Medical Office Building with Seven
For Sale
$785,000
890 Richard Road, Dyer, IN 46311
Operational dental facility with dedicated clinical, administrative, and support areas.
Property Size4,000 SF
Price / SF$196.25
Days on Market71
Property Features for 890 Richard Road
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
22
Property subtype
Office
Additional Details
Business Included
Yes
Building Details
Buildings
1
Building Size
4,000 SF
Tenancy
Single
Listing Agency:
Joseph Rossi & Associates, Inc (JRA) - Corporate
Listed By:
Joseph Rossi · License #471011064
(312) 953-3553
Source:
Jrossiandassociates
Added: Aug 8
Changed: Oct 16
Last Checked: Oct 16 at 7:02AM
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 Joseph Rossi & Associates, Inc (JRA) - Corporate
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Investment Insights
Based on property information with market context.
This medical office property includes a 4,000-square-foot dental facility with seven operatories, a private doctor’s office, and a separate business manager’s office. Additional support areas serve the operational layout, while existing A-dec, Belmont, and Pelton & Crane equipment is included with the property and practice.
The building is located at 890 Richard Road in Dyer, Indiana, and provides 22 on-site parking spaces. The existing configuration combines patient treatment areas, professional offices, support functions, and installed dental equipment within a dedicated healthcare setting.
The building is located at 890 Richard Road in Dyer, Indiana, and provides 22 on-site parking spaces. The existing configuration combines patient treatment areas, professional offices, support functions, and installed dental equipment within a dedicated healthcare setting.
Key Highlights
- 4,000‑square‑foot dental facility in Dyer, Indiana
- Seven operatories support the existing clinical layout
- Separate doctor’s office and business manager’s office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,987
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,740
$1.1M
Cap Rate 7%
$799,814
$799.8K
Cap Rate 9%
$622,078
$622.1K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$103.7K $25.92/SF
− Vacancy
−$10.4K −$2.59/SF
EGI
$93.3K $23.33/SF
− OpEx
−$37.3K −$9.33/SF
NOI
$56.0K $14.00/SF
Area
Lake County, IN
Vacancy
10.00%
Lease Rate
$25.92 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,740
Cap Rate 7%
$799,814
Cap Rate 9%
$622,078
Alternative Uses
Best Use
Healthcare Medical
$799.8K
$699.8K – $933.1K
NOI $55,987 @ 7.0% cap · market cap 7.13%
Second Best
Office B
$724.8K
$634.2K – $845.6K
NOI $50,738 @ 7.0% cap · market cap 6.46%
Theoretical Best
Specialty Retail
$1.12M
$977.1K – $1.30M
NOI $78,165 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46311, IN
22,431
Population
9,128
Households
2.5
Avg Household Size
43
Median Age
37%
College-Educated
96%
High-School Grad
12.6 sq mi
ZIP Area
1,780
Density / Sq Mi
$109,167
Median Household Income
$58,332
Median Earnings
$1,221
Median Rent
$300,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Pet Vet Express — 728 Joliet St, Dyer, IN 46311
Frequently Asked Questions
What type of property is this?
Medical Office Space - Operational dental facility with dedicated clinical, administrative, and support areas.
Where is this medical office space located?
The property is located at 890 Richard Road Dyer, IN.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 4,000‑square‑foot dental facility in Dyer, Indiana; Seven operatories support the existing clinical layout; Separate doctor’s office and business manager’s office
