
      $930,000
      Educational
      $870,000
      Residential Income
      $895,000
      Energy
      $880,000
      Income-Based Land
      $980,000
      Food Service
      $905,000

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.6922
    Latitude
    40.1383
    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
    $43,281
    $232,800
    $1,209,900
    $1,442,700
    -
    $232,800
    $1,209,900
    $1,442,700

    Comparable in this City

    • Value Estimation by Request
      113,895 SF

      530 Dl Keith Jones Rd

      WAREHOUSE, STORAGE • 113,895 SF
      530 Dl Keith Jones Rd, Anderson, IN 46011-1970
      View Details
    • Value Estimation
      $290,000
      3,018 SF

      5262 State Rd 32

      MINI-WAREHOUSE, STORAGE • 3,018 SF
      5262 State Rd 32, Anderson, IN 46011-1581
      View Details
    • Value Estimation
      $385,000
      14,790 SF

      2216 100th W

      STORAGE YARD, OPEN STORAGE • 14,790 SF
      2216 100th W, Anderson, IN 46011-9581
      View Details
    • Value Estimation by Request
      399,763 SF

      4447 400th W

      WAREHOUSE, STORAGE • 399,763 SF
      4447 400th W, Anderson, IN 46011-9301
      View Details
    • Value Estimation
      $515,000
      2,820 SF

      4570 State Rd 32

      MINI-WAREHOUSE, STORAGE • 2,820 SF
      4570 State Rd 32, Anderson, IN 46011-1542
      View Details
    • Value Estimation by Request
      223,424 SF

      3518 73rd St

      STORAGE YARD, OPEN STORAGE • 223,424 SF
      3518 73rd St, Anderson, IN 46011-9606
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Residential Development Land For Sale

      40-acre residential development land with utilities in place.
      Rangeline Rd, Anderson, IN 46011
      View Details
    • $1,011,760
      25.22 Acres

      Prime Development Land in Lapel

      25+ acres of land with highway frontage in growing Lapel.
      State Road 32, Lapel, IN 46011
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    • Contact for pricing

      Land for Sale in Anderson

      123 acres suitable for commercial or residential development.
      6607 Providence Dr, Anderson, IN 46011
      View Details
    • $69,000
      109.00 Acres

      Residential Land in Lapel District

      1.1-acre residential lot ready for building, no HOA.
      4079 W State Road 32, Anderson, IN 46011
      View Details
    • $3,000,000
      29.25 Acres

      29.24 Acres Development Opportunity

      29.24 acres in a rapidly expanding commercial hub.
      3640 W 67Th St, Anderson, IN 46011
      View Details
    • $160,000
      4.71 Acres

      Residential Land in Lapel District

      4.71 acre wooded lot, ideal for building or personal use.
      100 W 100 S, Anderson, IN 46011
      View Details
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    2215 Madison Ave
    Anderson, IN 46011-9583
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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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