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    Property profile & analytics

    16815 Mercantile Blvd Noblesville, IN 46060-3910

    • Turn key restaurants
    • 5,772 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-3390401
    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

    • It's Just Wings / Chicken Wings Restaurant / Chicken Restaurant
    • Strickley Dumpsters / Garbage Collection Service
    • Chili's Grill & Bar / Restaurant / Mexican Restaurant

    Property Details for 16815 Mercantile Blvd

    Year built
    2002
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.60 lot acres
    Property size
    5,772 SF
    Property type
    Turn key restaurants
    APN
    29-11-05-001-002.000-013
    APU
    291105001002000013

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Noblesville
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.9943
    Latitude
    40.0329
    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
    $45,971
    $1,040,000
    $661,300
    $1,701,300
    -
    $1,040,000
    $661,300
    $1,701,300

    Comparable in this City

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      6,401 SF

      16725 Mercantile Blvd

      RESTAURANT • 6,401 SF
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      7,483 SF

      13285 Tegler Dr

      RESTAURANT • 7,483 SF
      13285 Tegler Dr, Noblesville, IN 46060-5411
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      $495,000
      3,270 SF

      550 Westfield Rd

      RESTAURANT • 3,270 SF
      550 Westfield Rd, Noblesville, IN 46060-1320
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      8,021 SF

      17065 Mercantile Blvd

      RESTAURANT • 8,021 SF
      17065 Mercantile Blvd, Noblesville, IN 46060-3941
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    • Value Estimation by Request
      5,582 SF

      13871 Cabela Pkwy

      RESTAURANT • 5,582 SF
      13871 Cabela Pkwy, Noblesville, IN 46060-6706
      View Details
    • Value Estimation by Request
      4,992 SF

      17801 Foundation Dr

      RESTAURANT • 4,992 SF
      17801 Foundation Dr, Noblesville, IN 46060-2408
      View Details

    Similar Nearby for Sale

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      Noblesville Commercial Land - 8.5 Acres

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      Flex Space in Bergen Business Park

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    Property Visit Statistics

    • Visits by month
      16.6k
    • Visitors by month
      23.2k
    • Avg Time on site
      57 min
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    Noblesville, IN 46060-3910
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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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