Financial
Distress signals
Property profile

8803 N Meridian St Indianapolis, IN 46260

FOR LEASE
Medical Office Space
Property ID
US31-0694311
20,000 SF 1.8 ac lot Built 1982
Last sale Dec 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional medical office opportunity encompasses three buildings situated on the highly trafficked North Meridian Street corridor, offering unparalleled visibility and signage potential. The property boasts a total of ample parking spaces, catering to both patients and staff. Each of the three, three-story buildings features elevators for convenient access. Currently, there are three available spaces ranging from 1,338 to 1,949 square feet, totaling 5,183 square feet of vacant space.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$66k
Tax billed · 2023
Assessed value$2.61M
Assessed land$1.04M
Assessed improvement$1.58M
Effective rate2.54%

Value estimate

· Sep 2026
$365k
$329k – $402k
AI approach$370k
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$5k
Operating expenses−$6k
NOI · 86,175.61% cap applied$18k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
86,175.61%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply19.8
Restaurant17.8
Wholesale Shop17.8

Location

8803 N Meridian St Indianapolis, IN 46260
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 17 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
8414 Naab, Indianapolis, IN 46260-1972 $26,340,601 Dec 2024 88,896 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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