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    200 3Rd Ct De Motte, IN 46310

    For Sale
    $2,074,074

    Fully Leased Medical Office, High Cap Rate

    Property size:
    8,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a single-tenant, 8,920 square foot medical office building located at 200 3rd Ct, De Motte, IN 46310. Currently 100% occupied by NorthShore Health, a regional healthcare provider, this property offers a strong, stable income stream with a net lease structure (NN+) and a remaining lease term of approximately 2.1 years, expiring December 31, 2026. The lease includes a favorable 2% annual rent escalation, ensuring consistent growth in rental income. The asking price is $2,074,074, representing a compelling price per square foot of $232.52 and a projected cap rate of 6.75%. The property consists of one building with one unit, providing ease of management and minimal operational complexities. This is a turnkey investment ideal for those seeking a stable, high-yield asset in a growing market. The property's location in De Motte, Jasper County, Indiana, offers convenient access to major transportation routes and a strong local healthcare demand. The building is well-maintained and presents a professional image, reflecting positively on the tenant and the investment. With a single tenant and a lease option available, this property offers both security and potential for future growth. This is a rare opportunity to acquire a high-quality medical office building with a strong tenant and attractive financial metrics.

    Property Features for 200 3Rd Ct

    General Information

    Property type
    Medical offices
    Square Feet
    8,920 SF

    Building Details

    Buildings
    1
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Okoro Ugochi G ... Family Practice Physician Than Baby M ... Doctor St Anthony Medical ... Doctor Rizos Stephanos MD Doctor DeMotte NorthShore Health ... Medical Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    De Motte
    County
    Jasper
    State
    Indiana
    Longitude
    -87.1973902
    Latitude
    41.201009

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Medical office - Fully Leased Medical Office, High Cap Rate
    Where is this medical office located?
    The property is located at 200 3Rd Ct De Motte, IN.
    What is the asking price?
    The asking price for this property is $2,074,074.
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    200 3Rd Ct De Motte, IN 46310
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    De Motte, IN 46310
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 3Rd Ct De Motte, IN 46310
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