Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    370 Medical Dr Carmel, IN 46032-2916

    • Medical offices
    • 11,757 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimation
    $555,000
    Location Intelligence
    Property ID
    US31-0708063
    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

    • Indiana Restorative Dentistry - Tyler J Thomas DMD MSD / Prosthodontist / Cosmetic Dentist
    • Rearick Angie / Dentist
    • Wetli Erica / Dentist
    • Carmel Family Dentistry - Dr. Jessica Worthington / Dentist
    • Johnson Janet / Dentist

    Property Details for 370 Medical Dr

    Year built
    1977
    Construction
    WOOD
    Lot size
    1.30 lot acres
    Property size
    11,757 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    29-10-31-000-016.005-018
    APU
    291031000016005018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $530,000
      6.5%
      $560,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $545,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $570,000
      Retail
      $530,000
      Mixed-Use
      $480,000
      Hospitality
      $575,000
      Educational
      $600,000
      Residential Income
      $610,000
      Energy
      $570,000
      Income-Based Land
      $535,000
      Food Service
      $565,000

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1206
    Latitude
    39.9608
    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
    $17,001
    $422,500
    $420,800
    $843,300
    -
    $422,500
    $420,800
    $843,300

    Comparable in this City

    • Value Estimation by Request
      12,344 SF

      1185 Carmel Dr

      MEDICAL BUILDING • 12,344 SF
      1185 Carmel Dr, Carmel, IN 46032-8706
      View Details
    • Value Estimation
      $465,000
      3,036 SF

      266 Medical Dr

      MEDICAL BUILDING • 3,036 SF
      266 Medical Dr, Carmel, IN 46032-2944
      View Details
    • Value Estimation by Request
      88,335 SF

      12188 Meridian St Sta, Unit A

      MEDICAL BUILDING • 88,335 SF
      12188 Meridian St Sta, Carmel, IN 46032-4578
      View Details
    • Value Estimation by Request
      47,723 SF

      13219 Meridian St

      MEDICAL BUILDING • 47,723 SF
      13219 Meridian St, Carmel, IN 46032-5480
      View Details
    • Value Estimation by Request
      47,562 SF

      13400 Meridian St

      MEDICAL BUILDING • 47,562 SF
      13400 Meridian St, Carmel, IN 46032-7102
      View Details
    • Value Estimation by Request
      11,725 SF

      725 Lakefront Ct

      MEDICAL BUILDING • 11,725 SF
      725 Lakefront Ct, Carmel, IN 46032-5893
      View Details

    Similar Nearby for Sale

    • $3,000,000
      4,800 SF

      Downtown Carmel Office/Retail Gem

      4,800 SF Class A Office & Retail Space
      30 1St St, Carmel, IN 46032
      View Details
    • Contact for pricing
      8,700 SF

      Carmel Drive Office/Medical Space

      Prime location with great visibility and impressive demographics.
      277 E Carmel Dr | Carmel, Carmel, IN 46032
      View Details
    • $400,000
      Pending

      Carmel Office Property For Sale

      Commercial property in Carmel, Indiana, suitable for office conversion.
      3750 W 97Th St, Carmel, IN 46032
      View Details
    • $400,000
      Pending

      Carmel Land Ready For Development

      Carmel property designated for commercial development, sold as commercial.
      3744 W 97Th St, Carmel, IN 46032
      View Details
    • $11,000,000
      84,963 SF

      Two-Building Office Portfolio in Carmel

      Two-building office portfolio totaling ±84,963 RSF on 7.64 acres.
      11405-11495 N Pennsylvania St, Carmel, IN 46032
      View Details
    • $3,523,000
      5.42 Acres

      Highpointe on Meridian Land

      5.42 Acres Office Land in Carmel, IN
      0 Illinois St, Carmel, IN 46032
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      3,273 SF

      Carmel Medical Office Space Available

      Medical office space for lease near Ascension St. Vincent Carmel.
      13421 Old Meridian St, Carmel, IN 46032
      View Details
    • $18 SF/Yr
      45,255 SF

      Carmel Executive Suites: Prime Location

      Class A Office Space, Multiple Suites Available
      755 Carmel Dr, Carmel, IN 46032
      View Details
    • $7 SF/Yr
      6,249 SF

      Carmel Office Space Available

      Flexible workspace solutions in Carmel, IN.
      303 Congressional Blvd, Carmel, IN 46032
      View Details
    • Contact for pricing
      29,259 SF

      Carmel Medical Office Suites

      Prime Carmel location, medical office space available.
      13431 Old Meridian St, Carmel, IN 46032
      View Details
    • Contact for pricing
      5,321 SF

      Prime Carmel Medical Office Building

      5,321 SF Medical Office, Downtown Carmel
      1120 Aaa Way, Carmel, IN 46032
      View Details
    • Contact for pricing
      85,542 SF

      Carmel Medical Office Space for Lease

      Prime Carmel location, medical office suites available.
      13420 Meridian St, Carmel, IN 46032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    370 Medical Dr
    Carmel, IN 46032-2916
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.