Brick Medical Office
125 S 7th St Gas City, IN 46933
125 S 7th St, Gas City, IN, 46933
$239,999
For Sale
$239,999
All-brick office building with reception and waiting area, updated roof and HVAC, and space for private offices.
Property Size1,816 SF
Lot Size0.64 Acres
Price / SF$132.16
Days on Market28
Property Features for 125 S 7th St
General Information
- Standard status
- Active
- Size
- 1,816 SF
- Lot size
- 0.64 Acres
Listing agency
Nicholson Realty 2.0
(765) 661-8516
Listed by
Nathan Nicholson
(765) 661-8516
Source
Exprealty
Added: Jun 26 Updated: Jul 22 at 7:44PM Checked: Jul 22 at 7:44PM
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 Nicholson Realty 2.0
Investment Insights
Based on property information with market context.
This all-brick commercial building is well-suited for professional, medical, office, or service-based use, and was formerly operated as an optometry office. The layout includes a spacious reception and waiting area and is flexible enough to accommodate approximately 6–7 private offices. Updates include a newer roof and an HVAC system.
Located just a half block off Main Street in Gas City, the property offers client and staff parking and sits on a .64-acre lot. The listing notes visibility and accessibility.
Personal items will be removed prior to closing, and the waiting room furniture and various chairs are negotiable.
Located just a half block off Main Street in Gas City, the property offers client and staff parking and sits on a .64-acre lot. The listing notes visibility and accessibility.
Personal items will be removed prior to closing, and the waiting room furniture and various chairs are negotiable.
Key Highlights
- All‑brick commercial building formerly used as an optometry office
- 1,816 SF layout includes a spacious reception and waiting area
- Flexible floor plan accommodates approximately 6–7 private offices
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $17.04 |
| − Vacancy | −$2.6k | −$1.45 |
| EGI | $28.3k | $15.59 |
| − OpEx | −$11.3k | −$6.24 |
| NOI | $17.0k | $9.35 |
1,816 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$242.7K
$212.4K – $283.2K
NOI $16,989 @ 7.0% cap · market cap 7.08%
Second Best
Office B
$235.8K
$206.4K – $275.2K
NOI $16,509 @ 7.0% cap · market cap 6.88%
Theoretical Best
Specialty Retail
$352.7K
$308.6K – $411.5K
NOI $24,687 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Hometown Animal Hospital — 94 Schaefer Dr, Gas City, IN 46933
FAQs
What type of property is this?
Medical Office Space - All-brick office building with reception and waiting area, updated roof and HVAC, and space for private offices.
Where is this medical office space located?
The property is located at 125 S 7th St Gas City, IN.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: All‑brick commercial building formerly used as an optometry office; 1,816 SF layout includes a spacious reception and waiting area; Flexible floor plan accommodates approximately 6–7 private offices
