Back to Search
Property profile & analytics
OFF-MARKET
Medical Office Space
12050 Michigan Rd Zionsville, IN 46077-8782
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-0883621
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
WOOD
Total area
4,432 SF
Lot
0.84 ac (36,590 SF)
Zoning code
ZO01
APN
06-08-36-000-001.006-006
UPID
US31-0883621
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dina G. Palmer, PA Physician
-
Booth Dermatology and Med Spa Cosmetics Industry Dermatologist
-
Dr. Ellen T. Antoine, MD Physician
-
Dr John Randall Physician Medical Clinic
-
Matthew Bradley Strausburg Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mrmp LLC · 6 yrs held
Mrmp LLC
since 2019
4 recorded transactions
Zoning & alternative use
ZO01 · Zionsville, IN
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Zionsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zionsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,928
Tax year 2023
Assessed value
$690,000
Assessed 2023
Previous assessed
$690,000
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$84,000
Assessed improvement
$606,000
Land market value
$84,000
Improvement market value
$606,000
Total market value
$690,000
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,432 SF
Lot
0.84 ac (36,590 SF)
Zoning code
ZO01
APN
06-08-36-000-001.006-006
UPID
US31-0883621
Jurisdiction
BOONE
Zoning & alternative use
ZO01 · Zionsville, INZoning ZO01 · permitted uses
ZO01 · Zionsville, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 194: ZONING
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Mrmp LLC
Entity
Mailing address
2775 S 875TH E, ZIONSVILLE, IN 46077-9429
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2019
—
Mrmp LLC
Fountain Square Realty LLC
Warranty Deed
$290,000 · Centier Bank
Sep 20, 2017
$750,000
Fountain Square Realty LLC
Indiana Medical Weight Loss LLC
Deed
—
Jun 20, 2014
—
Indiana Medical Weight Loss LLC
Forty-one Corp
Special Warranty Deed
$423,000 · Mainsource Bank
Dec 28, 2012
$416,473
Subject To The United States Of Ame
Whaley Property Management LLC
Sheriffs Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12050 Michigan Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
