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    Property profile & analytics

    11405 Pennsylvania St Carmel, IN 46032-6942

    • Office Properties & Spaces
    • 38,502 SF
    • 3.72 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 29, 2021
    Location Intelligence
    Property ID
    US31-3549608
    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

    • Modern Tool Supply / Abrasives Supplier
    • Snap Decking / Manufacturer
    • Bailey & Wood Financial Group / Mortgage Lender
    • Premier Total Healthcare and Premier Elite / Medical Clinic
    • Posterity Health: Dr. Jason Kovac / Reproductive Health Clinic / Fertility Clinic

    Property Details for 11405 Pennsylvania St

    Year built
    1990
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.72 lot acres
    Property size
    38,502 SF
    Property type
    Office Properties & Spaces
    APN
    29-13-02-000-011.004-018
    APU
    291302000011004018

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1543
    Latitude
    39.9531
    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
    $82,588
    $1,176,000
    $2,916,900
    $4,092,900
    -
    $1,176,000
    $2,916,900
    $4,092,900

    Comparable in this City

    • Value Estimation by Request
      180,000 SF

      11595 Meridian St

      OFFICE (GENERAL) • 180,000 SF
      11595 Meridian St, Carmel, IN 46032-6947
      View Details
    • Value Estimation by Request
      156,876 SF

      11590 Meridian St

      OFFICE (GENERAL) • 156,876 SF
      11590 Meridian St, Carmel, IN 46032-6954
      View Details
    • Value Estimation by Request
      70,093 SF

      14598 Oak Rdg Rd

      OFFICE (GENERAL) • 70,093 SF
      14598 Oak Rdg Rd, Carmel, IN 46032-1201
      View Details
    • Value Estimation by Request
      19,242 SF

      12415 Old Meridian St

      OFFICE (GENERAL) • 19,242 SF
      12415 Old Meridian St, Carmel, IN 46032-8713
      View Details
    • Value Estimation by Request
      39,679 SF

      1036 Rangeline Rd

      OFFICE (GENERAL) • 39,679 SF
      1036 Rangeline Rd, Carmel, IN 46032-2544
      View Details
    • Value Estimation by Request
      10,879 SF

      1 Rangeline Rd, Unit 5

      OFFICE (GENERAL) • 10,879 SF
      1 Rangeline Rd, Carmel, IN 46032-2192
      View Details

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    • $11,000,000
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      Two-Building Office Portfolio in Carmel

      Two-building office portfolio totaling ±84,963 RSF on 7.64 acres.
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    Similar Nearby for Lease

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      Prime Carmel office suites, various sizes.
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      Flexible workspace solutions in Carmel, IN.
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      View Details
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    11405 Pennsylvania St
    Carmel, IN 46032-6942
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    Realmo Value Estimation

    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.

    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.

    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
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