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    Property profile & analytics

    3949 Mdws Dr Indianapolis, IN 46205-3113

    • Office Properties & Spaces
    • 5,400 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $90,000
    Last Sale
    Sep 21, 2022
    $96,000
    Location Intelligence
    Property ID
    US31-0036906
    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

    • Office Properties & Spaces

    Property Details for 3949 Mdws Dr

    Year built
    1956
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.22 lot acres
    Property size
    5,400 SF
    Zone code
    ZO01
    Property type
    Office Properties & Spaces
    APN
    49-07-17-118-002.000-801
    APU
    490717118002000801

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1121
    Latitude
    39.8282
    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
    $3,494
    $10,700
    $117,000
    $127,700
    -
    $10,700
    $117,000
    $127,700

    Comparable in this City

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      4165 Millersville Rd

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    • Value Estimation
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      30,000 SF

      2506 Willowbrook Pkwy

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    • Value Estimation
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      250 38th St

      OFFICE (GENERAL) • 5,168 SF
      250 38th St, Indianapolis, IN 46205-2644
      View Details
    • Value Estimation
      $605,000
      27,693 SF

      2626 46th St

      OFFICE (GENERAL) • 27,693 SF
      2626 46th St, Indianapolis, IN 46205-2380
      View Details
    • Value Estimation
      $320,000
      4,204 SF

      2601 46th St

      OFFICE (GENERAL) • 4,204 SF
      2601 46th St, Indianapolis, IN 46205-2393
      View Details
    • Value Estimation
      $305,000
      4,205 SF

      4401 Central Ave

      OFFICE (GENERAL) • 4,205 SF
      4401 Central Ave, Indianapolis, IN 46205-1822
      View Details

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    Indianapolis, IN 46205-3113
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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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