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Property profile & analytics
OFF-MARKET
Warehouses
3040 38th St Anderson, IN 46013-2673
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-0590540
Property summary
AI-generated overview
This Anderson, Indiana industrial property offers ±13,320 square feet of flexible space, including ±6,982 square feet of office and lab space. Situated on 10 acres of land, this single-tenant building boasts 18-foot clear height ceilings in the warehouse, seven loading docks, and two drive-in doors. Built in 1971, the property features secured outdoor storage and is zoned I-1, allowing for expansion potential. The move-in ready office space is conveniently located near the I-69 and SR-9/Scatterfield Rd interchange (2 miles), and approximately 0.75 miles from SR 6, providing quick access to local amenities. The property is divisible to suit tenant needs.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Construction
WOOD
Total area
13,320 SF
Lot
10 ac (435,600 SF)
APN
48-12-20-400-004.000-003
UPID
US31-0590540
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Double M Properties LLC · 1 yrs held
Double M Properties LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,477
Tax year 2023
Assessed value
$231,000
Assessed 2023
Previous assessed
$231,000
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$96,300
Assessed improvement
$134,700
Land market value
$96,300
Improvement market value
$134,700
Total market value
$231,000
Applied tax rate
18.0000
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
1955
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
13,320 SF
Lot
10 ac (435,600 SF)
APN
48-12-20-400-004.000-003
UPID
US31-0590540
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
Building & site characteristics
From public records
Year built
1955
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
10 ac
Current owner
From public records · entity-resolved
Double M Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1313 E MAIN ST, GRIFFITH, IN 46319-2932
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Double M Properties LLC
Richard L Mousty
Quitclaim Deed
related
—
Apr 3, 2025
—
Richard L Mousty
Endor Holdings 2 LLC
Warranty Deed
—
Apr 28, 2023
—
Endor Holdings 2 LLC
—
Deed
related
$800,000 · First Bank Raymond
Jan 27, 2023
—
Endor Holdings 2 LLC
Indy Tax Lien LLC
Warranty Deed
—
Feb 1, 2022
—
Indy Tax Lien LLC
Bm Creations INC
Quit Claim Deed
related
—
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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