Property profile

698 Pro Med Ln Carmel, IN 46032

OFF-MARKET
Office Spaces
Property ID
US31-0027563
8,350 SF 1.12 ac lot Built 1997
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1997
Construction WOOD
Total area 8,350 SF
Lot 1.12 ac (48,787 SF)
APN 29-09-25-001-002.000-018
UPID US31-0027563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

698 Pro Med Ln Carmel, IN 46032-5319
Carmel metro Census 110905 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.68M
CAP Approach CAP
$1.74M
Comparable Approach Comparable
$1.98M
Blend (final) Blend
$1.72M

Owner & transaction history

since 2023
Last sale
$1.2M
6 recorded transactions
2023
$1.2M
2021
Price N/A
2018
$1.3M
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $2.4M +4.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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