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    OFF-MARKET
    Medical Office Space

    8220 Naab Rd, Indianapolis, IN 46260-5926

    15,000 SF 2.71 ac lot Built 1978
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US31-1256186
    Property summary
    AI-generated overview

    This exceptional medical office building, located at 8220 Naab Road, offers a total of 30,040 square feet of space. Currently, there are two available suites, ranging in size from 1,862 to 11,400 square feet, totaling 13,262 square feet of vacant space. The building enjoys a highly desirable location, situated just off 86th Street and Township Line Road, providing excellent visibility and accessibility. A key advantage is its proximity to St. Vincent Hospital's 86th Street Campus, located directly across the street, making it an ideal location for patient care and related medical services. The building's strategic position also benefits from its proximity to a major healthcare provider, being approximately six miles south of IU Health North. This presents a significant opportunity for medical professionals seeking a well-situated, readily available space within a thriving healthcare environment. The multiple tenancy structure allows for flexibility and potential for a variety of medical practices. The building's size and location make it an attractive investment for both established and emerging medical businesses. This is a rare opportunity to secure prime medical office space in a high-demand area.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1978
    Construction TYPE NOT SPECIFIED
    Total area 15,000 SF
    Lot 2.71 ac (118,226 SF)
    Zoning code ZO01
    APN 49-03-21-125-003.000-800
    UPID US31-1256186
    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
    • Dr. Ian Sando Physician Medical Clinic
    • Peyton Manning Children’s Hospital - Indianapolis Pediatric Sleep Medicine Medical Clinic
    • Dr. Maria R. Ibrahim, MD Physician
    • Knox Anne N MD Physician
    • Heidi Lynn Harris Bromund, MD Pediatrician 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
    by Request
    Owner & transaction history
    Spt Ivey 8220 Naab Rd Mob LLC · 9 yrs held
    Spt Ivey 8220 Naab Rd Mob LLC
    since 2017
    6 recorded transactions
    2024
    2019
    2017
    2014
    2013
    2007
    Zoning & alternative use
    ZO01 · Indianapolis, IN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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