Property profile

10325 Michigan Rd Carmel, IN 46032

OFF-MARKET
Turn key restaurants
Property ID
US31-0809485
5,233 SF 1.81 ac lot Built 2003
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2003
Construction WOOD
Total area 5,233 SF
Lot 1.81 ac (78,844 SF)
APN 29-13-07-011-002.000-018
UPID US31-0809485

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
  • Association / Organization

Location

10325 Michigan Rd Carmel, IN 46032-7926
Carmel metro Census 111103 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$720k
CAP Approach CAP
by Request
Comparable Approach Comparable
$945k
Blend (final) Blend
$835k

Owner & transaction history

since 2018
7 recorded transactions
2018
$2.6M
2014
Price N/A
2013
Price N/A
2012
Price N/A
2011
Price N/A
2010
Price N/A
2004
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $740,000 +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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10325 Michigan Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message