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    8240 Naab Rd Indianapolis, IN 46260

    For Lease
    $24 SF/Yr

    58,341 SF, Multiple Tenancies Available

    Lot size:
    58,341 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class B medical office building, located at 8240 Naab Rd in Indianapolis, Indiana, presents a compelling investment opportunity. The property boasts a total of 58,341 square feet, situated on a substantial 165,528 square foot lot. Built in 1978, the building currently features multiple tenancies, with a significant amount of space available for lease. A total of 27,499 square feet is currently vacant, offering immediate potential for expansion or new tenants. The available spaces range in size from 1,711 square feet to 10,763 square feet, catering to a variety of medical practices and businesses. The property's prime location in Indianapolis, zip code 46260, provides excellent access to major transportation routes and a thriving medical community. This presents a unique chance to acquire a well-established medical office building with substantial vacancy, allowing for immediate income generation and long-term growth potential. The property's size and layout offer flexibility for various medical uses, making it an attractive option for both established practices and new ventures. The substantial lot size also provides ample parking and potential for future development. This is an ideal opportunity for investors seeking a strong return in the Indianapolis medical real estate market.

    Property Features for 8240 Naab Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    58,341 SF
    Class
    B
    Total Rate
    116682

    Building Details

    Year Built
    1978

    Unit(s) available at that property

    Space
    Suite 320
    Size
    3,588 SF
    Rate per SF
    $24
    Space
    Suite 300
    Size
    3,868 SF
    Rate per SF
    $24
    Space
    Suite 360
    Size
    1,711 SF
    Rate per SF
    $24
    Space
    Suite 450
    Size
    5,691 SF
    Rate per SF
    $24
    Space
    Suite 200 & 220
    Size
    10,763 SF
    Rate per SF
    $24

    HighLights

    • 58,341 SF Class B medical office building in Indianapolis, IN.
    • Excellent location near 86th Street and Township Line Road.
    • Across from St. Vincent Hospital 86th Street Campus, ~6 miles from IU Health North Campus.
    • Competitive rental rates and tenant improvement allowances available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Johnson Family Dentistry, ... Dental Clinic Urology of Indiana Urology Clinic Magnificat Family Medicine ... Medical Clinic Lifetime Imaging Medical Diagnostic Imaging Center Midwest Ear Institute Otolaryngology Clinic

    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
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1996879
    Latitude
    39.9065016

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    FAQs

    What type of property is this?
    Medical office - 58,341 SF, Multiple Tenancies Available
    Where is this medical office located?
    The property is located at 8240 Naab Rd Indianapolis, IN.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 58,341 SF Class B medical office building in Indianapolis, IN.; Excellent location near 86th Street and Township Line Road.; Across from St. Vincent Hospital 86th Street Campus, ~6 miles from IU Health North Campus.
    Request Owner's contact information
    8240 Naab Rd Indianapolis, IN 46260
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    Indianapolis, IN 46260
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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
    8240 Naab Rd Indianapolis, IN 46260
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