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    Property profile & analytics

    1315 Arlington Ave Indianapolis, IN 46219-3204

    • Medical offices
    • 22,872 SF
    • 2.47 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Location Intelligence
    Property ID
    US31-0679308
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Community Heart & Vascular: Robertson Michael A MD / Cardiologist
    • Renee Strohl / Nurse Practitioner / Registered General Nurse
    • Indiana Nephrology And Internal Medicine / Dentist
    • Community Heart & Vascular: Dube Sandeep MD / Cardiologist
    • Jane Pauley Community Health Center, Arlington Avenue / Medical Center / Doctor

    Property Details for 1315 Arlington Ave

    Year built
    1983
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.47 lot acres
    Property size
    22,872 SF
    Zone code
    ZO01
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    49-07-35-106-071.000-701
    APU
    490735106071000701

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $515,000
      6.5%
      $520,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $545,000
      Geo Method
      $615,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $575,000
      Retail
      $615,000
      Mixed-Use
      $650,000
      Hospitality
      $530,000
      Educational
      $585,000
      Residential Income
      $500,000
      Energy
      $625,000
      Income-Based Land
      $605,000
      Food Service
      $615,000

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0637
    Latitude
    39.7863
    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
    $8,034
    $137,600
    $156,200
    $293,800
    -
    $137,600
    $156,200
    $293,800

    Comparable in this City

    • Value Estimation
      $75,000
      12,725 SF

      1201 Post Rd Ste, Unit 4

      MEDICAL BUILDING • 12,725 SF
      1201 Post Rd Ste, Indianapolis, IN 46219-4225
      View Details
    • Value Estimation
      $330,000
      6,000 SF

      1201 Arlington Ave

      MEDICAL BUILDING • 6,000 SF
      1201 Arlington Ave, Indianapolis, IN 46219-3202
      View Details
    • Value Estimation
      $285,000
      5,166 SF

      115 Shortridge Rd

      MEDICAL BUILDING • 5,166 SF
      115 Shortridge Rd, Indianapolis, IN 46219-4916
      View Details
    • Value Estimation
      $195,000
      3,438 SF

      64 Franklin Rd

      MEDICAL BUILDING • 3,438 SF
      64 Franklin Rd, Indianapolis, IN 46219-5208
      View Details
    • Value Estimation
      $325,000
      7,548 SF

      6635 21st St

      MEDICAL BUILDING • 7,548 SF
      6635 21st St, Indianapolis, IN 46219-2254
      View Details
    • Value Estimation by Request
      0.12 Acres

      20 Belmar Ave

      MEDICAL BUILDING • 0.12 Acres
      20 Belmar Ave, Indianapolis, IN 46219-5218
      View Details

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    Similar Nearby for Lease

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      Office suites available in a convenient location.
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    • Contact for pricing
      2 SF

      Mixed-Use Property with C-5 Zoning

      Mixed-use property with retail, office, and storage near I-465.
      471 South Ritter Ave, Indianapolis, IN 46219
      View Details
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    Indianapolis, IN 46219-3204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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