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    2307 E 10Th St Anderson, IN 46012
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    Property profile & analytics

    2307 E 10Th St Anderson, IN 46012

    View on Map
    • Retail space
    • 3,854 SF
    Off-Market
    Property ID
    US31-0836964
    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

    • Heartwork Tattoo Company / Tattoo & Piercing Shop
    • Massage Therapy - Pennie Jester / Alternative Medicine Practice / Spa & Massage Center
    • Studio 10 / Hair Salon / Nail Salon
    • Kinnaman Studio / Hair Salon / Nail Salon

    Property Details for 2307 E 10Th St

    Year built
    1975
    Property size
    3,854 SF
    Property type
    Retail space
    Property subtype
    Mixed-use properties

    Description

    This mixed-use commercial property on a busy corner lot offers a solid value-added investment opportunity in Anderson, Indiana. The current gross rental income is $1,600 per month. The residential apartment upstairs rents for $600 per month plus utilities. Unit B rents for $450 and D rents for$600 ( ... utilities are included for both). Units A and C are vacant are are set up to be hair salons. Located just one block east of Scatterfield Road, the busiest traffic corridor in Anderson, this property offers a prime location with high visibility and convenient access. Lots of to the door parking with curb cuts on two streets.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.6511279
    Latitude
    40.1056188

    Comparable in this City

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      Retail Strip Center Near University

      Retail strip center near Anderson University with strong visibility.
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      Versatile Commercial Building in Anderson

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    Similar Nearby for Sale

    • $649,900
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      Versatile Mixed-Use Property For Sale

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      2500 E 10Th St, Anderson, IN 46012
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    • $649,900

      Versatile Mixed-Use Property For Sale

      Mixed-use property with commercial, industrial, and residential spaces.
      2500 E 10Th St, Anderson, IN 46012
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    • $699,999
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      Versatile Mixed-Use Opportunity in Anderson

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      Anderson Neighborhood Shopping Center For Sale

      North Anderson shopping center with laundry mat and rental income.
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    • $950,000
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      Retail Strip Center Near University

      Retail strip center near Anderson University with strong visibility.
      1915 University Blvd, Anderson, IN 46012
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      Versatile Commercial Building in Anderson

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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
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    • $2,000 /Mo
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      Anderson Retail/Office/Restaurant Space Available

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      5,603 SF

      Retail Space on Scatterfield Road

      Retail space available for lease with ample parking.
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      Retail Space in Anderson, IN

      Retail space available for lease in Anderson, Indiana.
      615 S Scatterfield Rd, Anderson, IN 46012
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      37,509 SF

      Retail Center in Anderson, Indiana

      335,000-SF retail center anchored by national tenants.
      1604-2210 S Scatterfield Rd, Anderson, IN 46012
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      1,007 SF

      Retail Space in Anderson Center

      Retail space available in a 335,000-SF power center.
      2100 S Scatterfield Rd, Anderson, IN 46012
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    2307 E 10Th St
    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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