Medical Office with Treatment
340 Tracy Road, Whiteland, IN 46184
For Sale
$599,900
COMMERCIAL, Whiteland, IN
Property Size3,339 SF
Lot Size0.81 Acres
Price / SF$179.66
Days on Market49
Property Features for 340 Tracy Road
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Building Details
Year built
Flooring type
Roof type
Listing Agency:
Carpenter REALTORS Martinsville
(765) 342-8770
Listed By:
Brandon Warfield · License IN RB14038234
(317) 626-7174
Added: Sep 22
Changed: Oct 20
Last Checked: Nov 9 at 2:06PM
MLS# 202639712
Copyright © 2026 Bedford Board 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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured for medical use, this professional office building contains multiple offices and treatment rooms alongside reception and waiting areas. Restrooms serve the interior, with tile flooring and central air conditioning. Built in 1972, the building sits on approximately 0.81 acre and has a rubber roof.
The property is at 340 Tracy Road in Whiteland, with access to US 31 and I-65. The site is zoned GB-1 and includes on-site parking.
The property is at 340 Tracy Road in Whiteland, with access to US 31 and I-65. The site is zoned GB-1 and includes on-site parking.
Key Highlights
- Approximately 3,339‑square‑foot medical office building
- Multiple offices and treatment rooms, plus reception and waiting areas
- Approximately 0.81 acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,147
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,940
$842.9K
Cap Rate 7%
$602,100
$602.1K
Cap Rate 9%
$468,300
$468.3K
Market Conditions
NOI Build-Up for 3,339 SF
Gross rent
$66.1K $19.80/SF
− Vacancy
−$9.9K −$2.97/SF
EGI
$56.2K $16.83/SF
− OpEx
−$14.0K −$4.21/SF
NOI
$42.1K $12.62/SF
Area
Johnson County, IN
Vacancy
15.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,940
Cap Rate 7%
$602,100
Cap Rate 9%
$468,300
Alternative Uses
Best Use
Office B
$602.1K
$526.8K – $702.5K
NOI $42,147 @ 7.0% cap · market cap 7.03%
Second Best
Healthcare Medical
$568.7K
$497.6K – $663.4K
NOI $39,806 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$841.4K
$736.3K – $981.7K
NOI $58,900 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46184, IN
13,023
Population
5,290
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
720
Density / Sq Mi
$90,250
Median Household Income
$48,443
Median Earnings
$1,684
Median Rent
$205,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Whiteland Animal Clinic — 6540 US 31 S, Whiteland, IN 46184
Frequently Asked Questions
What type of property is this?
Medical Office Space - The current medical layout includes reception, waiting areas, treatment rooms and on-site parking.
Where is this medical office space located?
The property is located at 340 Tracy Road Whiteland, IN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Approximately 3,339‑square‑foot medical office building; Multiple offices and treatment rooms, plus reception and waiting areas; Approximately 0.81 acre
