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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4019 Columbus Ave Anderson, IN 46013

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1013140
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Arive Family Dental / Dental Office
    • Baker Chiropractic Clinic / Alternative Medicine Practice
    • Robin R. Baker, DC / Alternative Medicine Practice
    • DSA Inc / Nursing Home / Social Service Agency
    • Vaughan & Vaughan Injury and Accident Attorneys / Law Firm

    Property Details for 4019 Columbus Ave

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a stabilized portfolio of seven single-family rental homes located at 4019 Columbus Ave, Anderson, Indiana, 46013. The portfolio boasts 100% occupancy as of August 31, 2024, generating a consistent income stream. Each unit is individually priced at $67,857.14, totaling an asking price of $475,000. The property is classified as Class C multifamily and consists of ten buildings, each housing one rental unit. This turnkey investment requires minimal effort, offering a reliable and robust return. The seller is open to selling individual properties with tenants in place, providing flexibility for potential buyers. This portfolio is ideal for both seasoned investors seeking portfolio expansion and newcomers aiming for a stable income stream. The properties have a proven history of strong rental performance, making them a secure addition to any investment strategy. This is a rare opportunity to acquire a diverse, income-generating, and professionally managed portfolio in a desirable location. The properties are situated in Madison County, Indiana.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.667468
    Latitude
    40.0742705

    Comparable in this City

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      Anderson Commercial Land - 123 Acres

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      71.32 Acres Prime Development Land

      71.32 acres of prime land in Anderson, Indiana.
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      Commercial Land in Anderson, Indiana

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    Similar Nearby for Sale

    • $165,000
      1,410 SF

      Low-Maintenance Condo with Modern Amenities

      Two-bedroom condo with updated features and community amenities.
      4316 London Ct, Anderson, IN 46013
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    • $279,900
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      Two-bedroom, two-bath condo with sunroom and two living areas.
      145 Asbury Dr, Anderson, IN 46013
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      3.00 Acres

      Anderson Commercial Land - 123 Acres

      Prime Anderson, IN commercial land, ideal for development.
      6627 Columbus Ave, Anderson, IN 46013
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    • $899,900
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      Anderson Retail & Warehouse Portfolio

      High-traffic retail space, warehouse, & home
      1415 53Rd St, Anderson, IN 46013
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    • $4,000,000
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      71.32 Acres Prime Development Land

      71.32 acres of prime land in Anderson, Indiana.
      100 S 100 E, Anderson, IN 46013
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    • $925,000
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      Commercial Land in Anderson, Indiana

      1.16 acre commercial parcel at Dr. MLK Blvd and 53rd.
      5330 Dr Martin Luther King Jr Blvd, Anderson, IN 46013
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    Similar Nearby for Lease

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      Retail Space on Scatterfield Road

      Retail spaces available near Walmart Supercenter and other retailers.
      4220 S Scatterfield Rd, Anderson, IN 46013
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    • $975 /Mo
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      Anderson Office Space For Lease

      1,024 SF office space available for lease in Anderson, IN.
      5213 Columbus Ave, Anderson, IN 46013
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    • $12 SF/Yr

      Office Space Near I-69

      Office suites available with immediate I-69 access and ample parking.
      7303 Quality Cir, Anderson, IN 46013
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    4019 Columbus Ave
    Anderson, IN 46013
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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