Medical Center with Surgical
For Sale
$1,950,000
2201 Green Valley Rd, New Albany, IN 47150
Healthcare facility with operating, recovery, administrative, and physician office areas near a major hospital campus.
Property Size9,000 SF
Price / SF$216.67
Days on Market71
Property Features for 2201 Green Valley Rd
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Healthcare
Zoning
C-1B
Additional Details
Furnished
No
Amenities
Vacant
Building Details
Building Size
9,000 SF
Listing Agency:
Caliber Commercial Properties
Listed By:
David Barker · License #61476
(502) 365-5009
Source:
Kcrea.resimplifi
Added: Aug 7
Changed: Oct 13
Last Checked: Oct 16 at 5:42AM
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 Caliber Commercial Properties
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Investment Insights
Based on property information with market context.
This medical center comprises 9,000 SF on over 1.5 acres and is configured for surgical and clinical operations. The interior includes four operating rooms, a pre-op area, recovery space, two scrub rooms, physician offices, a staff break area, and additional supporting areas. The property is zoned C-1B, and the roof was replaced in 2024 with a 20-year transferable warranty.
The facility is located steps from the Baptist Health Floyd campus in New Albany’s medical corridor. Downtown Louisville’s medical district is less than 15 minutes away, with the property positioned to serve communities across Floyd, Clark, Harrison, and Washington counties in Indiana.
The facility is located steps from the Baptist Health Floyd campus in New Albany’s medical corridor. Downtown Louisville’s medical district is less than 15 minutes away, with the property positioned to serve communities across Floyd, Clark, Harrison, and Washington counties in Indiana.
Key Highlights
- 9,000 SF medical center on over 1.5 acres
- Four operating rooms with pre‑op and recovery areas
- Two scrub rooms, physician offices, and staff break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,849
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,256,980
$2.3M
Cap Rate 7%
$1,612,129
$1.6M
Cap Rate 9%
$1,253,878
$1.3M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$194.4K $21.60/SF
− Vacancy
−$43.9K −$4.88/SF
EGI
$150.5K $16.72/SF
− OpEx
−$37.6K −$4.18/SF
NOI
$112.8K $12.54/SF
Area
Floyd County, IN
Vacancy
22.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,256,980
Cap Rate 7%
$1,612,129
Cap Rate 9%
$1,253,878
Alternative Uses
Best Use
Healthcare Medical
$5.00M
$4.38M – $5.84M
NOI $350,206 @ 7.0% cap · market cap 17.96%
Second Best
Office B
$1.61M
$1.41M – $1.88M
NOI $112,849 @ 7.0% cap · market cap 5.79%
Theoretical Best
Specialty Retail
$6.51M
$5.69M – $7.59M
NOI $455,370 @ 7.0% cap · market cap 23.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
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Business Placement
Demographics for 47150, IN
49,395
Population
22,834
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
1,098
Density / Sq Mi
$62,212
Median Household Income
$40,837
Median Earnings
$984
Median Rent
$191,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical center - Healthcare facility with operating, recovery, administrative, and physician office areas near a major hospital campus.
Where is this medical center located?
The property is located at 2201 Green Valley Rd New Albany, IN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 9,000 SF medical center on over 1.5 acres; Four operating rooms with pre‑op and recovery areas; Two scrub rooms, physician offices, and staff break area
