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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    650 Girls School Rd Indianapolis, IN 46214-3672

    • Medical offices
    • 12,363 SF
    • 1.52 lot acres
    OFF-MARKET
    Last Sale
    Sep 27, 2024
    $21,100
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-3405000
    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

    • Jay Meisenhelder Employment & Civil Rights Legal Services, P.C. / Attorney / Employment Attorney
    • Younge Law Group / Attorney / Personal Injury Attorney
    • S&N Home Care / Home Health Care Service
    • Dr. Arhur Flores, MD / Doctor
    • Stephen Bammy LLC / Notary Public

    Property Details for 650 Girls School Rd

    Year built
    1975
    Construction
    WOOD
    Lot size
    1.52 lot acres
    Property size
    12,363 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    49-12-03-113-010.000-982
    APU
    491203113010000982

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2896
    Latitude
    39.7754
    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
    $16,364
    $186,500
    $302,000
    $488,500
    -
    $186,500
    $302,000
    $488,500

    Comparable in this City

    • Value Estimation by Request
      3,582 SF

      8235 Country Vlg Dr

      MEDICAL BUILDING • 3,582 SF
      8235 Country Vlg Dr, Indianapolis, IN 46214-3106
      View Details
    • Value Estimation by Request
      3,791 SF

      7951 Crawfordsville Rd

      MEDICAL BUILDING • 3,791 SF
      7951 Crawfordsville Rd, Indianapolis, IN 46214-1576
      View Details
    • Value Estimation by Request
      6,960 SF

      8025 Crawfordsville Rd

      MEDICAL BUILDING • 6,960 SF
      8025 Crawfordsville Rd, Indianapolis, IN 46214-1531
      View Details
    • Value Estimation
      $555,000
      13,965 SF

      8050 Rockville Rd

      MEDICAL BUILDING • 13,965 SF
      8050 Rockville Rd, Indianapolis, IN 46214-3119
      View Details
    • Value Estimation by Request
      12,672 SF

      6443 10th St

      MEDICAL BUILDING • 12,672 SF
      6443 10th St, Indianapolis, IN 46214-6501
      View Details
    • Value Estimation by Request
      3,620 SF

      101 Girls School Rd

      MEDICAL BUILDING • 3,620 SF
      101 Girls School Rd, Indianapolis, IN 46214-3963
      View Details

    Similar Nearby for Sale

    • $182,000
      2,016 SF

      Spacious Condo Near Eagle Creek

      Three-bedroom condo with updated kitchen, fireplace, and oversized garage.
      3131 Stillmeadow Dr, Indianapolis, IN 46214
      View Details
    • $159,900
      965 SF

      Updated Home Near Speedway & Eagle Creek

      Cozy, updated home near Speedway and Eagle Creek, move-in ready.
      7861 Hunters Path, Indianapolis, IN 46214
      View Details
    • Contact for pricing

      Land Available on Rockville Road

      2.3 acres of land for sale in Indianapolis.
      8150 Rockville Rd, Indianapolis, IN 46214
      View Details
    • $195,000

      Woodland Condo with Pond View

      Condo with pond views, loft, and updated features.
      7135 Bay Point Ct, Indianapolis, IN 46214
      View Details
    • $175,000

      Two-Story Condo with Patio

      Two-bedroom condo with landscaped patio, close to amenities.
      3708 Magenta Ln, Indianapolis, IN 46214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      31,152 SF

      Westpoint Commons Retail Endcap

      High-traffic Indianapolis retail space available.
      8202 Rockville Rd, Indianapolis, IN 46214
      View Details
    • $9 SF/Yr
      31,824 SF

      Indy Court Flex Space Available

      Indianapolis Industrial Flex Space: 3,500 SF Available
      8247 Indy Ct, Indianapolis, IN 46214
      View Details
    • $9 SF/Yr
      1,200 SF

      Industrial/Flex Space Available For Lease

      Multi-tenant industrial/flex property with easy highway access.
      8235-8295 Indy Ct, Indianapolis, IN 46214
      View Details
    • $8 SF/Yr
      1,783 SF

      Industrial/Flex Space Available For Lease

      Multi-tenant industrial/flex property with easy access to major interstates.
      1203 Indy Way, Indianapolis, IN 46214
      View Details
    • Contact for pricing
      126,408 SF

      Chapel Hill Shopping Center Investment

      Indianapolis Retail Center: High Traffic Area
      7315 10Th St, Indianapolis, IN 46214
      View Details
    • $8 SF/Yr
      3,840 SF

      Industrial Flex Space Available

      Multi-tenant industrial/flex property with easy highway access.
      8225 Indy Ln, Indianapolis, IN 46214
      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.
    650 Girls School Rd
    Indianapolis, IN 46214-3672
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    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.