Property profile

1040 Greenwood Spgs Blvd Greenwood, IN 46143

OFF-MARKET
Medical Office Space
Property ID
US31-0629519
18,312 SF 2.41 ac lot Built 2006
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Construction TYPE NOT SPECIFIED
Total area 18,312 SF
Lot 2.41 ac (104,892 SF)
APN 41-02-27-032-003.000-025
UPID US31-0629519

Cap rate & NOI

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

Location

1040 Greenwood Spgs Blvd Greenwood, IN 46143-7975
Greenwood metro Census 610201 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.53M
CAP Approach CAP
$3.36M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.66M

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2023
$2.7M
2022
$2.7M
2006
Price N/A
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $2.1M +172.0%
Neighborhood: shopping center $1.7M +121.5%

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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