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Property profile & analytics
OFF-MARKET
Medical Office Space

8151 Southport Rd Indianapolis, IN 46259

3,300 SF 3.73 ac lot Built 1991
Property ID
US31-0121856
Property summary
AI-generated overview

This 3,300 sq ft Class A office property in Indianapolis, IN, is situated on a 3.73-acre lot and offers versatile zoning for various commercial uses, including medical, creative, and traditional office spaces. Built in 1991 and renovated in 2013, the property features a main building with five bedrooms, 3.5 baths, two great rooms, two kitchens, an office, and a glass-enclosed patio. Additional structures on the lot provide further potential. The property is currently vacant but benefits from its location near established businesses such as Kroger, McDonald's, and various banks and retail outlets. The surrounding area is experiencing significant residential and commercial growth, with new developments including senior housing and daycare centers. The property's zoning permits a wide range of commercial uses, including medical offices, daycare facilities, and banks. The existing building could be converted into an office space, or potentially subdivided into multiple units. Three adjacent lots, totaling approximately 15 acres, are also zoned for commercial office use, presenting an opportunity for expansion. The property's location in a high-growth area, combined with its flexible zoning and existing infrastructure, makes it an attractive investment opportunity. A lease option for office space may be considered.

Property profile
Verified
Property type Medical Office Space
Year built 1991
Total area 3,300 SF
Lot 3.73 ac (162,479 SF)
UPID US31-0121856
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
  • Early Bird Disposal Inc Corporate Office
  • Momaw/Papaw’s House Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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