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Property profile & analytics
OFF-MARKET
Medical Office Space

1700 State St New Albany, IN 47150-4916

8,146 SF 0.43 ac lot Built 1983
Entity Owned ~ Est. High Equity
Property ID
US31-2146307
Property summary
AI-generated overview

This 2,500 square foot medical office space, part of a four-unit retail/office strip center, is ideally situated adjacent to Baptist Hospital in Floyd County. The property boasts convenient onsite parking directly in front of the unit, ensuring easy access for patients and staff. Excellent signage opportunities are also available, enhancing visibility and brand recognition. Built in 1983, this single-tenant space is part of a larger 8,146 square foot building situated on a substantial 810,216,000 square foot lot (APN: 22-05-03-400-374.000-008). The property's location makes it perfect for medical practices, but its flexible zoning also allows for retail uses. A flexible lease is available, and rent-to-own options may be considered. The monthly rent for this space is $3,750. This presents a unique opportunity to establish a thriving practice or business in a high-traffic, high-visibility location. The property is classified as Retail, Office, with a subtype of Medical Office, Commercial, and Strip Center.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction WOOD
Total area 8,146 SF
Lot 0.43 ac (18,600 SF)
APN 22-05-03-400-374.000-008
UPID US31-2146307
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
  • Floyd Memorial Physical Rehabilitation Medical Clinic
  • Cleanse Clinic New Albany Medical Clinic
  • Sarah Thomas Physician
  • New Albany Discount Porta Potty Rental Waste Management Facility Hazardous Waste Disposal
  • Michelle Curtis Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Indiana Property Investments LLC
Indiana Property Investments LLC
since 2025
5 recorded transactions
2025
Price N/A
2022
Price N/A
2022
Price N/A
2022
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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