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Property profile & analytics
OFF-MARKET
Estimated value
$8,005,000
Office Spaces
525 Congressional Blvd Carmel, IN 46032-5647
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0365193
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
52,342 SF
Lot
6.09 ac (265,281 SF)
APN
29-09-35-001-014.000-018
UPID
US31-0365193
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
-
Coram Deo Academy High School
-
Revive Electronics, LLC Corporate Office
-
Shore Window Cleaning (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.96M
CAP Approach
CAP
$10.87M
Comparable Approach
Comparable
$8.32M
Blend (final)
Blend
$8.01M
Owner & transaction history
525 Congressional Blvd LLC · 3 yrs held
525 Congressional Blvd LLC
since 2022
Last sale
$6.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,100,000
ML approach
$7,955,000
CAP Approach
CAP Return
Estimation
6%
$11,775,000
6.5%
$10,870,000
7%
$10,095,000
Blend value · Realmo final
$8.01M
Range $7.20M – $8.81M · ±10% · vs last sale $6.40M (Jul 25 2022)
Last sale anchor
$6.40M
Jul 25 2022
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
$153 / 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
$50,550
Tax year 2023
Assessed value
$3,338,300
Assessed 2023
Previous assessed
$3,338,300
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$1,331,300
Assessed improvement
$2,007,000
Land market value
$1,331,300
Improvement market value
$2,007,000
Total market value
$3,338,300
Applied tax rate
18.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
52,342 SF
Lot
6.09 ac (265,281 SF)
APN
29-09-35-001-014.000-018
UPID
US31-0365193
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
Building & site characteristics
From public records
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
6.09 ac
Current owner
From public records · entity-resolved
525 Congressional Blvd LLC
Entity
Mailing address
9662 ALLISONVILLE RD, INDIANAPOLIS, IN 46250-2910
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2022
$6,395,000
525 Congressional Blvd LLC
Round Room Real Estate Holdings LLC
Limited Warranty Deed
$4,796,250 · Elements Financial FCU
Dec 2, 2020
$5,398,258
Round Room R & E Hldgs LLC
Cellular Connection LLC
Grant Deed
—
Jan 21, 2020
—
Round Room LLC
Rei Real Estate Services LLC
Grant Deed
related
—
Apr 1, 2013
—
Moorehead Communications INC
Hlm Properties
Grant Deed
$3,120,000 · Pnc Bank
—
—
Moorehead Communications INC
—
Deed Of Trust
related
$60,000,000 · Pnc Bk/ky
—
—
Moorehead Communications INC
—
Loan Modification
related
$10,000,000 · Pnc Bk
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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