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Property profile & analytics

16848 Southpark Dr Westfield, IN 46074-8131

  • Office Properties & Spaces
  • 10,500 SF
  • 1.29 lot acres
OFF-MARKET
Value Estimation
$665,000
Last Sale
May 20, 2021
Location Intelligence
Property ID
US31-0353004
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

  • Carpenter Realtors Westfield / Real Estate Agency / Real Estate Agent
  • Distinctive Dental Arts / Dental Laboratory
  • Milton Brinza / Chiropractor
  • The Escape Room USA Westfield / Escape Room Center
  • Brinza Spine and Sport / Chiropractor

Property Details for 16848 Southpark Dr

Year built
2002
Construction
TYPE NOT SPECIFIED
Lot size
1.29 lot acres
Property size
10,500 SF
Property type
Office Properties & Spaces
APN
29-09-01-000-021.702-015
APU
290901000021702015

Description

This exceptional 890-square-foot executive office suite is situated within a 10,500-square-foot, single-story building in Westfield, Indiana's Southpark Industrial Park. Located at 16848 Southpark Drive, Unit 400, this Class B property, built in 2002, boasts a convenient location less than a quarter-mile west of Meridian Street and south of 169th Street. The suite features a private entrance and ample parking, ideal for employees and clients. Inside, you'll find a well-designed layout including a private office and open flex space, perfect for a variety of professional uses, including medical or office settings. The space offers a 10-foot ceiling height. The property sits on a 1.29-acre lot and is zoned for enclosed industrial use. Its strategic location provides easy access to major roadways, including Interstate 465 (7 miles away), and is within close proximity to Grand Park (3 miles), restaurants, retail establishments, banks, and gas stations. This is a rare opportunity to secure a well-appointed office space in a thriving commercial area. The Hamilton County location offers a strong business environment. The property features one building with no elevators. The APN is 290901000021702015.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $730,000
  • CAP approach

    CAP return
    Estimation
    6%
    $595,000
    6.5%
    $660,000
    7%
    $630,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $670,000
    Geo Method
    $600,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $720,000
    Retail
    $685,000
    Mixed-Use
    $760,000
    Hospitality
    $765,000
    Educational
    $600,000
    Residential Income
    $600,000
    Energy
    $670,000
    Income-Based Land
    $670,000
    Food Service
    $560,000

Location Insight

  • Map
  • Local Demand
City
Westfield
County
Hamilton
State
Indiana
Longitude
-86.1386
Latitude
40.032
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
$26,571
$180,600
$957,300
$1,137,900
-
$180,600
$957,300
$1,137,900
More about this property
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