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    The Largest CRE Database in the US with Over 1 Million Listings

    7376 Business Center Dr Avon, IN 46123

    Sponsored
    For Sale
    $1,499,000

    Office - Avon, IN

    Type:Office
    Property size:
    8,320 SF
    Lot size:
    0.94 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 5 at 7:06 pm

    Property Features for 7376 Business Center Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security System, Smoke Detector(s)
    Zoning
    Commercial
    APN
    321011145007000031
    Exterior features
    Fencing
    Fencing
    Fenced
    Size
    8,320 SF
    Lot size
    0.94 Acres

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air, Heat Pump

    Building Details

    Year built
    2008
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Anthony Marsiglio
    Anthony Marsiglio

    RE/MAX Centerstone (317) 839-4330

    Listing agent Anthony Marsiglio (317) 839-4330 License #RB14029573

    Listing date Jan 18, 2026

    MLS# 22080001 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Building For Sale

    This solid brick building in Avon, Indiana, is suitable for medical use. The property features a maintenance-free exterior. The building is divided into two separate units. The larger unit is configured as a two-level medical office, while the smaller unit is a legal office. A crawlspace provides access for future layout modifications. The larger unit has four HVAC units, with a separate unit for the second level, while the smaller unit has one HVAC unit. The larger unit includes four restrooms, one on the upper level, and the smaller unit has one restroom. The dimensional roof was replaced in 2023, and the main area was freshly painted in 2024. LED lighting has been installed to reduce energy consumption. A small kitchen area with ample cupboard space and a laundry room are available. The main level has a ceiling height of nine feet. The upper area is primarily used for storage but can be converted into meeting space. The property is located in Avon, Hendricks County, Indiana, with a lot size of 0.94 acres and a building size of 8320 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Avon Pediatrics Medical Clinic Dr. Donna R. ... Pediatrician Avon Pediatrics: Hensley ... Pediatrician Rapha Health Physician Harrell Law LLC ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Avon Veterinary Clinic, Animal Hospital of Avon

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.393868
    Latitude
    39.761418

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    FAQs

    What type of property is this?
    Medical office - Solid brick building with medical and legal office spaces.
    Where is this medical office located?
    The property is located at 7376 Business Center Dr Avon, IN.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Solid brick building with maintenance-free exterior.; - Two separate units: larger unit set up as a medical office, smaller unit as a legal office.; - Roof replaced in 2023 and main area freshly painted in 2024.
    (317) 279-2111
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    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
    7376 Business Center Dr Avon, IN 46123
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    We can help!
    Listing Contact
    Anthony Marsiglio
    Anthony Marsiglio
    Real Estate License ID: RB14029573
    (317) 279-2111
    Learn more
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