Medical Office
For Sale
$425,000
502 W Center Cross Street, Edinburgh, IN 46124
Private offices, exam rooms, reception, and administrative areas define the interior layout.
Property Size2,928 SF
Price / SF$145.15
Days on Market20
Property Features for 502 W Center Cross Street
General Information
Standard status
Active
Size
2,928 SF
Property subtype
Commercial
Zoning
Commercial, Business, Off
Property Condition
Severity
Repairs Needed
Evidence
cosmetic updates
Building Details
Building Size
2,928 SF
Year Built
1992
Stories
1
Listing Agency:
eXp Realty LLC
(812) 374-8680
Listed By:
Ashton Wischmeier · License #RB25000099
(812) 447-4433
Source:
Battsrealestategroup
Added: Oct 5
Changed: Oct 22
Last Checked: Oct 22 at 2:21PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This 2,928-square-foot medical office property was built in 1992 and previously served as a medical office. Its interior includes private offices, consultation and exam rooms, a reception and waiting area, and dedicated administrative space. Built-in plumbing is also present, and the neutral interior can be customized or cosmetically updated. Zoning is listed as Commercial, Business, Off.
Located at 502 W Center Cross Street in Edinburgh, the property has convenient parking for clients, patients, and staff.
Located at 502 W Center Cross Street in Edinburgh, the property has convenient parking for clients, patients, and staff.
Key Highlights
- 2,928 square feet of medical office space
- Private offices, consultation and exam rooms, reception and waiting areas, and administrative space
- Built‑in plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,959
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,180
$739.2K
Cap Rate 7%
$527,986
$528.0K
Cap Rate 9%
$410,656
$410.7K
Market Conditions
NOI Build-Up for 2,928 SF
Gross rent
$58.0K $19.80/SF
− Vacancy
−$8.7K −$2.97/SF
EGI
$49.3K $16.83/SF
− OpEx
−$12.3K −$4.21/SF
NOI
$37.0K $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%
$739,180
Cap Rate 7%
$527,986
Cap Rate 9%
$410,656
Alternative Uses
Best Use
Office B
$528.0K
$462.0K – $616.0K
NOI $36,959 @ 7.0% cap · market cap 8.70%
Second Best
Healthcare Medical
$498.7K
$436.3K – $581.8K
NOI $34,906 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$737.9K
$645.6K – $860.8K
NOI $51,650 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46124, IN
7,891
Population
3,118
Households
2.5
Avg Household Size
41
Median Age
15%
College-Educated
89%
High-School Grad
73.6 sq mi
ZIP Area
107
Density / Sq Mi
$67,926
Median Household Income
$35,974
Median Earnings
$798
Median Rent
$184,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Private offices, exam rooms, reception, and administrative areas define the interior layout.
Where is this medical office space located?
The property is located at 502 W Center Cross Street Edinburgh, IN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,928 square feet of medical office space; Private offices, consultation and exam rooms, reception and waiting areas, and administrative space; Built‑in plumbing
