New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Medical Office Space
10601 Meridian St Ste 200 Carmel, IN 46290-1100
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-3518200
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
TYPE NOT SPECIFIED
Total area
24,710 SF
Lot
0.86 ac (37,462 SF)
APN
29-13-02-000-021.001-018
UPID
US31-3518200
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
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.19M
Owner & transaction history
Kentland Bank
Kentland Bank
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+41.9%
Industrial (general)
$1.7M
+28.3%
Neighborhood: shopping center
$1.5M
+15.1%
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
by Request
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,290,000
Current use
COMMERCIAL (GENERAL)
$1,830,000
Change: +42% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,650,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,480,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10%
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
$48 / 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
$79,105
Tax year 2023
Assessed value
$3,670,300
Assessed 2023
Previous assessed
$3,670,300
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$481,600
Assessed improvement
$3,188,700
Land market value
$481,600
Improvement market value
$3,188,700
Total market value
$3,670,300
Applied tax rate
18.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
24,710 SF
Lot
0.86 ac (37,462 SF)
APN
29-13-02-000-021.001-018
UPID
US31-3518200
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Kentland Bank
Entity
Free & Clear · 0 yrs held
Mailing address
2007 N CAPITOL AVE, INDIANAPOLIS, IN 46202-1221
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
Kentland Bank
Community First Bank Of Indiana
Quitclaim Deed
—
Mar 24, 2026
—
Community First Bank Of Indiana
Meridian Office Building LLC
Deed
related
—
Oct 3, 2022
—
Meridian Office Building LLC
Ash Holdings LLC
Quit Claim Deed
related
—
Aug 7, 2020
$5,100,000
White Ash Holdings LLC
Carmel Medical Office Bldg LLC
Grant Deed
related
$5,300,000 · Cmob Partners LLC
Aug 30, 2019
—
Carmel Medical Office Bldg LLC
—
Trustees Deed
related
$412,000 · Mig Guilford Reserves LLC
Apr 13, 2018
—
Carmel Medical Office Building
—
Deed
related
$200,000 · Oaks At Baylor Apt Ptrs Ltd
Apr 17, 2017
—
Carmel Medical Office Building
—
Trustees Deed
related
$400,000 · Mig Guilford Reserves LLC
Mar 19, 2014
—
Carmel Medical Office Building LLC
Meridian Mob LLC
Limited Warranty Deed
—
May 6, 2004
—
Meridian Mob LLC
North Meridian Street Medical
Quit Claim Deed
related
$3,475,000 · Prudential Mortgage Capital Co
—
—
Carmel Medical Office Building
—
Deed Of Trust
related
$200,000 · Oaks At Baylor Apt Ptrs Ltd
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 10601 Meridian St Ste, Unit 200?
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.
