500 Saraina RdShelbyville, IN 46176
- Retail properties
- 3,600 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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