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Property profile & analytics
OFF-MARKET
Office Spaces
32 1st NE St Carmel, IN 46032-1750
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-3425556
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1933
Construction
WOOD
Total area
2,633 SF
Lot
0.22 ac (9,583 SF)
APN
29-10-30-901-015.000-018
UPID
US31-3425556
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
-
Wedgewood Building Company Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wedgewood Building Company LLC · 2 yrs held
Wedgewood Building Company LLC
since 2023
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
—
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
$9,927
Tax year 2023
Assessed value
$492,400
Assessed 2023
Previous assessed
$492,400
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$297,000
Assessed improvement
$195,400
Land market value
$297,000
Improvement market value
$195,400
Total market value
$492,400
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
1933
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
1
Total area
2,633 SF
Lot
0.22 ac (9,583 SF)
APN
29-10-30-901-015.000-018
UPID
US31-3425556
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
1933
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Wedgewood Building Company LLC
Entity
Mailing address
32 1ST ST NE, CARMEL, IN 46032-1750
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
—
Wedgewood Building Company LLC
Chatham Hills LLP
Warranty Deed
—
Dec 15, 2023
$175,000
Wedgewood Building Company LLC
Chatham Hills LLP
Warranty Deed
—
Feb 3, 2020
—
Wedgewood R & E Ptrs LLC
—
Deed
related
$675,000 · Lake Cty Bk
Nov 5, 2012
—
Wedgewood Real Estate Ptrs LLC
Duell Properties Group LLC
Warranty Deed
—
Sep 18, 2008
—
Uptown Partners LLC
Cotton,jay E & O Maxine
Warranty Deed
$181,200 · Old National Bank
—
—
Wedgewood Real Estate Partners
—
Deed Of Trust
related
$415,000 · Union Svgs
—
—
Wedgewood R & E Ptrs LLC
—
Deed Of Trust
related
$675,000 · Lake Cty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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