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    Property profile & analytics

    1122 Keystone Way Carmel, IN 46032-3231

    • Turn key restaurants
    • 5,820 SF
    • 1.90 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0220007
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Goodwill Store / Used Furniture Store / Thrift Store

    Property Details for 1122 Keystone Way

    Year built
    1984
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.90 lot acres
    Property size
    5,820 SF
    Property type
    Turn key restaurants
    APN
    29-10-31-000-016.002-018
    APU
    291031000016002018

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1155
    Latitude
    39.9608
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,723
    $950,000
    $1,268,100
    $2,218,100
    -
    $950,000
    $1,268,100
    $2,218,100

    Comparable in this City

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      14,740 SF

      Main St

      RESTAURANT • 14,740 SF
      Main St, Carmel, IN 46032
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      10,373 SF

      1390 Keystone Way

      RESTAURANT • 10,373 SF
      1390 Keystone Way, Carmel, IN 46032-3235
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    • Value Estimation by Request
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      10325 Michigan Rd

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      11,704 SF

      508 Carmel Dr

      RESTAURANT • 11,704 SF
      508 Carmel Dr, Carmel, IN 46032-2814
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      $585,000
      6,535 SF

      14636 Greyhound Plz

      RESTAURANT • 6,535 SF
      14636 Greyhound Plz, Carmel, IN 46032-1095
      View Details

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      West Carmel Commercial Land

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      Carmel Townhome with Pond Views

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    Similar Nearby for Lease

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      Midtown Carmel retail, restaurant opportunities.
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      8,640 SF

      Carmel Retail/Restaurant/Bank Space Available

      Prime location for bank, restaurant, or retail in Carmel.
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      Carmel Retail Space For Lease

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      Retail Space in High-Traffic Area

      1,275 SF retail space in Zionsville, high-traffic location.
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      2,193 SF

      Retail Space in Carmel, Indiana

      Retail space available for lease in Carmel, Indiana.
      11503 Springmill Rd, Carmel, IN 46032
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    Property Visit Statistics

    • Visits by month
      10.1k
    • Visitors by month
      7.2k
    • Avg Time on site
      70 min
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    1122 Keystone Way
    Carmel, IN 46032-3231
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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
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