Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Clinic Leased by VA Title is generated by Realmo AI

    101 IRMC Drive, Indiana, PA 15701

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Newly constructed medical clinic leased to U.S. Department of Veterans Affairs.

    Type:Office
    Property size:
    14,801 SF
    Price / SF:
    $656/SF
    Added:
    May 19, 2026
    Days on Market:
    10
    Last Refresh:
    May 20 at 5:01 am

    Property Features for 101 IRMC Drive

    General Information

    Standard status
    Active
    Size
    14,801 SF
    Property subtype
    Office

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    David Dolan

    Listing agent David Dolan License #PA AB050785L

    Listing office Newmark - Philadelphia

    Listing date May 19, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Philadelphia

    HighLights

    • Newly constructed (2025) purpose‑built medical outpatient clinic leased to the U.S. Department of Veterans Affairs (VA).
    • Features a 15‑year lease (10‑year firm, 5‑year soft) with lease commencement in July 2025.
    • Contractual 7.25% shell rent escalations every five years.
    • Annual 1.85% increases to operating cost reimbursements.
    • Serves as a primary care hub for the James E. Van Zandt VA Medical Center.
    • 14,801 NUSF Community‑Based Outpatient Clinic (CBOC) built to VA specifications.

    Overview

    This newly constructed, purpose-built medical outpatient clinic is leased by the U.S. Department of Veterans Affairs. The single-story, 14,801 NUSF Community-Based Outpatient Clinic was built to VA specifications. It operates under a fifteen-year lease, which includes a ten-year firm term and a five-year soft term, with the lease commencing in July 2025. The lease incorporates contractual 7.25% shell rent escalations every five years and annual 1.85% increases to operating cost reimbursements. Serving as a primary care hub for the James E. Van Zandt VA Medical Center, the facility provides comprehensive outpatient services to veterans across Indiana County and the surrounding region. These services include PACT team primary care, mental health, audiology, women's health, eye care, physical therapy, laboratory services, and telehealth capabilities.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Indiana
    County
    Indiana
    State
    Pennsylvania
    Longitude
    -79.1593
    Latitude
    40.6222

    Nearby Similar for Sale

    • Contact for pricing
      3,160 SF

      Adaptable Office and Warehouse Space

      Versatile 3,160 SF office/warehouse with development potential.
      563 Bash Rd, White Twp, PA 15701
      View Details
    • $225,000
      4,000 SF

      Mixed-Use Property in Downtown Indiana

      Turn-key retail and apartment units in a desirable downtown setting.
      43 N 6th Street, Indiana, PA 15701
      View Details
    • $200,000

      Duplex on Philadelphia Street

      Well-maintained duplex with strong rental potential in Indiana Boro.
      1023 Philadelphia St, Indiana Boro, PA 15701
      View Details
    • $224,900
      1,800 SF

      Turn-Key Office with Income Potential

      Move-in ready office with apartment in a convenient location.
      132 S 7th St, Indiana Boro, PA 15701
      View Details
    • $899,900
      12,000 SF

      Downtown Indiana Office/Retail Space

      Versatile office/retail space with downtown views in Indiana, Pennsylvania.
      9 N 7th St, Indiana, PA, 15701-1880
      View Details
    • $225,000

      Mixed-Use Property in Downtown Indiana

      Turn-key retail and apartments in a desirable downtown setting.
      43 N 6th Street, Indiana Boro, PA 15701
      View Details
    • $225,000

      Mixed-Use Property in Downtown Indiana

      Turn-key retail and apartments in a desirable downtown setting.
      43 N 6th Street, Indiana, PA 15701
      View Details
    • $895,000

      Apartment Buildings in Indiana, PA

      Two well-constructed apartment buildings with ample off-street parking.
      250-256 South 7th Street, Indiana, PA 15701
      View Details
    • $4,528,216
      11,945 SF

      CVS Pharmacy with Health HUB

      CVS Pharmacy with Health HUB and Minute Clinic.
      2501 Warren Rd, Indiana, PA
      View Details
    • Contact for pricing
      11,118 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru near Indiana University of Pennsylvania.
      375 Philadelphia Street, Indiana, PA, 15701
      View Details
    • $2,727,273
      7,926 SF

      New Texas Roadhouse Investment Property

      Newly built, corporate guaranteed Texas Roadhouse investment property for sale.
      2920 Oakland Ave, Indiana, PA
      View Details
    • $399,000

      High-Traffic Commercial Property with Drive-Thru

      Versatile commercial property with drive-thru, fully equipped kitchen, ample parking.
      2045 S 6th St, Indiana, PA, 15701-6012
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Newly constructed medical clinic leased to U.S. Department of Veterans Affairs.
    Where is this medical office space located?
    The property is located at 101 IRMC Drive Indiana, PA.
    What is the asking price?
    The asking price for this property is $9,713,000.
    What are key features of this property?
    This property features: Newly constructed (2025) purpose‑built medical outpatient clinic leased to the U.S. Department of Veterans Affairs (VA).; Features a 15‑year lease (10‑year firm, 5‑year soft) with lease commencement in July 2025.; Contractual 7.25% shell rent escalations every five years.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Dolan
    Real Estate License ID: PA AB050785L
    Learn More
    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.
    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

    Thank You for Inquiry
    101 IRMC Drive, Indiana, PA 15701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!