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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Industrial land
3400 Lynn St Anderson, IN 46013-5374
Individually Owned
4-yr Hold
Free & Clear
Property ID
US31-0585111
Property summary
AI-generated overview
This exceptional 18.51-acre industrial land parcel, located at 3400 E. Lynn St., Anderson, IN 46013 (APN: 48-12-19-301-011.000-003), presents a unique redevelopment opportunity. Currently zoned I2, this brownfield site is ideally suited for a variety of industrial uses, complementing manufacturing and wholesale operations. The property is "pad ready," eliminating significant upfront site preparation costs. Its strategic location south of downtown Anderson offers excellent accessibility, with convenient access to 34th Street and surrounding paved thoroughfares on Clark, Columbus, 34th, and 36th Streets. The property's designation within a CRED, New Market Tax Credit Area, and Foreign Trade Zone may provide significant tax and incentive benefits to the future owner. This highly unique, historic site offers a compelling investment opportunity with no land use restrictions, making it an attractive prospect for industrial development. The asking price is $300,000.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1908
Construction
BRICK
Total area
32,784 SF
Lot
18.51 ac (806,296 SF)
APN
48-12-19-301-011.000-003
UPID
US31-0585111
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
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$680k
Owner & transaction history
John Treumuth · 4 yrs held
John Treumuth
since 2021
1 recorded transaction
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
Method
Estimation
Statistic approach
by Request
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$21 / 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
$7,490
Tax year 2023
Assessed value
$231,400
Assessed 2023
Previous assessed
$231,400
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$231,400
Land market value
$231,400
Total market value
$231,400
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1908
Construction
BRICK
Heating
NONE
Stories
2
Total area
32,784 SF
Lot
18.51 ac (806,296 SF)
APN
48-12-19-301-011.000-003
UPID
US31-0585111
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
1908
Construction
BRICK
Heating
NONE
Stories
2
Lot
18.51 ac
Current owner
From public records · entity-resolved
John Treumuth
Individual
Free & Clear · 4 yrs held
Mailing address
10561 W 105TH AVE, WESTMINSTER, CO 80021-7326
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$6,004
John Treumuth
Madison County Auditor
Public Action
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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