Financial
Distress signals
Property profile

2438 116th St Carmel, IN 46032

OFF-MARKET
Strip malls
Property ID
US31-3560612
18,414 SF 0.36 ac lot Built 1974
Last sale Feb 2026 · $1,733,151
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$645k
Assessed land$164k
Assessed improvement$480k
Effective rate2.02%

Value estimate

· Sep 2026
$555k
$500k – $611k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$434/SF
County average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$174 – $586
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHAMILTON

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store15.9
Auto Repair Shop15.1
Storage Facility14.1

Location

2438 116th St Carmel, IN 46032-3219
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
890 116th, Carmel, IN 46032-3475 $12,050,000 Apr 2025 22,510 SF
9873 Michigan, Carmel, IN 46032-7958 $9,600,000 Oct 2024 15,750 SF
1420 Main, Carmel, IN 46032-1494 $5,506,008 Sep 2022 12,245 SF
4335 106th, Carmel, IN 46032-7774 $7,600,000 Jul 2022 30,220 SF
301 Carmel, Carmel, IN 46032-2888 $7,600,000 Jul 2020 10,960 SF
12751 Pennsylvania, Carmel, IN 46032-5516 $5,235,250 Mar 2020 12,089 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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