Property profile

10220 Michigan Rd Carmel, IN 46032

OFF-MARKET
Turn key restaurants
Property ID
US31-2859727
5,671 SF 1.64 ac lot Built 2013
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2013
Construction WOOD
Total area 5,671 SF
Lot 1.64 ac (71,438 SF)
APN 29-13-07-000-008.000-018
UPID US31-2859727

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
  • Restaurant

Location

10220 Michigan Rd Carmel, IN 46032-7947
Carmel metro Census 111103 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$740k
CAP Approach CAP
by Request
Comparable Approach Comparable
$787k
Blend (final) Blend
$765k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Warehouse, storage $800,000 +9.2%

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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