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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Medical Office Space
4727 Lisborn Dr Carmel, IN 46033-2201
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0030916
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
TYPE NOT SPECIFIED
Total area
7,965 SF
Lot
0.2 ac (8,712 SF)
APN
29-10-08-000-025.002-015
UPID
US31-0030916
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
-
Smile Generators P.C. Dental Office
-
Walters Todd DDS Dental Office
-
Direct Energy Inc. Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$421k
Blend (final)
Blend
$510k
Owner & transaction history
Healthyland Ents LLC · 6 yrs held
Healthyland Ents LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$810,000
+95.6%
Industrial (general)
$530,000
+28.3%
Commercial (general)
$530,000
+28.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$415,000
Current use
RETAIL STORES
$810,000
Change: +96% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$530,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$480,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$64 / SF
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
$27,141
Tax year 2023
Assessed value
$1,165,600
Assessed 2023
Previous assessed
$1,165,600
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$165,000
Assessed improvement
$1,000,600
Land market value
$165,000
Improvement market value
$1,000,600
Total market value
$1,165,600
Applied tax rate
15.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
7,965 SF
Lot
0.2 ac (8,712 SF)
APN
29-10-08-000-025.002-015
UPID
US31-0030916
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$415,000
RETAIL STORES
Est. value
$810,000
INDUSTRIAL (GENERAL)
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$480,000
MEDICAL BUILDING Current
RETAIL STORES
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Healthyland Ents LLC
Entity
Mailing address
209 E 161ST ST, WESTFIELD, IN 46074-9620
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2019
—
Healthyland Ents LLC
—
Deed
related
$657,011 · Pnc Bk
Jan 7, 2013
—
Healthyland Ents LLC
—
Trustees Deed
related
$641,473 · Community Bank NA
—
—
Healthyland Ents LLC
—
Deed Of Trust
related
—
—
—
Healthyland Ents LLC
—
Deed Of Trust
related
$657,011 · Pnc Bk
—
—
Healthyland Ents LLC
—
Deed Of Trust
related
$646,000 · Premier Capital Corp
—
—
Healthyland Ents LLC
—
Deed Of Trust
related
—
—
—
Healthyland Ents LLC
—
Deed Of Trust
related
$840,000 · Community Bank NA
—
—
Healthyland Ents LLC
—
Deed Of Trust
related
—
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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