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Property profile & analytics
OFF-MARKET
Estimated value
$9,260,000
Manufacturing properties
400 Ss St Anderson, IN 46017-1747
Entity Owned
Free & Clear
Property ID
US31-3065734
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2014
Construction
TYPE NOT SPECIFIED
Total area
140,000 SF
Lot
19.36 ac (843,147 SF)
APN
48-14-04-200-016.000-039
UPID
US31-3065734
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
$8.90M
Comparable Approach
Comparable
$9.62M
Blend (final)
Blend
$9.26M
Owner & transaction history
HPC DEVELOPMENT INC
HPC DEVELOPMENT INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.5M
+129.0%
Commercial (general)
$12.1M
+106.3%
Auto repair, garage
$12.1M
+106.3%
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%
$9,640,000
6.5%
$8,900,000
7%
$8,265,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,875,000
Current use
RESTAURANT
$13,450,000
Change: +129% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,120,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,115,000
Change: +106% · Conversion: Easy
RETAIL STORES
$9,915,000
Change: +69% · Conversion: Moderate
MEDICAL BUILDING
$9,875,000
Change: +68% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,975,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$9.26M
Range $8.33M – $10.19M · ±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
$208,107
Tax year 2023
Assessed value
$6,936,900
Assessed 2023
Previous assessed
$6,936,900
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$703,300
Assessed improvement
$6,233,600
Land market value
$703,300
Improvement market value
$6,233,600
Total market value
$6,936,900
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
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2014
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
140,000 SF
Lot
19.36 ac (843,147 SF)
APN
48-14-04-200-016.000-039
UPID
US31-3065734
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
RESTAURANT
Est. value
$13.5M
COMMERCIAL (GENERAL)
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$12.1M
RETAIL STORES
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$9.9M
WAREHOUSE, STORAGE
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2014
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
19.36 ac
Current owner
From public records · entity-resolved
HPC DEVELOPMENT INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 263, RUSSELLVILLE, KY 42276-0263
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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