Two-Unit Medical Office
For Sale
$1,479,000
7376 Business Center Drive, Avon, IN 46123
Separate suites accommodate a medical office and a legal practice, with the larger space arranged across two levels.
Property Size8,320 SF
Price / SF$177.76
Days on Market281
Property Features for 7376 Business Center Drive
General Information
Standard status
Active
Size
8,320 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Office Units
2
Building Details
Building Size
8,320 SF
Year Built
2008
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Batts Real Estate Group
Listed By:
Lisa Batts
(765) 894-0575
Source:
Battsrealestategroup
Added: Jan 16
Changed: Oct 22
Last Checked: Oct 23 at 10:08PM
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 Batts Real Estate Group
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.
Built in 2008, this two-suite property combines a two-level medical office with a separate legal office. The medical suite has four restrooms, a small kitchen, a laundry room, and an upper floor currently used primarily for storage. A crawlspace provides access beneath the building for potential layout changes. The smaller suite has one restroom and its own HVAC unit.
The roof was replaced in 2023, and the main area received fresh paint in 2024. LED lighting is installed. The medical suite has four HVAC units, including a separate unit for the upper level; the legal suite has one HVAC unit. Main-level ceilings are 9 feet high. The property is zoned Commercial.
The roof was replaced in 2023, and the main area received fresh paint in 2024. LED lighting is installed. The medical suite has four HVAC units, including a separate unit for the upper level; the legal suite has one HVAC unit. Main-level ceilings are 9 feet high. The property is zoned Commercial.
Key Highlights
- Two separate suites: a two‑level medical office and a legal office
- Four restrooms in the medical suite; one in the legal suite
- Five HVAC units serving the medical suite and one serving the legal suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,710
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,434,200
$2.4M
Cap Rate 7%
$1,738,714
$1.7M
Cap Rate 9%
$1,352,333
$1.4M
Market Conditions
NOI Build-Up for 8,320 SF
Gross rent
$179.7K $21.60/SF
− Vacancy
−$17.4K −$2.10/SF
EGI
$162.3K $19.50/SF
− OpEx
−$40.6K −$4.88/SF
NOI
$121.7K $14.63/SF
Area
Hendricks County, IN
Vacancy
9.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,434,200
Cap Rate 7%
$1,738,714
Cap Rate 9%
$1,352,333
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,710 @ 7.0% cap · market cap 8.23%
Second Best
Healthcare Medical
$1.46M
$1.28M – $1.71M
NOI $102,328 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,198 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46123, IN
40,788
Population
16,543
Households
2.5
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
28.6 sq mi
ZIP Area
1,426
Density / Sq Mi
$102,989
Median Household Income
$51,285
Median Earnings
$1,467
Median Rent
$293,000
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
- Avon Veterinary Clinic — 7253 E US Hwy 36, Avon, IN 46123
- Animal Hospital of Avon — 8105 E US Hwy 36, Avon, IN 46123
Frequently Asked Questions
What type of property is this?
Medical Office Space - Separate suites accommodate a medical office and a legal practice, with the larger space arranged across two levels.
Where is this medical office space located?
The property is located at 7376 Business Center Drive Avon, IN.
What is the asking price?
The asking price for this property is $1,479,000.
What are key features of this property?
This property features: Two separate suites: a two‑level medical office and a legal office; Four restrooms in the medical suite; one in the legal suite; Five HVAC units serving the medical suite and one serving the legal suite
