Add Listing
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

    8535 Clearview Dr Mccordsville, IN 46055-6240

    • Medical Office Space
    • 27,260 SF
    • 10.70 lot acres
    OFF-MARKET
    Value Estimations
    $1,595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2849612
    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

    • Medical Office Space

    Property Details for 8535 Clearview Dr

    Year built
    2010
    Construction
    TYPE NOT SPECIFIED
    Lot size
    10.70 lot acres
    Property size
    27,260 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    30-01-23-801-000.001-018
    APU
    300123801000001018

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,835,000
      Current use
      RETAIL STORES
      $2,390,000
      Change: +30% Conversion: Difficult
      RESTAURANT
      $2,090,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,005,000
      Change: +9% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,000,000
      Change: +9% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,650,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mccordsville
    County
    Hancock
    State
    Indiana
    Longitude
    -85.9203
    Latitude
    39.9061
    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
    $281,750
    $1,135,000
    $8,733,300
    $9,868,300
    -
    $1,135,000
    $8,733,300
    $9,868,300

    Comparable in this City

    • Value Estimation by Request
      4,416 SF

      7473 600th W

      MEDICAL BUILDING • 4,416 SF
      7473 600th W, Mccordsville, IN 46055-9339
      View Details
    • Value Estimation by Request
      3,324 SF

      6653 Broadway

      MEDICAL BUILDING • 3,324 SF
      6653 Broadway, Mccordsville, IN 46055-9558
      View Details
    • Value Estimation by Request
      2,850 SF

      5842 Broadway

      MEDICAL BUILDING • 2,850 SF
      5842 Broadway, Mccordsville, IN 46055-9343
      View Details
    • Value Estimation by Request
      12,000 SF

      5950 Main St

      Medical Office Space • 12,000 SF
      5950 Main St, McCordsville, IN 46055
      View Details
    • Value Estimation by Request
      9,215 SF

      5813 Main St

      Office Units • 9,215 SF
      5813 Main St, McCordsville, IN 46055
      View Details
    • Value Estimation by Request
      15,986 SF

      7476 Ln Rd

      HOMES (RETIRED, NURSING) • 15,986 SF
      7476 Ln Rd, Mccordsville, IN 46055-9506
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,873 SF

      1,873 SF Office Building

      Office building built in 1975 with strategic location.
      5189 W 600 N, McCordsville, IN 46055
      View Details
    • Contact for pricing

      Highway 36 Retail/Office Building

      Retail/office building on Highway 36 in redeveloping McCordsville.
      6444 W Broadway, McCordsville, IN 46055
      View Details
    • Contact for pricing
      1,008,072 SF

      5670 Aurora Way

      Distribution centers • 1,008,072 SF
      5670 Aurora Way, McCordsville, IN 46055
      View Details
    • $2,750,000
      2.00 Acres

      McCordsville Commercial Land - 2 Acres

      Prime Development Opportunity in Growing Town
      7618 600, McCordsville, IN 46055
      View Details
    • Contact for pricing
      0.99 Acres

      McCord Square

      Land • 0.99 Acres
      7600 600, McCordsville, IN 46055
      View Details
    • $1,500,000
      Pending

      McCordsville Land Development Opportunity

      3.769 acre commercial land in rapidly growing McCordsville, Indiana.
      8965 N 600 W, McCordsville, IN 46055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      McCordsville Medical Office Building

      Modern Medical Office Suites - Pre-leasing Now
      5950 Main St, McCordsville, IN 46055
      View Details
    • Contact for pricing
      602,640 SF

      Industrial Space in Greenfield, Indiana

      Industrial park with build-to-suit options and strategic location.
      6853 W 500 N, McCordsville, IN 46055
      View Details
    • Contact for pricing
      955 SF

      Meijer In-Store Retail Space

      McCordsville, IN: 955 sq ft retail space
      6939 Broadway, McCordsville, IN 46055
      View Details
    • Contact for pricing
      11,648 SF

      McCordsville Marketplace Retail Space

      High-traffic retail space available.
      6765 Broadway, McCordsville, IN 46055
      View Details
    • Contact for pricing
      1,008,072 SF

      Aurora Commerce Center: Prime Industrial Space

      1M+ SF Warehouse, Multi-Tenant Available
      5670 Aurora Way, McCordsville, IN 46055
      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.
    8535 Clearview Dr
    Mccordsville, IN 46055-6240
    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.
    Sign Up Successful!
    You now have access to more from Realmo!