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    Property profile & analytics

    11505 Illinois St Carmel, IN 46032-3137

    • Outlet malls
    • 121,583 SF
    • 13.32 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 01, 2021
    Location Intelligence
    Property ID
    US31-2814143
    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

    • Market District Supermarket / Natural Goods Store / Grocery Store
    • Market District Pharmacy / Pharmacy / Drug Store
    • Giant Eagle Produce / Produce Market
    • PNC Mortgage / Mortgage Lender
    • PNC Bank / Atm / Bank

    Property Details for 11505 Illinois St

    Year built
    2015
    Construction
    TYPE NOT SPECIFIED
    Lot size
    13.32 lot acres
    Property size
    121,583 SF
    Property type
    Outlet malls
    APN
    29-13-02-000-001.011-018
    APU
    291302000001011018

    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
    -86.1636
    Latitude
    39.9526
    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
    $213,160
    $4,271,300
    $6,295,500
    $10,566,800
    -
    $4,271,300
    $6,295,500
    $10,566,800

    Comparable in this City

    • Value Estimation by Request
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      33,913 SF

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      99,226 SF

      9899 Michigan Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 99,226 SF
      9899 Michigan Rd, Carmel, IN 46032
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    • Value Estimation by Request
      174,515 SF

      10401 Michigan Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 174,515 SF
      10401 Michigan Rd, Carmel, IN 46032-7939
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    • Value Estimation by Request
      18,000 SF

      15050 Greyhound Ct

      WHOLESALE OUTLET, DISCOUNT STORE • 18,000 SF
      15050 Greyhound Ct, Carmel, IN 46032-1086
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    • Value Estimation by Request
      117,976 SF

      1600 151st St

      WHOLESALE OUTLET, DISCOUNT STORE • 117,976 SF
      1600 151st St, Carmel, IN 46032-5056
      View Details

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      Retail space in high-traffic area with diverse tenant mix.
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      Retail space available in Kroger anchored shopping center.
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      Retail space in a high-traffic area with diverse tenants.
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      Retail Space in Merchants’ Square

      Retail space available in high-traffic shopping center.
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      View Details
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    11505 Illinois St
    Carmel, IN 46032-3137
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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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