Single-Tenant Medical Office
7526 E 82nd St Indianapolis, IN 46256
7526 E 82nd St, Indianapolis, IN, 46256
$3,085,000
For Sale
$3,085,000
Recently renovated single-tenant medical office building offering 100% occupancy under a long-term lease.
Property Size12,050 SF
Price / SF$256.02
Days on Market28
Property Features for 7526 E 82nd St
General Information
- Standard status
- Active
- Size
- 12,050 SF
- Property subtype
- Office - Medical Office
Building Details
- Year Built
- 1990
Listing agency
Acuity Private Capital
Listed by
Bryan Webb · License #01826546
Source
Commercialcafe
Added: Jun 25 Updated: Jul 22 at 9:54AM Checked: Jul 22 at 9:54AM
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 Acuity Private Capital
Investment Insights
Based on property information with market context.
This single-tenant medical office building was constructed in 1990 and recently renovated in 2022. The property contains approximately 12,050 square feet and is currently 100% occupied under a long-term lease with Lighthouse Autism Center. Tenant lease obligations are corporately guaranteed by VAV Operations and Cerberus Capital Management.
Located in northeast Indianapolis in the Castleton submarket, the building sits directly across from Community Hospital North. It is also minutes from I-465 and I-69, providing convenient access to the surrounding healthcare and retail corridor.
Located in northeast Indianapolis in the Castleton submarket, the building sits directly across from Community Hospital North. It is also minutes from I-465 and I-69, providing convenient access to the surrounding healthcare and retail corridor.
Key Highlights
- 12,050 SF single‑tenant medical office building built in 1990
- Recently renovated in 2022
- 100% occupancy with a long‑term lease to Lighthouse Autism Center
Local Financial Insights For Healthcare Medical
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 | $289.2k | $24.00 |
| − Vacancy | −$23.1k | −$1.92 |
| EGI | $266.1k | $22.08 |
| − OpEx | −$106.4k | −$8.83 |
| NOI | $159.6k | $13.25 |
12,050 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.28M
$2.00M – $2.66M
NOI $159,638 @ 7.0% cap · market cap 5.17%
Second Best
Office B
$2.27M
$1.99M – $2.65M
NOI $159,096 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,959 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Smile Center - Jyoti ...
Dental Office
Timothy Heck
Marriage Or Relationship Counselor
Jennifer Wheat
Marriage Or Relationship Counselor
Francis Simmons
Marriage Or Relationship Counselor
Dr. Judith S. ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Recently renovated single-tenant medical office building offering 100% occupancy under a long-term lease.
Where is this medical office space located?
The property is located at 7526 E 82nd St Indianapolis, IN.
What is the asking price?
The asking price for this property is $3,085,000.
What are key features of this property?
This property features: 12,050 SF single‑tenant medical office building built in 1990; Recently renovated in 2022; 100% occupancy with a long‑term lease to Lighthouse Autism Center
