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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2725 Enterprise Dr Anderson, IN 46013-9670

    • Medical offices
    • 10,320 SF
    • 1.46 lot acres
    OFF-MARKET
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1220440
    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

    • Assurance Health Anderson / Psychiatric Hospital
    • ROSE CAROLYN WILCOX / Nurse Practitioner

    Property Details for 2725 Enterprise Dr

    Year built
    2001
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.46 lot acres
    Property size
    10,320 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    48-14-03-300-009.000-039
    APU
    481403300009000039

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $919,000
      Market price range: $424k - $1.07M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $730,000
      Current use
      AUTO REPAIR, GARAGE
      $895,000
      Change: +23% Conversion: Difficult
      RESTAURANT
      $880,000
      Change: +21% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $820,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $790,000
      Change: +8% Conversion: Easy
      RETAIL STORES
      $685,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.7249
    Latitude
    40.0377
    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
    $29,490
    $73,200
    $909,800
    $983,000
    -
    $73,200
    $909,800
    $983,000

    Comparable in this City

    • Value Estimation by Request
      1,242 SF

      305 38th St

      MEDICAL BUILDING • 1,242 SF
      305 38th St, Anderson, IN 46013-4649
      View Details
    • Value Estimation
      $820,000
      6,972 SF

      2220 59th St

      MEDICAL BUILDING • 6,972 SF
      2220 59th St, Anderson, IN 46013-3086
      View Details
    • Value Estimation by Request
      3,006 SF

      1612 53rd St

      MEDICAL BUILDING • 3,006 SF
      1612 53rd St, Anderson, IN 46013-2826
      View Details
    • Value Estimation
      $4,175,000
      44,660 SF

      2610 Enterprise Dr

      MEDICAL BUILDING • 44,660 SF
      2610 Enterprise Dr, Anderson, IN 46013-9684
      View Details
    • Value Estimation by Request
      1,760 SF

      3814 Fairview Dr

      MEDICAL BUILDING • 1,760 SF
      3814 Fairview Dr, Anderson, IN 46013-4058
      View Details
    • Value Estimation by Request
      2,600 SF

      3819 Fairview Dr

      MEDICAL BUILDING • 2,600 SF
      3819 Fairview Dr, Anderson, IN 46013-4059
      View Details

    Similar Nearby for Sale

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      Anderson Office Building For Sale

      12,600 SF office building on 2.25 acres in Anderson.
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    • $4,500,000
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      Spacious Office Building For Sale

      45,166 SF office building suitable for call center or headquarters.
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    • $2,500,000
      32,586 SF

      Anderson Office Building Near I-69

      32,586 SF office building on 3.65 acres in Anderson.
      2903-2915 Enterprise Dr, Anderson, IN 46013
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    • $499,000
      3.76 Acres

      Prime Anderson Agricultural Land

      3.76 Acres, High Development Potential
      6225 Scatterfield Rd, Anderson, IN 46013
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    • $150,000
      0.91 Acres

      Commercial Land in Anderson, Indiana

      0.911 acre commercial parcel at 5330 Dr. MLK Blvd.
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    • $400,000

      3.94 Acres Industrial Land Available

      3.94 acres of industrial land in Certified Technology Park.
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    Similar Nearby for Lease

    • Contact for pricing
      21,880 SF

      Flagship Office Park - Madison County

      Prime Madison County office space, ample parking.
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    • $13 SF/Yr

      Versatile Office Space Available

      15,070 SF office suite for lease in Anderson, Indiana.
      2903 Enterprise Dr, Anderson, IN 46013
      View Details
    • $975 /Mo
      2,432 SF

      Anderson Office Space For Lease

      1,024 SF office space available for lease in Anderson, IN.
      5213 Columbus Ave, Anderson, IN 46013
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    • $12 SF/Yr

      Office Space Near I-69

      Office suites available with immediate I-69 access and ample parking.
      7303 Quality Cir, Anderson, IN 46013
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    • $13 SF/Yr
      32,586 SF

      Adaptable Office Suites For Lease

      Customizable office spaces available in Anderson, near I-69 corridor.
      2903-2915 Enterprise Dr, Anderson, IN 46013
      View Details
    • $1,575 /Mo
      6,000 SF

      Endcap Unit Near Interstate 69

      Endcap unit in high-traffic area near I-69 in Anderson, IN.
      5330 Doctor M.l.k. Jr Blvd, Anderson, IN 46013
      View Details
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    2725 Enterprise Dr
    Anderson, IN 46013-9670
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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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