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Property profile & analytics
OFF-MARKET
Estimated value
$2,635,000
Strip malls
2271 Pointe Pkwy Carmel, IN 46032-3284
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-3535625
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
11,200 SF
Lot
1.55 ac (67,518 SF)
APN
29-14-06-001-007.000-018
UPID
US31-3535625
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
-
Jersey Mike's Subs Take-out & Catering
-
garagedoorcarmel HVAC Service General Contractor
-
Soccer Village Carmel (Bike/Boat/Book/etc) Store
-
Kitchen Master Hardware & Home Improvement Kitchen & Bath Showroom
-
Higher Grade (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.64M
Owner & transaction history
City Of Carmel · 1 yrs held
City Of Carmel
since 2024
Last sale
$7,700
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$235 / 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
$41,646
Tax year 2023
Assessed value
$2,065,500
Assessed 2023
Previous assessed
$2,065,500
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,046,300
Assessed improvement
$1,019,200
Land market value
$1,046,300
Improvement market value
$1,019,200
Total market value
$2,065,500
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
2002
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
4
Total area
11,200 SF
Lot
1.55 ac (67,518 SF)
APN
29-14-06-001-007.000-018
UPID
US31-3535625
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
2002
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
4
Lot
1.55 ac
Current owner
From public records · entity-resolved
City Of Carmel
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 29319, INDIANAPOLIS, IN 46229-0319
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
$7,700
City Of Carmel
Wagner Merchants Pointe LLC
Warranty Deed
—
Sep 3, 2019
—
Wagner Merchants Pointe LLC
Merchant Pointe Associates LLC
Warranty Deed
$3,360,000 · The German American Bank
Dec 11, 2018
$2,500,000
Merchant Pointe Associates LLC
Hoyne Capital Partners LLC
Grant Deed
—
Nov 6, 2014
—
Hoyne Capital Parnters LLC
Lmm 3d LLC
Limited Warranty Deed
$3,480,000 · Centier Bank
Jan 10, 2012
—
Lmm 3d LLC
Indiana Bank & Trust
Limited Warranty Deed
$750,000 · State Bank Of Lizton
May 12, 2011
—
Indiana Bk & Trust Co
Merchants Pointe LP
Warranty Deed
related
—
Nov 23, 2004
—
Merchants Pointe
Merchants Pointe Assocs LLC
Quit Claim Deed
related
$6,912,000 · Homefed Bank
—
—
Lmm 3d LLC
—
Deed Of Trust
related
$300,000 · State Bk/lizton
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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