Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    520 8th St Anderson, IN 46012-4017

    • Medical offices
    • 2,904 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0278749
    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

    • Hoosier Health Plus / Alternative Medicine Practice
    • Chiropractic Physicians / Alternative Medicine Practice
    • Stephen D. Frank, DC / Alternative Medicine Practice
    • Frank J. Lagoni Jr, DC / Alternative Medicine Practice
    • Titan Wellness Center / Medical Clinic

    Property Details for 520 8th St

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property size
    2,904 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    48-12-07-303-079.000-003
    APU
    481207303079000003

    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
    -85.672
    Latitude
    40.1081
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,955
    $4,500
    $55,900
    $60,400
    -
    $4,500
    $55,900
    $60,400

    Comparable in this City

    • Value Estimation by Request
      2,458 SF

      1639 Broadway St

      MEDICAL BUILDING • 2,458 SF
      1639 Broadway St, Anderson, IN 46012-2444
      View Details
    • Value Estimation by Request
      3,344 SF

      3482 State Rd 9th 9

      MEDICAL BUILDING • 3,344 SF
      3482 State Rd 9th 9, Anderson, IN 46012-1240
      View Details
    • Value Estimation by Request
      2,105 SF

      3003 Scatterfield Rd

      MEDICAL BUILDING • 2,105 SF
      3003 Scatterfield Rd, Anderson, IN 46012
      View Details
    • Value Estimation by Request
      2,240 SF

      706 Walnut St

      MEDICAL BUILDING • 2,240 SF
      706 Walnut St, Anderson, IN 46012-3450
      View Details
    • Value Estimation by Request
      2,592 SF

      2206 10th St

      MEDICAL BUILDING • 2,592 SF
      2206 10th St, Anderson, IN 46012-4313
      View Details
    • Value Estimation
      $530,000
      15,364 SF

      2976 Scatterfield Rd

      MEDICAL BUILDING • 15,364 SF
      2976 Scatterfield Rd, Anderson, IN 46012-1585
      View Details

    Similar Nearby for Sale

    • $119,900
      775 SF

      Versatile Office Space Near University

      Commercial building near Scatterfield Rd & Anderson University.
      2207 Fowler St, Anderson, IN 46012
      View Details
    • $79,900

      High-Traffic Anderson Commercial Lot

      Prime .937 acre lot, high visibility.
      5422 State Road 9, Anderson, IN 46012
      View Details
    • $154,900
      Pending

      Updated Duplex Near Anderson University

      Updated duplex with separate utilities near Anderson University.
      914 Lennox St, Anderson, IN 46012
      View Details
    • $375,000
      0.64 Acres

      Anderson Neighborhood Shopping Center For Sale

      North Anderson shopping center with laundry mat and rental income.
      2401-2409 Broadway St, Anderson, IN 46012
      View Details
    • New
      Contact for pricing
      Pending

      Residential Lot with Storage Building

      Corner lot with storage building available in Anderson, Indiana.
      230 E Cross St, Anderson, IN 46012
      View Details
    • $2,052,720

      Retail Development Land Opportunity

      28.5 acres of retail development land in Anderson, Indiana.
      E 32Nd St, Anderson, IN 46012
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo

      First Floor Office Space Available

      First floor office space with ample parking and multiple offices.
      2525 E 10Th St, Anderson, IN 46012
      View Details
    • $2,000 /Mo
      7,047 SF

      Anderson Retail/Office/Restaurant Space Available

      Partially renovated suite suitable for retail, office, or restaurant tenant.
      902 S Scatterfield Rd, Anderson, IN 46012
      View Details
    • $1,100 /Mo
      35,216 SF

      First Floor Office Space Available

      First floor office space with ample parking in Anderson.
      2525 E 10, Anderson, IN 46012
      View Details
    • Contact for pricing

      Retail Space in Anderson, Indiana

      Retail spaces available in a shopping center with pylon signage.
      1755 Scatterfield Rd, Anderson, IN 46012
      View Details
    • Contact for pricing

      Land in Anderson Retail Corridor

      Outlots available for ground lease in Anderson retail corridor.
      2006 S Scatterfield Rd, Anderson, IN 46012
      View Details
    • Contact for pricing

      Retail Corridor Power Center Land

      Land for ground lease in Anderson's main retail corridor.
      1708 S Scatterfield Rd, Anderson, IN 46012
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    520 8th St
    Anderson, IN 46012-4017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!