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Property profile & analytics
FOR LEASE
Medical Office Space

4880 Century Plaza Rd Indianapolis, IN 46254

73,600 SF 6.82 ac lot Built 2003
Entity Owned 22-yr Hold Absentee Owner Free & Clear
Property ID
US31-3573726
Property summary
AI-generated overview

This exceptional 71,031 square foot medical office building is available for lease or sale in Indianapolis, Indiana. Located at 4880 Century Plaza Road, this multi-tenant property offers unparalleled convenience with its immediate proximity to I-65, boasting a daily traffic volume of 65,000 vehicles. The building is currently entirely vacant, presenting a unique opportunity for a single large tenant or multiple smaller tenants to establish a significant presence in a high-traffic area. Key features include a covered patient drop-off area, designed for patient comfort and accessibility, and ample parking to accommodate both staff and patients. The property is situated in Marion County, Indiana, and offers a total of 71,031 square feet of space, making it ideal for a variety of medical practices or healthcare-related businesses. The strategic location and comprehensive amenities make this property an attractive investment opportunity for those seeking a prominent medical office space in a thriving Indianapolis location. The building's size and layout offer significant flexibility for customization to meet the specific needs of potential tenants. This is a rare opportunity to secure a substantial, fully vacant medical office building in a prime location with excellent visibility and accessibility.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2003
Construction TYPE NOT SPECIFIED
Total area 73,600 SF
Lot 6.82 ac (297,218 SF)
Zoning code ZO01
APN 49-06-18-103-021.000-600
UPID US31-3573726
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
  • Peter A. Carey, MD - IU Health Physicians Family and Internal Medicine Pediatrician Physician
  • John Steenbergen, MD Physician
  • Jeffrey J. Couture, MD - IU Health Physicians Internal Medicine & Pediatrics Physician
  • Daniel Robinson, M.D. Ophthalmologist
  • Nilaben Patel, NP - IU Health Physicians Family & Internal Medicine 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
$1.97M
Owner & transaction history
Big 10 LLC · 22 yrs held
Big 10 LLC
since 2004
2 recorded transactions
2004
Price N/A
2004
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Auto repair, garage $3.2M +15.8%
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