New search
Property profile & analytics
OFF-MARKET
Estimated value
$16,960,000
Office Spaces
10201 Illinois St Carmel, IN 46290-1114
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0031878
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Construction
TYPE NOT SPECIFIED
Total area
135,564 SF
Lot
8.78 ac (382,457 SF)
APN
29-13-11-000-036.005-023
UPID
US31-0031878
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jim Dunham Loan Service Bank
-
Gary Steve Trent II WesBanco Mortgage Lending Officer Loan Service Bank
-
Brian Woodall Loan Service Bank
-
Barrow Brown Carrington, PLLC Law Firm
-
Winthrop Capital Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.96M
Owner & transaction history
Meridian Tower Owner LP · 7 yrs held
Meridian Tower Owner LP
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carmel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmel submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$125 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$258,920
Tax year 2023
Assessed value
$12,838,900
Assessed 2023
Previous assessed
$12,838,900
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$4,235,000
Assessed improvement
$8,603,900
Land market value
$4,235,000
Improvement market value
$8,603,900
Total market value
$12,838,900
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
6
Total area
135,564 SF
Lot
8.78 ac (382,457 SF)
APN
29-13-11-000-036.005-023
UPID
US31-0031878
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
6
Lot
8.78 ac
Current owner
From public records · entity-resolved
Meridian Tower Owner LP
Entity
Mailing address
1360 E 9TH ST STE #300, CLEVELAND, OH 44114-1730
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2018
—
Meridian Tower Owner LP
Meridian Tower LP
Limited Warranty Deed
$13,250,000 · Deutsche Bank National Trust Co
Jun 8, 2017
—
Meridian Tower LP
Virtu Meridian Associates LLC
Limited Warranty Deed
$10,875 · Wells Fargo Bank NA
Jun 1, 2007
—
Virtu Meridian Associates LLC
Gpi Retail Properties II LP
Special Warranty Deed
$13,800,000 · Countrywide Com Real Estate Finance
Jun 25, 2004
—
Gpi Retail Properties II
Woodhold II Properties LLC
Quit Claim Deed
related
—
May 3, 2004
—
Woodhold II Properties LLC
Hrb Associates
Grant Deed
$8,100,000 · National City Bank Indiana
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10201 Illinois St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
