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    349 W 1St St Albany, IN 47320

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    For Sale
    $249,900

    Medical office building with additional parking lot in Albany, Indiana.

    Lot size:
    0.42 Acres

    Property Features for 349 W 1St St

    General Information

    Lot size
    0.42 Acres

    Source: ADM Commercial Real Estate Agent Mark Sturgis 765 749 0665

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

    Overview

    Medical Office Building For Sale

    This medical office building is located in a desirable community at the southeast corner of First and Plum Streets. An additional parking lot is included with the property. The building is suitable for office or medical use, and it can also be repurposed to suit various needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Robert E. Hunter, ... Family Practice Physician Kelsey Moore Nurse Practitioner Travis Newman Nurse Practitioner Steven A. Farmer, MD ... Family Practice Physician Katie Lee Nurse Practitioner

    Suggested Use

    Realty agency Restaurant Dental Office Building Supply Auto Repair Shop Wholesale Shop Daycare Center HVAC Service Auto Parts Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Delaware
    State
    Indiana
    Longitude
    -85.2404624
    Latitude
    40.2985184

    FAQs

    What type of property is this?
    Medical office - Medical office building with additional parking lot in Albany, Indiana.
    Where is this medical office located?
    The property is located at 349 W 1St St Albany, IN.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Medical Office Building; - Additional Parking Lot Included; - Great Community
    (765) 749-0665
    Request Owner's contact information
    349 W 1St St Albany, IN 47320
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    Albany, IN 47320
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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
    349 W 1St St Albany, IN 47320
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