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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Parking lots & garages
Spg Ml Rd Carmel, IN 46280
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-3070656
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2007
Construction
CONCRETE
Total area
155,928 SF
Lot
2.25 ac (98,010 SF)
APN
29-13-11-000-026.000-018
UPID
US31-3070656
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.94M
Owner & transaction history
Doc-250 West 96th Street Mob L · 8 yrs held
Doc-250 West 96th Street Mob L
since 2017
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / 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
$47,751
Tax year 2023
Assessed value
$2,368,600
Assessed 2023
Previous assessed
$2,368,600
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,293,800
Assessed improvement
$1,074,800
Land market value
$1,293,800
Improvement market value
$1,074,800
Total market value
$2,368,600
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
155,928 SF
Lot
2.25 ac (98,010 SF)
APN
29-13-11-000-026.000-018
UPID
US31-3070656
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
2007
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
2.25 ac
Current owner
From public records · entity-resolved
Doc-250 West 96th Street Mob L
Individual
Free & Clear · 8 yrs held
Mailing address
4040 VINCENNES CIR, INDIANAPOLIS, IN 46268-3027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2017
—
Doc-250 West 96th Street Mob L
Ambrose Parkwood West I LLC
Grant Deed
related
—
Jan 3, 2017
—
Ambrose Parkwood West I LLC
Duke Realty LP
Grant Deed
—
Dec 28, 2011
—
Duke Realty LP
Duke Realty LP
Quit Claim Deed
related
—
Apr 6, 2009
—
Duke Secured Financing 2009
Duke Realty
Quit Claim Deed
$43,000,000 · Unum Life Ins Co America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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