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Property profile & analytics
OFF-MARKET Estimated value $610,000
Medical Office Space

8240 Naab Rd Indianapolis, IN 46260-5927

44,484 SF 3.8 ac lot Built 1991
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US31-0953238
Property summary
AI-generated overview

This exceptional Class B medical office building, located at 8240 Naab Rd in Indianapolis, Indiana, presents a compelling investment opportunity. The property boasts a total of 58,341 square feet, situated on a substantial 165,528 square foot lot. Built in 1978, the building currently features multiple tenancies, with a significant amount of space available for lease. A total of 27,499 square feet is currently vacant, offering immediate potential for expansion or new tenants. The available spaces range in size from 1,711 square feet to 10,763 square feet, catering to a variety of medical practices and businesses. The property's prime location in Indianapolis, zip code 46260, provides excellent access to major transportation routes and a thriving medical community. This presents a unique chance to acquire a well-established medical office building with substantial vacancy, allowing for immediate income generation and long-term growth potential. The property's size and layout offer flexibility for various medical uses, making it an attractive option for both established practices and new ventures. The substantial lot size also provides ample parking and potential for future development. This is an ideal opportunity for investors seeking a strong return in the Indianapolis medical real estate market.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1991
Construction TYPE NOT SPECIFIED
Total area 44,484 SF
Lot 3.8 ac (165,528 SF)
APN 49-03-21-125-001.000-800
UPID US31-0953238
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
  • Johnson Family Dentistry, LLC Dental Office
  • Urology of Indiana Medical Clinic Physician
  • Magnificat Family Medicine LLC Medical Clinic
  • Lifetime Imaging Medical Clinic
  • Midwest Ear Institute Medical Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$670k
CAP Approach CAP
by Request
Comparable Approach Comparable
$551k
Blend (final) Blend
$610k
Owner & transaction history
Spt Ivey 8220 Naab Rd Mob LLC · 9 yrs held
Spt Ivey 8220 Naab Rd Mob LLC
since 2017
4 recorded transactions
2019
Price N/A
2017
Price N/A
2014
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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