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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Office Spaces
301 Carmel Dr Carmel, IN 46032-2888
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-3508075
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1990
Construction
WOOD
Total area
7,263 SF
Lot
4.67 ac (203,425 SF)
APN
29-10-31-000-027.406-018
UPID
US31-3508075
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
-
KBAR Legal Services, LLP Law Firm
-
Engineered Air Big Box & Wholesale Store Building Supply
-
Peyton Manning Children's Hospital at Ascension St. Vincent - Indianapolis Developmental Pediatrics Pediatrician Medical Clinic
-
Lifecare Counseling Services Family Counselor
-
Swenson & Associates PC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$990k
Blend (final)
Blend
$1.56M
Owner & transaction history
Cf Carmel Court LLC · 6 yrs held
Cf Carmel Court LLC
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+19.8%
Auto repair, garage
$2.1M
+4.3%
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%
$1,635,000
6.5%
$1,510,000
7%
$1,400,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,010,000
Current use
RETAIL STORES
$2,410,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,100,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±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
$214 / 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
$67,727
Tax year 2023
Assessed value
$3,359,000
Assessed 2023
Previous assessed
$3,359,000
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,114,000
Assessed improvement
$2,245,000
Land market value
$1,114,000
Improvement market value
$2,245,000
Total market value
$3,359,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Buildings
6
Stories
1
Total area
7,263 SF
Lot
4.67 ac (203,425 SF)
APN
29-10-31-000-027.406-018
UPID
US31-3508075
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
$2.0M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1990
Construction
WOOD
Heating
NONE
Stories
1
Buildings
6
Lot
4.67 ac
Current owner
From public records · entity-resolved
Cf Carmel Court LLC
Entity
Mailing address
225 N WASHINGTON ST, BLOOMINGTON, IN 47408-3539
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jul 2, 2020
—
Cf Carmel Court LLC
Carmel 301 LLC
Quit Claim Deed
related
$5,700,000 · German American Bk
Dec 28, 2016
—
Carmel - 301 LLC
—
Grant Deed
related
$3,740,000 · Everbank
Jun 21, 2013
—
Carmel 301 LLC
—
Deed Of Trust
related
$2,600,000 · Busey Bank
Aug 5, 2011
—
Carmel-301 LLC
Rn Carmel Court Acquisition
Quit Claim Deed
related
$1,700,000 · Bloomfield State Bank
Nov 8, 2006
—
Rn Carmel Court Owner 3 LLC
Rn Carmel Court Acquisitions
Quit Claim Deed
$5,575,000 · Countrywide Com Real Estate Finance
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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