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    Property profile & analytics

    5 Main St Carmel, IN 46032-1763

    • Retail space
    • 1,060 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 04, 2022
    Location Intelligence
    Property ID
    US31-0402903
    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

    • Elysian Collective / Hair Extension Technician / Hair Salon
    • Elysian Extension & Color Salon / Beauty Salon

    Property Details for 5 Main St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.03 lot acres
    Property size
    1,060 SF
    Property type
    Retail space
    APN
    29-09-25-162-018.000-018
    APU
    290925162018000018

    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
    -86.1274
    Latitude
    39.9782
    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
    $2,121
    $63,800
    $41,400
    $105,200
    -
    $63,800
    $41,400
    $105,200

    Comparable in this City

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      14,576 SF

      313 Carmel Dr

      RETAIL STORES (PERSONAL SERVICES) • 14,576 SF
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      $445,000
      6,440 SF

      303 Carmel Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,440 SF
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    • Value Estimation
      $355,000
      1,500 SF

      22 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      22 Main St, Carmel, IN 46032-1764
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    • Value Estimation
      $450,000
      5,724 SF

      111 Medical Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,724 SF
      111 Medical Dr, Carmel, IN 46032-2922
      View Details
    • Value Estimation
      $450,000
      2,327 SF

      Rangeline Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,327 SF
      Rangeline Rd, Carmel, IN 46032
      View Details

    Similar Nearby for Sale

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      2,397 SF

      Carmel Retail Condominiums For Sale

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      3.15 Acres

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      Prime Redevelopment Site in Carmel, IN
      1037 Range Line Rd, Carmel, IN 46032
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    • $999,900
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    Similar Nearby for Lease

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      1,400 SF

      Carmel Retail Space Available

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      13610-13710 N Meridian St, Carmel, IN 46032
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      Carmel Retail Space For Lease

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      271 Merchants Square Dr, Carmel, IN 46032
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      Retail Space in High-Traffic Area

      Retail space in a high-traffic area with diverse tenants.
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      1,200 SF

      Retail Space on Main Street

      Retail space available for lease on Main Street.
      844 W Main St, Carmel, IN 46032
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    • Contact for pricing
      4,000 SF

      Retail Space in Kroger Center

      Retail space available in Kroger anchored shopping center.
      10725 N Michigan Rd, Carmel, IN 46032
      View Details
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    5 Main St
    Carmel, IN 46032-1763
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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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