8240 Naab Rd Indianapolis, IN 46260-5927
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.
-
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.