Technical
Financial
Distress signals
Property profile

11895 Meridian St Carmel, IN 46032

OFF-MARKET
Hotels
Property ID
US31-3562508
87,181 SF 3.06 ac lot Built 2001
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2001
Construction TYPE NOT SPECIFIED
Total area 87,181 SF
Lot 3.06 ac (133,294 SF)
APN 29-09-35-004-001.000-018
UPID US31-3562508

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

11895 Meridian St Carmel, IN 46032-4630
Carmel metro Census 111012 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$12.13M
CAP Approach CAP
$7.17M
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.07M

Owner & transaction history

since 2025
7 recorded transactions
2025
$12.6M
2025
Price N/A
2023
$13.0M
2017
$10.9M
2017
Price N/A
2015
Price N/A
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $12.3M +36.7%
Restaurant $11.3M +25.3%
Auto repair, garage $10.1M +12.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 11895 Meridian 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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message