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    Property profile & analytics

    37 103rd St Carmel, IN 46290-1165

    • Hotels
    • 83,196 SF
    • 4.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0897188
    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

    • Sonesta Select Indianapolis Carmel / Hotel

    Property Details for 37 103rd St

    Year built
    1989
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.20 lot acres
    Property size
    83,196 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    29-13-11-000-035.001-018
    APU
    291311000035001018

    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
    -86.1595
    Latitude
    39.9356
    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
    $92,134
    $1,995,000
    $3,358,000
    $5,353,000
    -
    $1,995,000
    $3,358,000
    $5,353,000

    Comparable in this City

    • Value Estimation
      $1,190,000
      41,317 SF

      10201 Meridian St

      HOTEL/MOTEL • 41,317 SF
      10201 Meridian St, Carmel, IN 46290-1021
      View Details
    • Value Estimation by Request
      189,109 SF

      9625 Meridian St

      HOTEL/MOTEL • 189,109 SF
      9625 Meridian St, Carmel, IN 46290-1009
      View Details
    • Value Estimation by Request
      1.35 Acres

      Illinois St

      VACANT COMMERCIAL LAND • 1.35 Acres
      Illinois St, Carmel, IN 46290
      View Details
    • Value Estimation by Request
      24,710 SF

      10601 Meridian St Ste, Unit 200

      MEDICAL BUILDING • 24,710 SF
      10601 Meridian St Ste, Carmel, IN 46290-1100
      View Details
    • Value Estimation by Request
      1.57 Acres

      10202 Meridian St

      VACANT COMMERCIAL LAND • 15,027 SF
      10202 Meridian St, Carmel, IN 46290-1022
      View Details
    • Value Estimation by Request

      10201 Illinois St

      Office Properties & Spaces
      10201 Illinois St, Indianapolis, IN 46290
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,994 SF

      Class A Office Space

      Modern office with high-end finishes and best-in-class amenities.
      10401 N Meridian St, Indianapolis, IN 46290
      View Details
    • $24 SF/Yr
      4,973 SF

      Renovated Retail and Office Space

      High-traffic location with retail and office space for lease.
      10293 N Meridian St, Indianapolis, IN 46290
      View Details
    • Contact for pricing
      1,756 SF

      Modern Office Space Available

      High-end office space with modern amenities and convenient location.
      10333 N Meridian St, Indianapolis, IN 46290
      View Details
    • Contact for pricing
      3,728 SF

      Office Space Available For Rent

      Office space available for rent at 10585 N Meridian St.
      10585 N Meridian St, Indianapolis, IN 46290
      View Details
    • $19 SF/Yr
      22,000 SF

      Carmel Office Space For Rent

      Premier multi-use property with high visibility and tenant amenities.
      10330 N Meridian St, Indianapolis, IN 46290
      View Details
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    37 103rd St
    Carmel, IN 46290-1165
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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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