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    Property profile & analytics

    40 Main St Carmel, IN 46032-1764

    • Retail space
    • 320 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 09, 2024
    Location Intelligence
    Property ID
    US31-1151406
    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

    • Carmel Foreclosure Assistance and Carmel Short Sell Assistance / Commercial Real Estate Agency
    • Hillside Psychology, PLLC / Psychologist
    • The Carmel Arts Council Children’s Art Gallery / Art Gallery
    • There, Now You Can Grow / Sculpture
    • Woodys Library Restaurant / Library / New American Restaurant

    Property Details for 40 Main St

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    320 SF
    Property type
    Retail space
    APN
    29-09-25-122-026.000-018
    APU
    290925122026000018

    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
    -86.1283
    Latitude
    39.9786
    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

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      200 Rangeline Rd

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      13090 Petigru Dr

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      13,808 SF

      367 116th St

      RETAIL STORES (PERSONAL SERVICES) • 13,808 SF
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      10,377 SF

      805 Carmel Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,377 SF
      805 Carmel Dr, Carmel, IN 46032-5804
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    • Value Estimation
      $4,470,000
      22,764 SF

      598 Carmel Dr

      RETAIL STORES (PERSONAL SERVICES) • 22,764 SF
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    Similar Nearby for Lease

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      Retail Space in High-Traffic Area

      1,275 SF retail space in Zionsville, high-traffic location.
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    40 Main St
    Carmel, IN 46032-1764
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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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