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Property profile

1420 Main St Carmel, IN 46032

OFF-MARKET
Strip malls
Property ID
US31-3044909
12,245 SF 1.29 ac lot Built 2015
Last sale Sep 2022 · $5,506,008
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This endcap restaurant space is located at 1420 West Main Street in Carmel, Indiana 46032, positioned west of Midtown Carmel. The unit includes restaurant infrastructure in place and is configured to support day-to-day restaurant operations, with provisions for a patio area suitable for outdoor seating or service. The property provides convenient access with multiple ingress and egress points and includes on-site parking designed to accommodate customer arrivals. The site is in a mixed-use area with walkable proximity to nearby hotels and Class-A apartment communities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$70k
Tax billed · 2023
Assessed value$3.46M
Assessed land$839k
Assessed improvement$2.62M
Effective rate2.02%

Value estimate

· Oct 2026
$6.98M
$6.28M – $7.67M
AI approach$7.07M
Submarket $/SF estimate$7.18M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$434/SF
County average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$174 – $586

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHAMILTON

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop23.3
Building Supply20.5
Wholesale Shop19.5

Location

1420 Main St Carmel, IN 46032-1494
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
890 116th, Carmel, IN 46032-3475 $12,050,000 Apr 2025 22,510 SF
9873 Michigan, Carmel, IN 46032-7958 $9,600,000 Oct 2024 15,750 SF
4335 106th, Carmel, IN 46032-7774 $7,600,000 Jul 2022 30,220 SF
10460 Michigan, Carmel, IN 46032-7952 $2,700,000 Sep 2020 5,338 SF
301 Carmel, Carmel, IN 46032-2888 $7,600,000 Jul 2020 10,960 SF
12751 Pennsylvania, Carmel, IN 46032-5516 $5,235,250 Mar 2020 12,089 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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