Property profile

105 W Carmel Dr Carmel, IN 46032

FOR SALE
Retail space
Property ID
US31-0196780
5,500 SF 3.6 ac lot Built 1971
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,488-square-foot retail and industrial property, located at 105 Carmel Drive, presents a unique investment opportunity. Currently configured as a single-tenant automotive business, the building sits on a generous 3.6-acre lot, providing ample space for expansion or future development. The property boasts five convenient drive-ins, ensuring easy access for customers and deliveries. Its strategic location offers unparalleled connectivity to major thoroughfares, including I-69, I-70, I-74, and I-65 via I-465, maximizing exposure and accessibility. The I-1 zoning provides flexibility for a variety of uses. Situated near Carmel amenities, this property benefits from a strong local market and high visibility. The substantial lot size offers significant potential for future development or expansion of the existing structure. This is an ideal opportunity for investors seeking a well-located, versatile property with strong growth potential in a thriving area. The property's size and location make it an attractive option for a variety of businesses seeking a prominent presence in the Carmel market. Hamilton County location adds to its desirability.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Construction WOOD
Total area 5,500 SF
Lot 3.6 ac (156,816 SF)
APN 29-09-36-402-003.000-018
UPID US31-0196780

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service

Location

105 W Carmel Dr Carmel, IN 46032
Carmel metro Census 111011 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
$975k
Comparable Approach Comparable
$832k
Blend (final) Blend
$515k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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