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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Office Spaces
12781 New Market St Carmel, IN 46032-7443
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-2080911
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2022
Construction
WOOD
Total area
4,780 SF
Lot
0.5 ac (21,780 SF)
APN
29-09-28-007-002.013-018
UPID
US31-2080911
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$680k
Owner & transaction history
Brason Properties LLC · 3 yrs held
Brason Properties LLC
since 2023
7 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
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$142 / 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
$15,903
Tax year 2023
Assessed value
$785,100
Assessed 2023
Previous assessed
$785,100
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$163,400
Assessed improvement
$621,700
Land market value
$163,400
Improvement market value
$621,700
Total market value
$785,100
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2022
Construction
WOOD
Heating
NONE
Stories
2
Total area
4,780 SF
Lot
0.5 ac (21,780 SF)
APN
29-09-28-007-002.013-018
UPID
US31-2080911
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
2022
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Brason Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1905 S NEW MARKET ST STE #167, CARMEL, IN 46032-7425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
—
Brason Properties LLC
—
Deed
related
$850,000 · Stock Yards Bank & Trust Co
Jun 6, 2023
—
Brason Properties LLC
Brason Properties LLC
Intrafamily Transfer
related
—
May 2, 2022
—
Brason Properties LLC
—
Deed
related
$1,035,000 · Stock Yards Bank & Trust Co
Dec 12, 2019
—
Brason Properties LLC
—
Grant Deed
related
$1,396,202 · Stockyard Bk&tr
May 17, 2019
—
Vowc Shoppes LLC
—
Grant Deed
related
$5,130,320 · Stockyard Bk&tr
Feb 2, 2018
$110,000
Pmg Group INC
Vowc Shoppes
Warranty Deed
—
May 16, 2017
$99,000
Village 9 LLC
Vowc Shoppes LLC
Warranty Deed
—
Mar 8, 2013
—
Abbey Tap House LLC
Brenwick Tnd Communities LLC
Warranty Deed
$974,000 · Huntington National Bank
Dec 20, 2006
—
Brason Properties LLC
Brenwick Tnd Communities LLC
Warranty Deed
$952,270 · Star Financial Bank
Mar 30, 2006
—
Jason E Jackson
Brenwick Tnd Communities LLC
Warranty Deed
—
Jan 18, 2006
—
Beyond Image Medspa LLC
Brenwick Tnd Communities LLC
Warranty Deed
—
—
—
Abbey Tap House LLC
—
Loan Modification
related
$1,190,000 · Huntington Nat'l Bk
—
—
Brenwick Tnd Communities LLC
—
Deed Of Trust
related
$1,750,000 · National Bk/indianapolis
—
—
Cedar Knoll R & E Invs LLC
—
Deed Of Trust
related
$400,000 · J P Morgan Chase Bank
—
—
Jason E Jackson
—
Deed Of Trust
related
$581,000 · Regions Mortgage INC
—
—
Jason E Jackson
—
Deed Of Trust
related
$875,000 · Bank Of America
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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