Freestanding Medical Office
15018 Greyhound Ct Carmel, IN 46032
15018 Greyhound Ct, Carmel, IN, 46032
$985,000
For Sale
$985,000
Freestanding building on a 1-acre lot with existing surface parking and a veterinary-style interior layout.
Property Size5,403 SF
Lot Size1.00 Acre
Price / SF$182.31
Days on Market23
Property Features for 15018 Greyhound Ct
General Information
- Standard status
- Active
- Size
- 5,403 SF
- Lot size
- 1.00 Acre
Listing agency
Keller Williams Indy Metro Partners
(317) 599-2643
Listed by
Jaskaran Jossan · License #RB21000870
(317) 599-2643
Source
Exprealty
Added: Jun 30 Updated: Jul 22 at 12:24AM Checked: Jul 22 at 7:17AM
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 Keller Williams Indy Metro Partners
Investment Insights
Based on property information with market context.
Rare freestanding commercial building in the Carmel–Westfield corridor with a veterinary-style interior layout. Public records show approximately 5,403 SF on a full 1.00-acre lot, and the prior animal hospital use remains reflected in the existing layout. The property is suited for medical, dental, daycare, med spa, professional office, or similar service-based businesses.
The site includes 20 existing surface parking spaces and dedicated monument signage. It also offers room to expand parking on-site if needed. The building is located near major retail anchors including Target, Walmart Supercenter, Lowe's, Menards, Kohl's, ALDI, Best Buy, and Clay Terrace.
This is a single-site, owner-occupied style configuration with on-site parking and a layout that supports service-oriented operations.
The site includes 20 existing surface parking spaces and dedicated monument signage. It also offers room to expand parking on-site if needed. The building is located near major retail anchors including Target, Walmart Supercenter, Lowe's, Menards, Kohl's, ALDI, Best Buy, and Clay Terrace.
This is a single-site, owner-occupied style configuration with on-site parking and a layout that supports service-oriented operations.
Key Highlights
- Approx. 5,403 SF freestanding commercial building on a full 1.00‑acre lot
- Veterinary‑style interior layout, previously used as an animal hospital
- 20 existing surface parking spaces, with room to expand parking on‑site if needed
Local Financial Insights For Office B
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 | $113.5k | $21.00 |
| − Vacancy | −$20.4k | −$3.78 |
| EGI | $93.0k | $17.22 |
| − OpEx | −$23.3k | −$4.31 |
| NOI | $69.8k | $12.92 |
5,403 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$996.9K
$872.3K – $1.16M
NOI $69,780 @ 7.0% cap · market cap 7.08%
Second Best
Healthcare Medical
$978.1K
$855.8K – $1.14M
NOI $68,467 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,199 @ 7.0% cap · market cap 10.07%
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
- Banfield Pet Hospital — 14720 Greyhound Plaza, Carmel, IN 46032
- PetVet365 Pet Hospital Indianapolis / Cool Creek — 2458 E 146th St, Carmel, IN 46033
- Clayton Family Veterinary Care — 14757 Oak Rd Ste 200, Carmel, IN 46033
FAQs
What type of property is this?
Medical Office Space - Freestanding building on a 1-acre lot with existing surface parking and a veterinary-style interior layout.
Where is this medical office space located?
The property is located at 15018 Greyhound Ct Carmel, IN.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Approx. 5,403 SF freestanding commercial building on a full 1.00‑acre lot; Veterinary‑style interior layout, previously used as an animal hospital; 20 existing surface parking spaces, with room to expand parking on‑site if needed
