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    4335 106th St Carmel, IN 46032-7774

    • Strip malls
    • 30,220 SF
    • 3.67 lot acres
    OFF-MARKET
    Value Estimation
    $8,610,000
    Last Sale
    Jul 15, 2022
    $7,600,000
    Location Intelligence
    Property ID
    US31-1423764
    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

    • Dr. Nicholas Shelby / Chiropractor / Practitioner Service Location
    • DownFlow Gutter Cleaning / Gutter Cleaning Service
    • W 106 Cleaners / Dry Cleaner
    • Carmel Runners Club / Club
    • Roselli’s Pizza / Pizza Restaurant

    Property Details for 4335 106th St

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.67 lot acres
    Property size
    30,220 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    29-13-07-012-002.000-018
    APU
    291307012002000018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,630,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,310,000
      6.5%
      $8,015,000
      7%
      $8,415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,940,000
      Geo Method
      $7,120,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,245,000
      Retail
      $6,835,000
      Mixed-Use
      $7,755,000
      Hospitality
      $7,085,000
      Educational
      $6,320,000
      Residential Income
      $7,775,000
      Energy
      $8,620,000
      Income-Based Land
      $7,410,000
      Food Service
      $8,580,000

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.2347
    Latitude
    39.9399
    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
    $109,925
    $1,743,300
    $3,705,700
    $5,449,000
    -
    $1,743,300
    $3,705,700
    $5,449,000

    Comparable in this City

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      452 Carmel Dr

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      9,600 SF

      736 Hanover Pl

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
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      127,767 SF

      2160 Keystone Way

      SHOPPING CENTER, STRIP CENTER • 127,767 SF
      2160 Keystone Way, Carmel, IN 46032
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    • Value Estimation by Request
      26,302 SF

      12955 Old Meridian St

      SHOPPING CENTER, STRIP CENTER • 26,302 SF
      12955 Old Meridian St, Carmel, IN 46032-7100
      View Details

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    Similar Nearby for Lease

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      Retail Space in West Carmel

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      Retail space in high-traffic area with diverse tenant mix.
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      4,000 SF

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      Retail space available in Kroger anchored shopping center.
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      Retail Space in High-Traffic Area

      Retail space in a high-traffic area with diverse tenants.
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      View Details
    • Contact for pricing
      3,446 SF

      Retail Space in Merchants’ Square

      Retail space available in high-traffic shopping center.
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      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      1.1k
    • Avg Time on site
      22 min
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    4335 106th St
    Carmel, IN 46032-7774
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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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