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    105 Carmel Dr Carmel, IN 46032

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    For Lease
    Contact for pricing

    10,488 SF, 3.6 Acres, High Traffic

    Lot size:
    10,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 105 Carmel Dr

    General Information

    Property type
    Automotive properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,488 SF

    Unit(s) available at that property

    Space
    Size
    10,488 SF

    HighLights

    • 10,488 SF single‑tenant retail/automotive building.
    • Situated on a 3.6‑acre lot.
    • Features 5 drive‑ins.
    • I‑1 zoning in Hamilton County.
    • Excellent access to I‑69, I‑70, I‑74, and I‑65 via I‑465.
    Property Profile Location Intelligence

    Current Use by Public Records

    DavAni Armenian BBQ Caterer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1285286
    Latitude
    39.9609313

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    FAQs

    What type of property is this?
    Automotive property - 10,488 SF, 3.6 Acres, High Traffic
    Where is this automotive property located?
    The property is located at 105 Carmel Dr Carmel, IN.
    What are key features of this property?
    This property features: 10,488 SF single-tenant retail/automotive building.; Situated on a 3.6-acre lot.; Features 5 drive-ins.
    Request Owner's contact information
    105 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
    105 Carmel Dr Carmel, IN 46032
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