New search
Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Turn key restaurants
12901 Old Meridian St Carmel, IN 46032-1489
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-3371234
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2015
Construction
TYPE NOT SPECIFIED
Total area
6,140 SF
Lot
1.27 ac (55,321 SF)
APN
29-09-26-402-007.001-018
UPID
US31-3371234
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
-
BRU Burger Bar - Carmel Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$820k
Owner & transaction history
Bru Carmel Re LLC · 3 yrs held
Bru Carmel Re LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$870,000
+9.2%
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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$795,000
Current use
WAREHOUSE, STORAGE
$870,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$715,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$640,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$134 / 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
$43,683
Tax year 2023
Assessed value
$2,166,800
Assessed 2023
Previous assessed
$2,166,800
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$635,000
Assessed improvement
$1,531,800
Land market value
$635,000
Improvement market value
$1,531,800
Total market value
$2,166,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2015
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
2
Bathrooms
1
Total area
6,140 SF
Lot
1.27 ac (55,321 SF)
APN
29-09-26-402-007.001-018
UPID
US31-3371234
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
RESTAURANT Current
Est. value
$795,000
WAREHOUSE, STORAGE
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$715,000
RETAIL STORES
Est. value
$640,000
RESTAURANT Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RETAIL STORES
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
2015
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Bru Carmel Re LLC
Entity
Mailing address
530 FULTON ST #100, INDIANAPOLIS, IN 46202-3511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
—
Bru Carmel Re LLC
Jkb Properties LLC
Special Warranty Deed
$8,541,851 · Busey Bank
Jan 8, 2015
—
Jkb Properties LLC
Jkb Properties LLC
Special Warranty Deed
—
Sep 22, 2011
—
Jkb Properties LLC
Old Natl Bk
Warranty Deed
$523,600 · Busey Bank
Jul 15, 2011
—
Natl Bk Old
Glass Chimney Real Estate LLC
Warranty Deed
—
Dec 9, 2008
—
Glass Chimney Real Estate LLC
—
Trustees Deed
related
$150,000 · Old National Bank
Jun 30, 2008
—
Glass Chimney Real Estate LLC
Puska,dieter
Warranty Deed
—
—
—
Jkb Properties LLC
—
Loan Modification
related
$3,093,463 · Busey Bk
—
—
Jkb Properties LLC
—
Loan Modification
related
$523,600 · Busey Bk
—
—
Glass Chimney Real Estate LLC
—
Deed Of Trust
related
$800,000 · Old National Bank
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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