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Property profile & analytics
FOR LEASE
Medical Office Space
2920 S Mcintire Dr, Bloomington, IN 47403
Entity Owned
13-yr Hold
Free & Clear
Property ID
US31-1281464
For Lease
1 / 3
$26 SF/Yr
2920 S Mcintire Dr, Bloomington, IN 47403
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Property summary
AI-generated overview
This exceptional Class A medical office building, located at 2920 S McIntire Dr, Bloomington, IN 47403, offers 44,480 square feet of space in a multi-tenant setting. Built in 1994, the three-story building sits on a 217,800 square foot lot and currently has 12,953 square feet of vacant space available, with individual suites ranging from 1,590 to 11,363 square feet. Its strategic location just east of State Road 37, off Tapp Road, provides convenient access to major healthcare facilities. The building is less than four miles from Monroe Hospital and Indiana University Bloomington Hospital, and is directly attached to the Indiana University Health Surgery Center, making it an ideal location for medical professionals. Amenities include ample covered drop-off areas and expansive parking. The property boasts a competitive rental structure and is situated in Monroe County (APN: 53-08-18-200-009.00-009). This presents a unique opportunity for medical practices seeking a high-visibility, well-equipped space in a thriving healthcare hub.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
45,927 SF
Lot
3.93 ac (171,191 SF)
APN
53-08-18-201-003.000-009
UPID
US31-1281464
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Ga Hc Reit II Bloomington Mob LLC · 13 yrs held
Ga Hc Reit II Bloomington Mob LLC
since 2013
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.2M
+5.8%
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 Bloomington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomington 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
$2,075,000
Current use
INDUSTRIAL (GENERAL)
$2,195,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,715,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$36 / 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
$111,762
Tax year 2023
Assessed value
$6,371,600
Assessed 2023
Previous assessed
$6,371,600
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$491,300
Assessed improvement
$5,880,300
Land market value
$491,300
Improvement market value
$5,880,300
Total market value
$6,371,600
Applied tax rate
9.0000
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
1994
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
45,927 SF
Lot
3.93 ac (171,191 SF)
APN
53-08-18-201-003.000-009
UPID
US31-1281464
Jurisdiction
MONROE
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
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.7M
MEDICAL BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1994
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
3.93 ac
Current owner
From public records · entity-resolved
Ga Hc Reit II Bloomington Mob LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2019
—
Ga Hc Reit II Bloomington Mob LLC
—
Deed
related
$102,500,000 · Deutsche Bank
May 8, 2013
—
Ga Hc Reit II Bloomington Mob LLC
Southern Indiana Medical Office Bui
Special 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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