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Property profile & analytics

809 8th St Anderson, IN 46012-4022

  • Office Properties & Spaces
  • 2,430 SF
  • 0.15 lot acres
OFF-MARKET
Last Sale
Nov 20, 2020
Value Estimations
$250,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-0670265
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

  • Star Realty / Real Estate Agency

Property Details for 809 8th St

Year built
1986
Construction
WOOD
Lot size
0.15 lot acres
Property size
2,430 SF
Property type
Office Properties & Spaces
APN
48-12-07-303-145.000-003
APU
481207303145000003

Description

This exceptional 2,430 square foot mixed-use commercial building presents a unique investment opportunity in Anderson, Indiana. Situated on a 0.3-acre lot, the property boasts a desirable location with easy access to downtown Anderson, State Road 32, Scatterfield Road, and Interstate 69, placing it within close proximity to Anderson University. The building features a striking brick exterior, complemented by a newer roof and HVAC system, ensuring both aesthetic appeal and operational efficiency. Recent upgrades include new LED lighting throughout, significantly reducing energy costs. A substantial parking lot, enhanced by a large canopy, provides ample space for customers and employees. The property benefits from excellent street visibility thanks to a prominent metal pylon sign. The interior offers considerable flexibility, suitable for a variety of commercial uses including office space, retail, or storage. While a small portion of the land is located within a designated flood plain, the building itself is entirely outside this area. The current ceiling tiles can be removed to reveal attractive wooden cathedral ceilings, adding a unique architectural element to the space. This property offers a blend of modern amenities and classic charm, making it an ideal investment for discerning buyers seeking a versatile and well-located commercial space.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $240,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $400,000
    6.5%
    $370,000
    7%
    $345,000

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


Location Insight

  • Map
  • Local Demand
City
Anderson
County
Madison
State
Indiana
Longitude
-85.669
Latitude
40.1077
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
$1,450
$7,500
$37,300
$44,800
-
$7,500
$37,300
$44,800
More about this property
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