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    Property profile & analytics

    16407 Southpark Dr Westfield, IN 46074-8472

    • Medical offices
    • 3,000 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $710,000
    Last Sale
    Nov 09, 2022
    $640,000
    Location Intelligence
    Property ID
    US31-0961667
    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

    • Indy Dental Group / Denture Care Center / Emergency Dental Service
    • Gorman & Bunch Orthodontics / Orthodontist / Cosmetic Dentist
    • Dr. Alexandria Schwei / Dentist
    • Dr. Natalie Eden / Dentist / Practitioner Service Location
    • Philip Hoyt / Dentist / Practitioner Service Location

    Property Details for 16407 Southpark Dr

    Year built
    2005
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    3,000 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    29-09-12-001-001.001-015
    APU
    290912001001001015

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $810,000

    • CAP approach

      CAP return
      Estimation
      6%
      $570,000
      6.5%
      $630,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $640,000
      Geo Method
      $590,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $710,000
      Retail
      $685,000
      Mixed-Use
      $575,000
      Hospitality
      $660,000
      Educational
      $530,000
      Residential Income
      $665,000
      Energy
      $595,000
      Income-Based Land
      $700,000
      Food Service
      $630,000

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1454
    Latitude
    40.0268
    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
    $10,085
    $35,300
    $394,600
    $429,900
    -
    $35,300
    $394,600
    $429,900

    Comparable in this City

    • Value Estimation
      $4,335,000
      14,852 SF

      250 175th St

      MEDICAL BUILDING • 14,852 SF
      250 175th St, Westfield, IN 46074-8934
      View Details
    • Value Estimation by Request
      12,158 SF

      3101 State Rd 32

      MEDICAL BUILDING • 12,158 SF
      3101 State Rd 32, Westfield, IN 46074-8722
      View Details
    • Value Estimation
      $410,000
      6,414 SF

      15229 Westfield Blvd

      MEDICAL BUILDING • 6,414 SF
      15229 Westfield Blvd, Westfield, IN 46074
      View Details
    • Value Estimation
      $325,000
      3,000 SF

      16407 Southpark Dr

      MEDICAL BUILDING • 3,000 SF
      16407 Southpark Dr, Westfield, IN 46074-8472
      View Details
    • Value Estimation
      $435,000
      3,968 SF

      17746 Sun Park Dr

      MEDICAL BUILDING • 3,968 SF
      17746 Sun Park Dr, Westfield, IN 46074-9536
      View Details
    • Value Estimation by Request
      9,744 SF

      380 Jct Xing

      MEDICAL BUILDING • 9,744 SF
      380 Jct Xing, Westfield, IN 46074-7852
      View Details

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    Similar Nearby for Lease

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      Westfield Mixed-Use Development Opportunity

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      View Details
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      Westfield Office Space Available

      Office property available for lease in Westfield, Indiana.
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      Commercial Space in Westfield, Indiana

      Commercial space available for rent in Westfield, Indiana.
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      View Details
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    Westfield, IN 46074-8472
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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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