This paper examines the large-scale path loss models for an indoor corridor environment at frequencies of 28 and 38 GHz. The measurement environment consists of an indoor corridor with both line-of-sight (LOS) and non-line of sight (NLOS) scenarios using vertical–vertical (V–V) and vertical–horizontal (V–H) antenna polarizations. The single-frequency close-in (CI), floating intercept (FI), free space large-scale path loss models and measured data from the measurement campaign were used to evaluate the performance analysis. The paper also focuses on various parameters, such as standard deviation, path loss exponent (PLE), accuracy, simplicity, and stability of the models. The analysis focuses on the peculiarity of the effect of the wall proximity on the path loss parameters as well as comparisons with the parameters in some of the reviewed literature studies. The FI and CI models produce comparable results for both antenna polarizations and clearly fit with the measured path loss. The PLE, with the highest value of 3.33 at 38 GHz (V–H), is much higher in the NLOS scenario with V–H polarization due to the signal degradation along the path from the transmitter (Tx) to the receiver (Rx). This is because there is no direct LOS between the Tx and Rx antennas. The Rx only relies on signal diffractions and reflections from obstacles as it transmits through the path from the Tx antenna. The path loss measurements and model analysis presented here are useful in designing 5G wireless communication systems for indoor environments, particularly for power budget calculations.