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Property profile & analytics
OFF-MARKET
Estimated value
$11,710,000
Warehouses
9801 Mayflower Park Dr Carmel, IN 46032-7970
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-3083242
Property summary
AI-generated overview
This exceptional Class A industrial property, built in 2020, offers 19,846 square feet of immediately available flex space, with a minimum divisible unit of 15,092 square feet. Located at 9801 Mayflower Park Drive, Carmel, IN 46032, this single-story building boasts a total of 82,000 square feet and sits on a 5.83-acre lot. The property features a 28-foot ceiling height, five loading docks with five dock-high doors, and one drive-in door. Ample parking is provided with 74 spaces. The building is zoned industrial and situated in the desirable Park 100 submarket, within the West Carmel, Zionsville cluster in Hamilton County. Access to major thoroughfares like Michigan Road and 465 is excellent. While a minimum of 15,092 square feet is available, tenants requiring access to the loading docks and drive-in door can lease between 2,000 and 5,000 additional square feet. The property's building floor area ratio (FAR) is 3.2, and annual property taxes are $1.25 per square foot. This prime location and flexible space make it ideal for a variety of industrial and distribution businesses. The cross streets are 96th and Mayflower Park Drive.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Construction
TYPE NOT SPECIFIED
Total area
84,240 SF
Lot
5.48 ac (238,709 SF)
APN
29-13-07-021-003.000-018
UPID
US31-3083242
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
-
rEvolution (Indianapolis Office) Advertising Agency Marketing & Advertising
-
Lansing Building Products Hardware & Home Improvement Interior Design
-
Competitive Greatness Gym & Fitness Center
-
Genesis Sports Performance Northwest Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.37M
Comparable Approach
Comparable
$12.50M
Blend (final)
Blend
$11.71M
Owner & transaction history
Mayflower Alt LLC · 7 yrs held
Mayflower Alt LLC
since 2019
3 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,235,000
6.5%
$10,370,000
7%
$9,630,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,150,000
Current use
Blend value · Realmo final
$11.71M
Range $10.54M – $12.88M · ±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
$139 / 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
$102,989
Tax year 2023
Assessed value
$5,108,600
Assessed 2023
Previous assessed
$5,108,600
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$844,800
Assessed improvement
$4,263,800
Land market value
$844,800
Improvement market value
$4,263,800
Total market value
$5,108,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
84,240 SF
Lot
5.48 ac (238,709 SF)
APN
29-13-07-021-003.000-018
UPID
US31-3083242
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
WAREHOUSE, STORAGE Current
Est. value
$12.2M
WAREHOUSE, STORAGE Current
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
2020
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
5.48 ac
Current owner
From public records · entity-resolved
Mayflower Alt LLC
Entity
Free & Clear · 7 yrs held
Mailing address
10650 BENNETT PKWY STE #200, ZIONSVILLE, IN 46077-7851
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2019
$874,500
Mayflower Alt LLC
Servicesreal Est L Performance
Warranty Deed
—
Aug 3, 2012
$3,750,000
Ip9 Carmel Office Investors
Kpjv 4400 West 96th Street LP
Grant Deed
—
Aug 3, 2012
—
Scott A Guenther
—
Trustees Deed
related
$5,005 · Forum Cu
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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