Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

500 Broadway St Anderson, IN 46012

FOR SALE
Turn key restaurants
Property ID
US31-1649082
4,804 SF 13.26 ac lot Built 1960
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a restaurant building of approximately 4,804 square feet located at 500 Broadway in Anderson, Indiana. It is situated on a 1.845+- acre lot that includes parking and is positioned on a signalized corner with commercial access suitable for customer and delivery traffic. The building was last renovated in 2012 and is described as being in good condition. B-2 zoning allows for a range of business uses, and the site may be repurposed for uses such as office, retail, medical, church,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$40k
Tax billed · 2023
Assessed value$1.23M
Assessed land$486k
Assessed improvement$739k
Effective rate3.24%

Value estimate

· Oct 2026
$535k
$482k – $589k
AI approach$450k
Submarket $/SF estimate$624k
NOI build-up
Gross scheduled income$99k
Vacancy & credit loss−$10k
Operating expenses−$22k
NOI · 14.92% cap applied$67k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
14.92%
$67k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMADISON

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop16.0
Restaurant15.9
Pharmacy14.9

Location

500 Broadway St Anderson, IN 46012
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 17 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
919 8th, Anderson, IN 46012-4024 $53,000 Sep 2021 3,536 SF
2307 Broadway, Anderson, IN 46012-1608 $65,000 Jul 2021 7,607 SF
30 Grand, Anderson, IN 46012-2963 $145,400 Jun 2021 3,258 SF
810 8th, Anderson, IN 46012-4023 $107,500 Apr 2021 6,882 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again