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    Medical Office Building with Exam Rooms Title is generated by Realmo AI

    110 W Sycamore Street, Elberfeld, IN 47613

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    For Lease
    $14 SF/Yr $3,767/Mo (calc)

    Health Center, None - Elberfeld, IN

    Property size:
    3,229 SF
    Lot size:
    0.36 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 110 W Sycamore Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Rooms
    Kitchen, Office
    Parking
    25
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Drywall, Wood, 110 Volts, 220 Volts, Handicap Access, Delivery Door, Office Space, Public Restrooms, Reception Area, Ventilating/Exhaust Fans, Ansel System
    Exterior features
    None
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    87-04-19-201-053.000-008
    Size
    3,229 SF
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Baseboard, Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1963
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Anne Crafton
    Anne Crafton

    Listing agent Anne Crafton License #RB17000549

    Listing office RE/MAX REVOLUTION 331 Kimber Lane, Evansville, IN

    Listing date Jun 3, 2026

    MLS# 202621867 Listing URL

    Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial building built in 1963 with brick construction and asphalt roof
    • Former private medical clinic layout with generous lobby, glassed vestibule entry, and two corridors
    • Includes reception area, break room with cabinetry and sink, office space, and multiple exam rooms with cabinetry and sink
    • Three bathrooms plus public restrooms and a medical records room with sink
    • Central air and natural gas heating with baseboard and forced air
    • Off‑street paved parking with drive‑around access and lit sign at rear driveway and main entrance

    Overview

    This medical office building was built for and formerly used as a private, Ascension-affiliated medical clinic. The interior layout features two corridors, a generous lobby with a glassed vestibule at the main entrance, and two additional entrances. Tenant-ready improvements include a reception area, administrative offices and/or labs, a break room with cabinetry and sink, several exam rooms with cabinetry and sink, and a medical records room with sink. The property also includes three bathrooms and multiple mechanical and storage closets, supporting a practical day-to-day operational flow.

    The building is located in Elberfeld, Indiana at 110 W Sycamore Street in Warrick County. Exterior amenities include a generously sized parking lot and a driveway that goes around the building, helping with convenient arrival and departure. A lit sign is located at the rear driveway and at the main entrance, supporting visibility for visitors and patients.

    The space is well suited for healthcare uses such as family practice, vision, dental, physical therapy, occupational therapy, podiatry, chiropractic care, and speech or hearing therapy, given the existing exam-room configuration and clinic-style rooms. It may also work for other professional and community uses, including offices and select mixed-use concepts, based on the availability of reception, administrative areas, and multiple entrances.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stephanie Silva Physician

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Skin Care Clinic Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Elberfeld
    County
    Warrick
    State
    Indiana
    Longitude
    -87.447217
    Latitude
    38.160064

    FAQs

    What type of property is this?
    Medical center - Leasing opportunity with a clinic-ready layout, multiple exam rooms, reception, and abundant parking for patient and staff access.
    Where is this medical center located?
    The property is located at 110 W Sycamore Street Elberfeld, IN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Commercial building built in 1963 with brick construction and asphalt roof; Former private medical clinic layout with generous lobby, glassed vestibule entry, and two corridors; Includes reception area, break room with cabinetry and sink, office space, and multiple exam rooms with cabinetry and sink
    (812) 430-4851
    We can help!
    Listing Contact
    Anne Crafton
    Anne Crafton
    Real Estate License ID: RB17000549
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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.

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