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Property profile & analytics
OFF-MARKET
Medical Office Space

8803 Meridian St Indianapolis, IN 46260-5317

20,000 SF 1.8 ac lot Built 1982
Entity Owned ~ Est. High Equity
Property ID
US31-0694311
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. The location is strategically positioned between Ascension St. Vincent Indianapolis Hospital and IU Health North Hospital, placing the property within a thriving healthcare hub. Easy access to I-465 ensures convenient commutes for patients and employees alike. Numerous nearby amenities further enhance the appeal of this exceptional investment opportunity. The high visibility and convenient location make this property ideal for a variety of medical practices seeking a prominent presence in a densely populated, healthcare-focused area. This is a rare chance to acquire a well-established medical office complex with significant growth potential.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Construction TYPE NOT SPECIFIED
Total area 20,000 SF
Lot 1.8 ac (78,582 SF)
Zoning code ZO01
APN 49-03-14-129-008.000-800
UPID US31-0694311
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
  • Youkilis Robert A MD Physician
  • Michele C. Cabellon, MD - IU Health Physicians Kidney Health Physician Medical Clinic
  • Deborah Darby L. Sturtevant, NP - IU Health Physicians Kidney Health Physician Medical Clinic
  • Sharon L. Karp, MD - IU Health Physicians Kidney Health Physician Medical Clinic
  • Katherine L. Walker, NP - IU Health Physicians Kidney Health Physician Medical Clinic
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
In Meridian LLC
In Meridian LLC
since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2022
Price N/A
2020
Price N/A
2018
Price N/A
2015
Price N/A
2007
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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