Property profile

8220 Naab Rd Indianapolis, IN 46260

OFF-MARKET
Medical Office Space
Property ID
US31-1256186
15,000 SF 2.71 ac lot Built 1978
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office building, located at 8220 Naab Road, offers a total of 30,040 square feet of space. Currently, there are two available suites, ranging in size from 1,862 to 11,400 square feet, totaling 13,262 square feet of vacant space. The building enjoys a highly desirable location, situated just off 86th Street and Township Line Road, providing excellent visibility and accessibility. A key advantage is its proximity to St. Vincent Hospital's 86th Street Campus, located directly across the street, making it an ideal location for patient care and related medical services. The building's strategic position also benefits from its proximity to a major healthcare provider, being approximately six miles south of IU Health North. This presents a significant opportunity for medical professionals seeking a well-situated, readily available space within a thriving healthcare environment. The multiple tenancy structure allows for flexibility and potential for a variety of medical practices. The building's size and location make it an attractive investment for both established and emerging medical businesses. This is a rare opportunity to secure prime medical office space in a high-demand area.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1978
Construction TYPE NOT SPECIFIED
Total area 15,000 SF
Lot 2.71 ac (118,226 SF)
Zoning code ZO01
APN 49-03-21-125-003.000-800
UPID US31-1256186

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Medical Clinic
  • Physician
  • Physician
  • Pediatrician Physician

Location

8220 Naab Rd Indianapolis, IN 46260-5926
Indianapolis metro Census 320108 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2017
6 recorded transactions
2024
Price N/A
2019
Price N/A
2017
Price N/A
2014
Price N/A
2013
Price N/A
2007
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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