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Property profile & analytics
OFF-MARKET Estimated value $550,000
Medical Office Space

4010 Goeller Blvd Columbus, IN 47201-8307

13,998 SF 0.83 ac lot Built 1998
Entity Owned 5-yr Hold Free & Clear
Property ID
US31-1665160
Property summary
AI-generated overview

This Columbus, Indiana medical office building presents a compelling investment opportunity. Located at 4010 W Goeller Blvd, this Class B property boasts 13,939 total square feet, with 7,575 square feet of net rentable space across one building. Currently 100% occupied by two medical tenants, Everside Medical and Neurohealth, the property offers a strong, stable income stream. Everside Medical commenced a 3-year NNN lease (with two options) in September 2023, while Neurohealth recently renewed their 5-year NNN lease (January 2022), having occupied the space for four years prior. The property features 64 parking spaces and sits on a 0.83-acre lot, zoned for Medical Office and PUD. Built in 1998 and extensively renovated in 2023, the building is in excellent condition. The property includes a full lower level (6,975 sq ft) with existing utilities, presenting potential for future expansion. The asking price is $1,100,000, representing a 6.09% cap rate and a price per square foot of $78.92. Rent bumps are included in the lease agreements. This is a net lease investment with excellent tenants and a strong location in Bartholomew County, Indiana (Zip code 47201). The property is offered for sale by owner.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1998
Construction WOOD
Total area 13,998 SF
Lot 0.83 ac (36,155 SF)
APN 03-95-28-110-000.102-005
UPID US31-1665160
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
  • Alivio Medical Center Columbus Medical Clinic
  • THERAPY ON WHEELS COLUMBUS Medical Clinic
  • Edward Jones Financial Advisor
  • Dr. Josue Villalta Physician Medical Clinic
  • Beeson Janet K Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
$699k
Blend (final) Blend
$550k
Owner & transaction history
Group 4 LLC · 5 yrs held
Group 4 LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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