500 Saraina RdShelbyville, IN 46176

  • Retail properties
  • 3,600 SF
For Lease

Property Details for 500 Saraina Rd

Year built
2000
Construction
WOOD
Lot size
0.73 AC
Property size (Sq ft)
3,600 SF
Property type
Retail properties
Property subtype
Retail space
APN
73-11-04-100-139.000-002
APU
731104100139000002

Description

This exceptional medical office building, located at 500-504 Saraina Rd in Shelby County, presents a fantastic opportunity for healthcare professionals. The property boasts a total of 3,600 square feet, divided into three individual suites, offering flexibility for various medical practices or a single large tenant. Currently, one suite of 2,000 square feet is immediately available, providing ample space for expansion or relocation. The building is zoned for Commercial Retail and Office use, ensuring versatility and potential for future development. The multiple-tenancy structure allows for a diverse range of medical services to coexist, creating a synergistic environment. This prime location in Shelby County offers excellent visibility and accessibility, making it an ideal choice for attracting patients and establishing a thriving medical practice. The building's layout is designed to accommodate the specific needs of medical offices, with ample space for examination rooms, waiting areas, and administrative offices. This is a rare opportunity to acquire a well-maintained and strategically located medical office building in a high-demand area. Serious inquiries are encouraged to explore this exceptional property further. Don't miss out on this chance to secure your ideal medical office space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $781,502
    6.5%
    $721,387
    7%
    $669,859
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,126,652
    Geo Method
    $1,126,652
  • Alternative Use

    Use
    Valuation
    Residential
    $608,517
    Hospitality
    $557,398
    Educational
    $463,749
    Medical
    $479,698
    Retail
    $721,387
500 Saraina Rd, Shelbyville, Indiana

Location Insight

City
Shelbyville
County
Shelby
State
Indiana
Latitude
39.5185
Longitude
-85.7526
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,073
$146,000
$179,300
$325,300
-
$146,000
$179,300
$325,300

FAQs

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