Medical Center with Exterior
8081 Township Line Rd, Indianapolis, IN 46260
For Sale
$3,500,000
Medical-oriented commercial property with office and laboratory space and building signage availability.
Property Size18,815 SF
Price / SF$186.02
Days on Market98
Property Features for 8081 Township Line Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Exterior building signage available
Listing Agency:
Indianapolis
Listed By:
Tim Norton
(317) 713-2136
Source:
Colliers
Added: Aug 9
Changed: Nov 9
Last Checked: Nov 6 at 5:44AM
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 Indianapolis
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Investment Insights
Based on property information with market context.
This medical center offers 18,815 square feet of commercial space configured for office and laboratory functions. Exterior building signage is available, providing an on-building identification opportunity for the property.
The property is located at 8081 Township Line Rd in Indianapolis, Indiana 46260.
The property is located at 8081 Township Line Rd in Indianapolis, Indiana 46260.
Key Highlights
- 18,815 square feet of medical center space
- Office and laboratory space
- Exterior building signage available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,261
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,985,220
$5.0M
Cap Rate 7%
$3,560,871
$3.6M
Cap Rate 9%
$2,769,567
$2.8M
Market Conditions
NOI Build-Up for 18,815 SF
Gross rent
$451.6K $24.00/SF
− Vacancy
−$36.1K −$1.92/SF
EGI
$415.4K $22.08/SF
− OpEx
−$166.2K −$8.83/SF
NOI
$249.3K $13.25/SF
Area
Indianapolis, IN
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,985,220
Cap Rate 7%
$3,560,871
Cap Rate 9%
$2,769,567
Alternative Uses
Best Use
Healthcare Medical
$3.56M
$3.12M – $4.15M
NOI $249,261 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.68M
$4.10M – $5.46M
NOI $327,833 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,156
Businesses Nearby
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Business Placement
Demographics for 46260, IN
34,188
Population
16,376
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.4 sq mi
ZIP Area
3,287
Density / Sq Mi
$70,642
Median Household Income
$38,682
Median Earnings
$1,080
Median Rent
$271,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Medical-oriented commercial property with office and laboratory space and building signage availability.
Where is this medical center located?
The property is located at 8081 Township Line Rd Indianapolis, IN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 18,815 square feet of medical center space; Office and laboratory space; Exterior building signage available
