8003 S Meridian St Indianapolis, IN 46227
1,960 SF medical office near Community Hospital South.
- Added:
- Apr 30, 2026
- Days on Market:
- 74
- Last Refresh:
- May 8 at 3:39 am
Property Features for 8003 S Meridian St
General Information
- Standard status
- Active
- Size
- 1,960 SF
- Lot size
- 1.20 Acres
- Property subtype
- OFFICE
Listing office Avison Young | Indianapolis (317) 213-3246
Listing date Apr 30, 2026
Source Moodyscre
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 Avison Young | Indianapolis
Investment Insights
Based on property information with market context.
Key Highlights
- Zoned C‑3 for flexible commercial/medical use
- Approximately a seven‑minute drive from Community Hospital South
- 14 on‑site parking spaces
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 | $47.0k | $24.00 |
| − Vacancy | −$4.9k | −$2.52 |
| EGI | $42.1k | $21.48 |
| − OpEx | −$16.8k | −$8.59 |
| NOI | $25.3k | $12.89 |
