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Property profile & analytics
OFF-MARKET
Estimated value
$11,720,000
Office Spaces
12900 Hazel Dell Pkwy Carmel, IN 46033-4665
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US31-0672642
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1995
Construction
TYPE NOT SPECIFIED
Total area
64,953 SF
Lot
76.66 ac (3,339,310 SF)
APN
29-10-28-000-040.000-018
UPID
US31-0672642
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
Current use
Occupant on record · Public records
-
Northview Church Carmel Campus Church
-
SpringHill Day Camps Training Center Family Recreation Center
-
Capstone Cafe & Bookstore Cafe & Coffee Shop
-
The Hill DGC at Northview Church Golf Course
-
Aria Diagnostics at Northview Church Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.49M
Comparable Approach
Comparable
$7.29M
Blend (final)
Blend
$11.72M
Owner & transaction history
Northview Christian Life Ch In · 8 yrs held
Northview Christian Life Ch In
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.8M
+14.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$14,615,000
6.5%
$13,490,000
7%
$12,525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,440,000
Current use
AUTO REPAIR, GARAGE
$18,775,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$11.72M
Range $10.55M – $12.89M · ±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
$180 / 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
Assessed value
$16,329,900
Assessed 2023
Previous assessed
$16,329,900
+0.0% YoY
Assessed land
$3,769,800
Assessed improvement
$12,560,100
Land market value
$3,769,800
Improvement market value
$12,560,100
Total market value
$16,329,900
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 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
1995
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
6
Stories
2
Total area
64,953 SF
Lot
76.66 ac (3,339,310 SF)
APN
29-10-28-000-040.000-018
UPID
US31-0672642
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
COMMERCIAL (GENERAL) Current
Est. value
$16.4M
AUTO REPAIR, GARAGE
Est. value
$18.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1995
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Buildings
6
Lot
76.66 ac
Current owner
From public records · entity-resolved
Northview Christian Life Ch In
Individual
Mailing address
12900 HAZEL DELL PKWY, CARMEL, IN 46033-4665
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2018
—
Northview Christian Life Ch In
—
Grant Deed
related
$30,000,000 · First Merchants Bk
Dec 14, 2017
—
Northview Christian Life Ch In
—
Deed
related
$30,000,000 · First Merchants Bk
—
—
Northview Christian Life Ch In
—
Deed Of Trust
related
$30,000,000 · First Merchants Bk
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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