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Property profile & analytics
OFF-MARKET
Office buildings

7914 Shadeland Ave Indianapolis, IN 46250-2034

8,000 SF 0.23 ac lot Built 2005
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US31-0766669
Property summary
AI-generated overview

This 12,813-square-foot medical office building in Indianapolis, Indiana, is available for sale at $2,995,000. Built in 2005, the property boasts high-quality finishes and features 6,552 square feet of divisible second-floor space currently available for lease at $19.95 per square foot per year, NNN. The first floor is occupied by established tenants ATI Therapy and Labcorp. This prime location offers excellent visibility on Shadeland Avenue, across from Community Hospital North, and enjoys easy access to major roadways including I-465, SR 37, Shadeland Avenue, and E 82nd Street. Building signage is available. The property presents a compelling investment opportunity due to its strong tenant base, desirable location, and the potential for lease income generation from the available second-floor space. The building's size and layout allow for flexibility to accommodate a variety of medical practices or related businesses. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving Indianapolis market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2005
Total area 8,000 SF
Lot 0.23 ac (10,150 SF)
Zoning code ZO01
APN 49-02-23-117-008.000-400
UPID US31-0766669
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
  • Deborah L. Anderson, PT Physician
  • Ryan Consulting Group Information Services Business Management Consultant
  • LabCorp DNA Paternity Appointment Line TPA Paternity Testing Service
  • Labcorp Paternity Testing Service Diagnostic Center
  • ATI Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Gertie Properties LLC · 8 yrs held
Gertie Properties LLC
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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