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    Property profile & analytics

    815 53rd St Anderson, IN 46013-1730

    • Outlet malls
    • 76,105 SF
    • 5.75 lot acres
    OFF-MARKET
    Value Estimation
    $515,000
    Location Intelligence
    Property ID
    US31-0504949
    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

    • Outlet malls

    Property Details for 815 53rd St

    Year built
    1963
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.75 lot acres
    Property size
    76,105 SF
    Property type
    Outlet malls
    APN
    48-12-31-200-001.000-003
    APU
    481231200001000003

    Description

    This exceptional 80,510-square-foot warehouse, situated on a 5-acre lot at 815 E 53rd St, Anderson, IN 46013, presents a significant investment opportunity. Built in 1962 and extensively renovated in 2018, the Class B property boasts a single-story building with a 17.5-foot ceiling height and ample 300 parking spaces. The warehouse features 400 feet of frontage on 53rd Street, conveniently located near I-69 and between Ivy Tech campuses. Its strategic location also benefits from proximity to a race track and casino, and a high school, ensuring high daily vehicle traffic. The entire 80,510 square feet is currently vacant and available for lease or sale. The property's multiple tenancy allows for flexibility, and existing tenants in nearby outlots are thriving. Property taxes are $1.09 per square foot. This prime location, combined with the building's recent renovations and substantial size, makes Southdale Plaza an attractive option for various industrial or retail uses. The property is conveniently located in the Indianapolis submarket, offering easy access to major transportation routes and a robust local economy. The property is zoned for multiple uses.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $725,000
      7%
      $625,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $630,000
      Geo Method
      $700,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $620,000
      Retail
      $675,000
      Mixed-Use
      $705,000
      Hospitality
      $530,000
      Educational
      $520,000
      Residential Income
      $630,000
      Energy
      $700,000
      Income-Based Land
      $645,000
      Food Service
      $550,000

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.6678
    Latitude
    40.0589
    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
    $19,509
    $187,500
    $415,200
    $602,700
    -
    $187,500
    $415,200
    $602,700

    Comparable in this City

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    • Value Estimation
      $755,000
      25,547 SF

      3632 Scatterfield Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 25,547 SF
      3632 Scatterfield Rd, Anderson, IN 46013-2134
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    • Value Estimation
      $380,000
      7,360 SF

      1313 38th St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,360 SF
      1313 38th St, Anderson, IN 46013
      View Details
    • Value Estimation by Request
      140,429 SF

      3335 Scatterfield Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 140,429 SF
      3335 Scatterfield Rd, Anderson, IN 46013-2127
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    • Value Estimation by Request
      173,030 SF

      2245 67th St

      WHOLESALE OUTLET, DISCOUNT STORE • 173,030 SF
      2245 67th St, Anderson, IN 46013-9591
      View Details
    • Value Estimation
      $845,000
      6,789 SF

      923 38th St

      WHOLESALE OUTLET, DISCOUNT STORE • 6,789 SF
      923 38th St, Anderson, IN 46013
      View Details

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    815 53rd St
    Anderson, IN 46013-1730
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    Realmo Value Estimation

    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.

    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.

    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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