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    241 N Scatterfield Rd Anderson, IN 46012
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    241 N Scatterfield Rd Anderson, IN 46012

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    • Commercial land
    For Sale
    $2,700,000
    View Listing →
    Commercial Parcels on Scatterfield Road For Sale
    $2,700,000

    Commercial Parcels on Scatterfield Road

    Commercial land parcels available for purchase, ranging from 1.56-8.88 acres.

    241 S Scatterfield Rd, Anderson, IN 46012
    View Listing
    Property ID
    US31-1013613
    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

    • Carpenter Realtors / Real Estate Agency
    • Kevin Majeski | REALTOR / Real Estate Agency
    • Krista Reyes-Carpenter Realtor / Real Estate Agency
    • Becky Boles-Carpenter Realtors / Real Estate Agency
    • Reanna Southard Realtor / Real Estate Agency

    Property Details for 241 N Scatterfield Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    4 commercial parcels at Scatterfield Road and University Blvd. The parcels range in size from 1.56 acre to 8.88 acres and prices, depending on location, range from $50,000 to $150,000 per acre and may be purchased separately. Zoned B-3 (planned neighborhood shopping center). The 2 lots facing Scatterfield Rd are $150,000 per acre (one is 2.99 acre and the other is 1.56 acre). The 8.12 acre lot facing University Blvd is $100,000 per acre. The 8.88 parcel on the access road at the NW corner is priced at $50,000 per acre. An aerial Photo showing the approximate lot configurations is available. Neighbors include CVS, Old National Bank and Social Security. Seller is a developer and will consider a build-to-suit with a long term NNN lease.

    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
    -85.6533221
    Latitude
    40.1141049

    Comparable in this City

    • $812,000
      8.12 Acres

      Prime Commercial Land Ready

      8.12+- acre commercial land parcel zoned B-3 for development.
      University Blvd, Anderson, IN 46012
      View Details
    • $2,700,000
      Pending

      Commercial Land in Anderson, Indiana

      Four commercial parcels available for purchase in Anderson, Indiana.
      241 N Scatterfield Rd, Anderson, IN 46012
      View Details
    • Contact for pricing

      Retail Development Land Opportunity

      Commercial land available for retail development with excellent access.
      E 32Nd St, Anderson, IN 46012
      View Details
    • Contact for pricing

      1.71 Acre Commercial Land

      1.71 acre lot at Scatterfield Rd/I-69 Interchange.
      S Scatterfield Rd, Anderson, IN 46012
      View Details
    • Contact for pricing

      Commercial Lot on State Road

      1.194 acre commercial lot with high visibility.
      5422 N State Road 9, Anderson, IN 46012
      View Details
    • Contact for pricing

      Commercial Lot for Development

      1.34 acre vacant commercial lot in developed area.
      E Hartman Rd, Anderson, IN 46012
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      5422 N State Road 9 Lot B, Anderson, IN 46012

      Commercial land
      5422 N State Road 9, Anderson, IN 46012
      View Details
    • $812,000
      8.12 Acres

      Prime Commercial Land Ready

      8.12+- acre commercial land parcel zoned B-3 for development.
      University Blvd, Anderson, IN 46012
      View Details
    • $2,700,000
      Pending

      Commercial Land in Anderson, Indiana

      Four commercial parcels available for purchase in Anderson, Indiana.
      241 N Scatterfield Rd, Anderson, IN 46012
      View Details
    • Contact for pricing

      Retail Development Land Opportunity

      Commercial land available for retail development with excellent access.
      E 32Nd St, Anderson, IN 46012
      View Details
    • Contact for pricing

      1.71 Acre Commercial Land

      1.71 acre lot at Scatterfield Rd/I-69 Interchange.
      S Scatterfield Rd, Anderson, IN 46012
      View Details
    • Contact for pricing

      Commercial Lot on State Road

      1.194 acre commercial lot with high visibility.
      5422 N State Road 9, Anderson, IN 46012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Corridor Power Center Land

      Land for ground lease in Anderson's main retail corridor.
      1708 S Scatterfield Rd, Anderson, IN 46012
      View Details
    • Contact for pricing

      Land in Anderson Retail Corridor

      Outlots available for ground lease in Anderson retail corridor.
      2006 S Scatterfield Rd, Anderson, IN 46012
      View Details
    • $300 /Mo

      Land Available in Anderson, Indiana

      Land available for parking, land lease, or build to suite.
      2509 E 10Th St, Anderson, IN 46012
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      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
      View Details
    • 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
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    241 N Scatterfield Rd
    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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