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Property profile & analytics
OFF-MARKET
Estimated value
$10,190,000
Office Spaces
10330 Meridian St Carmel, IN 46290-1024
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-0821421
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1993
Construction
TYPE NOT SPECIFIED
Total area
243,078 SF
Lot
11.69 ac (509,216 SF)
APN
29-13-11-000-036.007-023
UPID
US31-0821421
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.15M
Blend (final)
Blend
$10.19M
Owner & transaction history
M33 LLC · 1 yrs held
M33 LLC
since 2025
Last sale
$12.0M
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
Method
Estimation
Statistic approach
$10,870,000
ML approach
$7,930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.19M
Range $9.17M – $11.21M · ±10% · vs last sale $12.00M (Apr 9 2025)
Last sale anchor
$12.00M
Apr 9 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$42 / 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
$157,659
Tax year 2023
Assessed value
$7,814,600
Assessed 2023
Previous assessed
$7,814,600
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$4,576,000
Assessed improvement
$3,238,600
Land market value
$4,576,000
Improvement market value
$3,238,600
Total market value
$7,814,600
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
1993
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
4
Total area
243,078 SF
Lot
11.69 ac (509,216 SF)
APN
29-13-11-000-036.007-023
UPID
US31-0821421
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
1993
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Buildings
2
Lot
11.69 ac
Current owner
From public records · entity-resolved
M33 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 20037, CHARLESTON, SC 29413-0037
Ownership since
2025
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
Apr 9, 2025
$12,000,000
M33 LLC
Carmel Indy Holdings LLC
Deed
—
Nov 18, 2015
—
Carmel Indy Holdings LLC
Cip-1 LLC
Trustees Deed
related
$52,000,000 · Cantor Com'l R/e Lndg
Dec 13, 2007
—
Carmel Indy Properties LLC
Cip-19 LLC
Warranty Deed
—
Nov 4, 2005
—
Cip-21 LLC
Carmel Indy Properties LLC
Warranty Deed
—
Sep 22, 2005
—
Cip-17 LLC
Carmel Indy Properties LLC
Warranty Deed
—
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.
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