You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Medical Office Space

2500 Parkway Dr Shelbyville, IN 46176

6,105 SF 0.62 ac lot Built 2002
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US31-2239710
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied, 5,940 square foot medical office building situated at 2500 Parkway Drive, Shelbyville, Indiana. Built in 2004 as a build-to-suit for Fresenius Medical Care, a leading provider of kidney dialysis services, this single-tenant property boasts a 100% occupancy rate and a strong 9.02% cap rate, generating a net operating income (NOI) of $107,484. The property is situated on a 0.62-acre lot and includes 32 parking spaces, crucial for patient and staff convenience. The building's design is specifically tailored to the needs of a dialysis center, ensuring optimal functionality and patient comfort. Located within the Indianapolis MSA, this property benefits from Shelbyville's diverse economy and easy access to Interstate 74, providing excellent visibility and convenient access for patients and staff. The long-term lease with Fresenius Medical Care provides a stable and predictable income stream, making this a low-risk investment with significant potential for appreciation. The property features a single story, with permitted zoning as BG. The asking price is $1,190,000, translating to $200.34 per square foot. This fee-simple ownership opportunity offers a secure investment in the essential healthcare sector. The facility operates at full capacity, with twelve operating stations on a full three-shift schedule, six days a week. This consistent operation ensures a reliable income stream for the investor. The property's prime location and essential healthcare tenant make it an attractive investment for those seeking stability and growth in the healthcare real estate market.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Construction WOOD
Total area 6,105 SF
Lot 0.62 ac (27,007 SF)
APN 73-11-03-300-001.000-002
UPID US31-2239710
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
  • Fresenius Kidney Care Shelby County Medical Clinic
  • Bloom Ronald MD Physician
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
Shelbyville Medical Office Facility · 6 yrs held
Shelbyville Medical Office Facility
since 2019
4 recorded transactions
2019
Price N/A
2018
Price N/A
2018
Price N/A
2015
$475,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message