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    11503 Springmill Rd Carmel, IN 46032

    For Lease
    Contact for pricing

    Retail space available for lease in Carmel, Indiana.

    Property size:
    2,193 SF
    Lot size:
    3.60 Acres

    Property Features for 11503 Springmill Rd

    General Information

    Size
    2,193 SF
    Lot size
    3.60 Acres

    Source: ECHO Retail | Indianapolis Agent Paul Gold

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

    Overview

    Retail Space in Carmel, Indiana

    This retail space, located in Carmel, Indiana, offers 2,193 square feet of space. The surrounding area has a population of 64,285, with an average home value of $388,346 and a median household income of $89,138 across 28,289 households. The median age in the area is 41. The location benefits from high traffic volume, with 64,514 ADT on US Route 31 and 14,213 ADT on 116th Street.
    Location Intelligence

    Current Use by Public Records

    YogaSix Carmel Yoga Studio Get Go Cafe ... Gas Station Intentional Nutrition & Wellness Weight Loss Service Lucille Marie Hair Hairdresser Los Arroyos Mexican ... Mexican Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1646102
    Latitude
    39.9545027

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    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Carmel, Indiana.
    Where is this retail space located?
    The property is located at 11503 Springmill Rd Carmel, IN.
    What are key features of this property?
    This property features: - High Traffic Volume: 64,514 ADT on US Route 31; - Substantial Population: 64,285 Residents; - High Median Household Income: $89,138
    (317) 218-8100
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    11503 Springmill Rd 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
    11503 Springmill Rd Carmel, IN 46032
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