500 Saraina RdShelbyville, IN 46176

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $585,931

  6.5%

  $540,859

  7%

  $502,226

• Comparable approach

  Method

  Valuation

  Relative Method

  $464,967

  Geo Method

  $464,967

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,029,880

  Mixed-Use / Specialty

  $548,973

  Hospitality / Lodging

  $415,838

  Office

  $556,171

  Institutional / Educational

  $574,300

  Residential Income

  $671,931

  Multifamily

  $750,206

  Automotive / Energy

  $492,257

  Parking / Income-Based Land

  $159,951

  Restaurant / Food Service

  $306,957

  Healthcare / Senior Housing

  $552,664

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

FAQs

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