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Property profile & analytics
FOR LEASE
Medical Office Space
18077 River Rd Noblesville, IN 46062
Entity Owned
12-yr Hold
Free & Clear
Property ID
US31-0316163
For Lease
1 / 5
$2,735,000
18077 River Rd, Noblesville, IN 46062
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
TYPE NOT SPECIFIED
Total area
41,472 SF
Lot
2.96 ac (128,938 SF)
APN
29-06-36-001-003.000-013
UPID
US31-0316163
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
-
Ameriserve LLC Roofing Company General Contractor
-
River Edge Professional Center Medical Clinic
-
John Klim Physician
-
Dana Mirman Physician
-
Lisa M Conner, NP Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.74M
Owner & transaction history
Vision Properties LLP · 12 yrs held
Vision Properties LLP
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+12.3%
Retail stores
$4.0M
+10.4%
Warehouse, storage
$3.7M
+1.7%
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 Noblesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Noblesville 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,630,000
Current use
AUTO REPAIR, GARAGE
$4,075,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$4,010,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,690,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,965,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±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
$66 / 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
$85,716
Tax year 2023
Assessed value
$4,467,500
Assessed 2023
Previous assessed
$4,467,500
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$651,100
Assessed improvement
$3,816,400
Land market value
$651,100
Improvement market value
$3,816,400
Total market value
$4,467,500
Applied tax rate
13.0000
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
For Lease
Year built
2004
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
41,472 SF
Lot
2.96 ac (128,938 SF)
APN
29-06-36-001-003.000-013
UPID
US31-0316163
Jurisdiction
HAMILTON
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
$3.6M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2004
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
2.96 ac
Current owner
From public records · entity-resolved
Vision Properties LLP
Entity
Free & Clear · 12 yrs held
Mailing address
18077 RIV RD STE #102, NOBLESVILLE, IN 46062-8311
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2019
—
Riveredge Prof Ctr LLC
—
Grant Deed
related
$1,144,000 · First Merchants Bk
Mar 18, 2019
—
Riveredge Professional Center LLC
—
Deed
related
$900,000 · First Merchants Bank
Jan 26, 2015
—
Vision Properties LLP
—
Trustees Deed
related
$840,000 · First Merchants Bk
Nov 15, 2013
—
Vision Properties LLP
River Edge Prof Center LLC
Warranty Deed
related
—
Aug 15, 2011
—
Riveredge Professional Center
Kozel,paul L
Grant Deed
—
—
—
Vision Properties LLP
—
Deed Of Trust
related
$1,050,000 · First Merchants Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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