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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Strip malls
1430 Carmel Dr Carmel, IN 46032-8784
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-3511272
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
10,824 SF
Lot
1.79 ac (77,972 SF)
APN
29-09-26-000-015.002-018
UPID
US31-3511272
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
-
Sun Tan City Tanning Salon
-
Panda Express Restaurant
-
Sunny Day Cafe Restaurant
-
Spa & Nails II Nail Salon
-
Sport Clips Haircuts of Carmel - Carmel Point Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$937k
Blend (final)
Blend
$1.44M
Owner & transaction history
City Of Carmel · 7 yrs held
City Of Carmel
since 2019
5 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
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$133 / 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
$60,214
Tax year 2023
Assessed value
$2,983,100
Assessed 2023
Previous assessed
$2,983,100
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,118,800
Assessed improvement
$1,864,300
Land market value
$1,118,800
Improvement market value
$1,864,300
Total market value
$2,983,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
6
Total area
10,824 SF
Lot
1.79 ac (77,972 SF)
APN
29-09-26-000-015.002-018
UPID
US31-3511272
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
6
Lot
1.79 ac
Current owner
From public records · entity-resolved
City Of Carmel
Entity
Free & Clear · 7 yrs held
Mailing address
9128 ADMIRALS POINTE CT, INDIANAPOLIS, IN 46236-8968
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2019
—
Carmel Pointe LLC
—
Deed
related
$1,875,015 · Zb NA
Jan 2, 2019
$2,900
City Of Carmel
Carmel Pointe LLC
Warranty Deed
—
Dec 2, 2016
—
Carmel Pointe LLC
—
Deed
related
$2,083,488 · First Merchants Bk
Nov 28, 2011
—
Carmel Pointe LLC
Terre Carmel East LLC
Limited Warranty Deed
$2,437,500 · First Merchants Bank NA
—
—
Carmel Pointe LLC
—
Loan Modification
related
$2,083,488 · 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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