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    Property profile & analytics

    3535 116th St Carmel, IN 46033

    • Hotels
    • 2,740 SF
    • 4.49 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0884702
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Woodland Spring Clubhouse / Association / Organization

    Property Details for 3535 116th St

    Year built
    1969
    Construction
    WOOD
    Lot size
    4.49 lot acres
    Property size
    2,740 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    29-14-05-103-006.000-018
    APU
    291405103006000018

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1031
    Latitude
    39.9558
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,244 SF

      13900 Grisham Dr

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    • Value Estimation
      $700,000
      1,980 SF

      4255 Smoky Row

      HOTEL/MOTEL • 1,980 SF
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      View Details
    • Value Estimation by Request
      1,956 SF

      5910 William Conner Way

      HOTEL/MOTEL • 1,956 SF
      5910 William Conner Way, Carmel, IN 46033
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    • Value Estimation by Request
      1,794 SF

      Maralice Dr

      HOTEL/MOTEL • 1,794 SF
      Maralice Dr, Carmel, IN 46033
      View Details
    • Value Estimation by Request
      48,160 SF

      15131 Thatcher Ln

      HOTEL/MOTEL • 48,160 SF
      15131 Thatcher Ln, Carmel, IN 46033-8411
      View Details
    • Value Estimation by Request
      7,065 SF

      10700 Lakeshore Dr

      HOTEL/MOTEL • 7,065 SF
      10700 Lakeshore Dr, Carmel, IN 46033-3909
      View Details

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    Similar Nearby for Lease

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      Prime Carmel Office Space Available

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      1,400 SF retail space with high visibility.
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    3535 116th St
    Carmel, IN 46033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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