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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Grocery and convenience stores
3205 Columbus Ave Anderson, IN 46013-5353
Entity Owned
9-yr Hold
Free & Clear
Property ID
US31-1096022
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1950
Construction
TYPE NOT SPECIFIED
Total area
9,260 SF
Lot
0.49 ac (21,519 SF)
APN
48-12-19-204-197.000-003
UPID
US31-1096022
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
-
Shell Service Station Gas Station
-
InstaBitATM Bitcoin ATM Crypto Atm Atm
-
Bm Express Inc Freight Service Logistics Company
-
Little Caesars Pizza Restaurant
-
Little Caesars Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$832k
Blend (final)
Blend
$610k
Owner & transaction history
Bm Express INC · 9 yrs held
Bm Express INC
since 2017
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$800,000
+119.2%
Restaurant
$790,000
+116.2%
Industrial (general)
$735,000
+101.8%
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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$800,000
Change: +119% · Conversion: Difficult
RESTAURANT
$790,000
Change: +116% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$735,000
Change: +102% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: +94% · Conversion: Easy
MEDICAL BUILDING
$655,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$615,000
Change: +68% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$66 / 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
$18,593
Tax year 2023
Assessed value
$574,400
Assessed 2023
Previous assessed
$574,400
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$24,700
Assessed improvement
$549,700
Land market value
$24,700
Improvement market value
$549,700
Total market value
$574,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
9,260 SF
Lot
0.49 ac (21,519 SF)
APN
48-12-19-204-197.000-003
UPID
US31-1096022
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
$800,000
RESTAURANT
Est. value
$790,000
INDUSTRIAL (GENERAL)
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$710,000
MEDICAL BUILDING
Est. value
$655,000
RETAIL STORES
Est. value
$615,000
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
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Bm Express INC
Entity
Free & Clear · 9 yrs held
Mailing address
3205 COLUMBUS AVE, ANDERSON, IN 46013-5353
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2020
—
Bm Express INC
—
Deed
related
$668,267 · Old National Bank
Feb 21, 2017
—
Bm Express INC
Jals LLC
Warranty Deed
—
Feb 14, 2017
—
Bm Express INC
Jals LLC
Warranty Deed
—
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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