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    Property profile & analytics

    2116 Park Ave Alexandria, IN 46001-8048

    • Medical offices
    • 2.23 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US31-1887728
    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 Hospital-Anderson / Medical Laboratory
    • Haag David E MD / Family Practice Physician
    • Shana Carmin / Nurse Practitioner
    • Jennifer Howie / Nurse Practitioner
    • Troy Allen Abbott / Family Practice Physician

    Property Details for 2116 Park Ave

    Lot size
    2.23 lot acres
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    48-06-30-300-091.000-022
    APU
    480630300091000022

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $185,000
      6.5%
      $210,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $185,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $165,000
      Retail
      $165,000
      Mixed-Use
      $200,000
      Hospitality
      $175,000
      Educational
      $195,000
      Residential Income
      $195,000
      Energy
      $185,000
      Income-Based Land
      $210,000
      Food Service
      $180,000

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Madison
    State
    Indiana
    Longitude
    -85.6703
    Latitude
    40.2395
    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
    $1,727
    $52,300
    $0.00
    $52,300
    -
    $52,300
    $0.00
    $52,300

    Comparable in this City

    • Value Estimation
      $305,000
      5,656 SF

      111 Harrison St

      MEDICAL BUILDING • 5,656 SF
      111 Harrison St, Alexandria, IN 46001-2021
      View Details
    • Value Estimation
      $390,000
      6,053 SF

      2012 Park Ave

      MEDICAL BUILDING • 6,053 SF
      2012 Park Ave, Alexandria, IN 46001-8194
      View Details
    • Value Estimation
      $355,000
      11,740 SF

      121 Washington St

      MEDICAL BUILDING • 11,740 SF
      121 Washington St, Alexandria, IN 46001-1809
      View Details
    • Value Estimation
      $200,000
      2,673 SF

      1809 Park Ave

      MEDICAL BUILDING • 2,673 SF
      1809 Park Ave, Alexandria, IN 46001-8198
      View Details
    • Value Estimation by Request
      6,380 SF

      2116 Park Ave

      MEDICAL BUILDING • 6,380 SF
      2116 Park Ave, Alexandria, IN 46001-8048
      View Details
    • Value Estimation
      $715,000
      4,057 SF

      2204 Park Ave

      MEDICAL BUILDING • 4,057 SF
      2204 Park Ave, Alexandria, IN 46001-8059
      View Details

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      Restaurant/bar with transferable liquor license and updated features for sale.
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    • Contact for pricing
      4,411 SF

      Retail Space in Alexandria, Indiana

      Retail space available for sale in Alexandria, Indiana.
      202 N Harrison St, Alexandria, IN 46001
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    • $1,145,000

      Retail Property in Alexandria, IN

      Retail property for sale in Alexandria, Indiana.
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    Similar Nearby for Lease

    • $2,572 /Mo
      2,400 SF

      Office Space Available For Rent

      Office space available for lease in Alexandria, Indiana.
      2211 S Park Ave, Alexandria, IN 46001
      View Details
    • $9 SF/Yr
      10,049 SF

      Prime Alexandria Retail Space

      1,896 SF Storefront Available Now
      1111 Park Ave, Alexandria, IN 46001
      View Details
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    Alexandria, IN 46001-8048
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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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