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Property profile & analytics
OFF-MARKET
Estimated value
$4,940,000
Warehouses
3019 Enterprise Dr Anderson, IN 46013-8800
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US31-0983034
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
TYPE NOT SPECIFIED
Total area
70,000 SF
Lot
10.07 ac (438,475 SF)
APN
48-14-03-700-002.000-039
UPID
US31-0983034
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SPRY, Inc. Print Shop Promotional Products Supplier
-
Muhlen Sohn Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.41M
Comparable Approach
Comparable
$4.48M
Blend (final)
Blend
$4.94M
Owner & transaction history
Red Beard Holding LLC · 7 yrs held
Red Beard Holding LLC
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.1M
+128.9%
Restaurant
$6.0M
+125.7%
Industrial (general)
$5.6M
+110.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Anderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anderson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,855,000
6.5%
$5,405,000
7%
$5,015,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,055,000
Change: +129% · Conversion: Easy
RESTAURANT
$5,975,000
Change: +126% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,575,000
Change: +111% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,350,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$4,940,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$4,635,000
Change: +75% · Conversion: Moderate
Blend value · Realmo final
$4.94M
Range $4.45M – $5.43M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$71 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$109,389
Tax year 2023
Assessed value
$4,329,800
Assessed 2023
Previous assessed
$4,329,800
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$397,300
Assessed improvement
$3,932,500
Land market value
$397,300
Improvement market value
$3,932,500
Total market value
$4,329,800
Applied tax rate
38.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
70,000 SF
Lot
10.07 ac (438,475 SF)
APN
48-14-03-700-002.000-039
UPID
US31-0983034
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$6.1M
RESTAURANT
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.6M
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
10.07 ac
Current owner
From public records · entity-resolved
Red Beard Holding LLC
Entity
Mailing address
3019 ENTERPRISE DR, ANDERSON, IN 46013-8800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2018
—
Red Beard Holding LLC
Flagship Enterprise Center INC
Warranty Deed
—
Oct 12, 2017
$3,200
Red Beard Holdings LLC
Flapship Beard Holidng LLC
Deed
$1,600,000 · Star Financial Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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