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    650 E Carmel Dr Carmel, IN 46032

    For Lease
    $21 SF/Yr ($1,352 /Mo)

    Retail space with drive-thru and ATM in Carmel, Indiana.

    Property size:
    755 SF
    Lot size:
    1.18 Acres

    Property Features for 650 E Carmel Dr

    General Information

    Size
    755 SF
    Lot size
    1.18 Acres

    Source: Alo Property Group Agent Ashley Bussell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Carmel Retail Space with Drive-Thru

    This retail property, suitable for banks and individual retail businesses, offers 755 square feet of space. It features a bank branch complete with a drive-thru and an ATM. The property is under new ownership and has undergone several capital improvements in the last three years, including upgrades to the HVAC system, lighting, and elevators. Located in the heart of Carmel, Indiana, the property benefits from numerous area amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northwest Bank Business ... Business Banking Service JB Graphics, Inc. Graphic Designer Thrive Mortgage - Carmel IN Mortgage Lender Lawson & Elser Inc Structural Engineer Flight Burger Hamburger Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1153567
    Latitude
    39.9624253

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    FAQs

    What type of property is this?
    Bank - Retail space with drive-thru and ATM in Carmel, Indiana.
    Where is this bank located?
    The property is located at 650 E Carmel Dr Carmel, IN.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Located in the heart of Carmel with many area amenities; - New capital improvements - **HVAC, lighting, elevators in the last 3 years**; - Bank branch with drive-thru & ATM
    (317) 340-8630
    Request Owner's contact information
    650 E Carmel Dr Carmel, IN 46032
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    Carmel, IN 46032
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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
    650 E Carmel Dr Carmel, IN 46032
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