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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Medical Office Space
14745 Commerce Rd, Daleville, IN 47334-9513
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-0455804
Property summary
AI-generated overview
This 6,000 square foot, free-standing medical office building is located at 14745 W Commerce Rd, Daleville, IN 47334. Built in 2019 as a build-to-suit project for American Health Network, a wholly-owned subsidiary of Optum, this property offers a 15-year net lease with approximately 10 years remaining. The asking price is $2,400,000, and the current Net Operating Income (NOI) is $179,916 annually. The property sits on a 2.34-acre lot and is ideally suited for a 1031 exchange. The existing financing features a highly attractive 3.25% fixed rate and is assumable. This investment presents a rare opportunity to acquire a stable, net-leased medical office building with a credit tenant and significant remaining lease term. The property boasts 100% occupancy and is situated in Delaware County, Indiana.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Construction
WOOD
Total area
5,856 SF
Lot
2.34 ac (101,930 SF)
APN
18-13-12-400-048.000-026
UPID
US31-0455804
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
-
Optum Primary Care - Daleville Medical Clinic
-
Caleb R Overpeck, MD Pediatrician Physician
-
Allison Goetz, DO Pediatrician Physician
-
Rebecca Phipps, NP Pediatrician Physician
-
Timm Timm Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$595k
Owner & transaction history
Primetime Healthcare Investors LLC · 1 yrs held
Primetime Healthcare Investors LLC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$545,000
+36.5%
Auto repair, garage
$525,000
+31.6%
Retail stores
$480,000
+20.7%
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 Daleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daleville 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
Method
Estimation
Statistic approach
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$400,000
Current use
RESTAURANT
$545,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$525,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$480,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$390,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / SF
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
$20,430
Tax year 2023
Assessed value
$694,200
Assessed 2023
Previous assessed
$694,200
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$117,200
Assessed improvement
$577,000
Land market value
$117,200
Improvement market value
$577,000
Total market value
$694,200
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2019
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,856 SF
Lot
2.34 ac (101,930 SF)
APN
18-13-12-400-048.000-026
UPID
US31-0455804
Jurisdiction
DELAWARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$400,000
RESTAURANT
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$525,000
RETAIL STORES
Est. value
$480,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$390,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Primetime Healthcare Investors LLC
Entity
Free & Clear · 1 yrs held
Mailing address
10201 N ILLINOIS ST STE #400, CARMEL, IN 46290-1153
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
Primetime Healthcare Investors LLC
Daleville Investors LLC
Special Warranty Deed
—
Nov 27, 2018
—
Daleville Investors LLC
Beb Ventures LLC
Warranty Deed
—
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.
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