4925 Scatterfield RdAnderson, IN 46013

Property Details for 4925 Scatterfield Rd

Lot size

0.44 AC

Property type

Healthcare properties

Property subtype

Medical offices

APN

48-12-30-404-011.000-003

APU

481230404011000003

Description

This exceptional Anderson, Indiana retail property, totaling 3,525 square feet, presents a compelling investment opportunity. Currently 100% occupied by CleanSlate Outpatient Addiction Medicine under a lease extending until November 30, 2028, with a five-year option, this single-story building boasts a strong 8.25% cap rate. Built in 1995 and renovated in 2016, the property sits on a 0.87-acre lot at 4925 S Scatterfield Rd, 46013, enjoying high visibility along a major retail corridor with approximately 25,000 vehicles daily. Its strategic location directly across from a Walmart Supercenter and near numerous other national retailers, including Kohl's, Lowe's, and Hobby Lobby, ensures consistent traffic and strong tenant demand. CleanSlate, a reputable national operator with 74 locations, benefits from a lease with 3% annual rent increases and reimbursement of operating expenses, real estate taxes, and insurance. The property's proximity to Harrah's Hoosier Park Casino Racetrack further enhances its appeal. With a surrounding population of 65,131 within a five-mile radius, this investment offers a secure and profitable return. The asking price is $765,000, translating to $217.02 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $2,504,431

  6.5%

  $2,311,782

  7%

  $2,146,655

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,380,226

  Geo Method

  $2,380,226

• Alternative Use

  Use

  Valuation

  Residential

  $2,866,610

  Hospitality

  $2,625,800

  Educational

  $2,184,634

  Medical

  $2,259,768

  Retail

  $3,398,320

Location Insight

City

Anderson

County

Madison

State

Indiana

Latitude

40.0646

Longitude

-85.6535

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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