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    Property profile & analytics

    1732 116th St Carmel, IN 46032-3506

    • Strip malls
    • 7,795 SF
    • 5.02 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1148312
    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

    • Greek Tony's Pizza & Sub Shop / Pizza Restaurant / Greek Restaurant

    Property Details for 1732 116th St

    Year built
    1972
    Construction
    WOOD
    Lot size
    5.02 lot acres
    Property size
    7,795 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    29-10-31-000-031.000-018
    APU
    291031000031000018

    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
    -86.125
    Latitude
    39.9573
    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
    $40,181
    $1,386,000
    $607,100
    $1,993,100
    -
    $1,386,000
    $607,100
    $1,993,100

    Comparable in this City

    • Value Estimation by Request
      16,400 SF

      4400 Weston Pointe Dr

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    • Value Estimation by Request
      14,308 SF

      452 Carmel Dr

      SHOPPING CENTER, STRIP CENTER • 14,308 SF
      452 Carmel Dr, Carmel, IN 46032-2812
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    • Value Estimation by Request
      9,600 SF

      736 Hanover Pl

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      736 Hanover Pl, Carmel, IN 46032-3080
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    • Value Estimation by Request
      127,767 SF

      2160 Keystone Way

      SHOPPING CENTER, STRIP CENTER • 127,767 SF
      2160 Keystone Way, Carmel, IN 46032
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    • Value Estimation by Request
      26,302 SF

      12955 Old Meridian St

      SHOPPING CENTER, STRIP CENTER • 26,302 SF
      12955 Old Meridian St, Carmel, IN 46032-7100
      View Details
    • Value Estimation by Request
      10,960 SF

      301 Carmel Dr

      SHOPPING CENTER, STRIP CENTER • 10,960 SF
      301 Carmel Dr, Carmel, IN 46032-2888
      View Details

    Similar Nearby for Sale

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      2,397 SF

      Carmel Retail Condominiums For Sale

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    • $3,000,000
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      3.15 Acres

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      Prime Redevelopment Site in Carmel, IN
      1037 Range Line Rd, Carmel, IN 46032
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    • $999,900
      1.00 Acre

      West Carmel Commercial Land

      Prime 1-acre retail lot, build-to-suit.
      0 Weston Pointe Dr, Zionsville, IN 46032
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    • $415,000
      2,432 SF

      Carmel Townhome with Pond Views

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      Prime commercial lot in high-growth Carmel location.
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    Similar Nearby for Lease

    • Contact for pricing
      1,100 SF

      Retail Space in West Carmel

      Former ubreakifix endcap in Starbucks anchored strip center.
      10460 N Michigan Rd, Carmel, IN 46032
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    • Contact for pricing
      1,389 SF

      Carmel Retail Space For Rent

      Retail space in well-located community shopping center in Carmel.
      1412 S Range Line Rd, Carmel, IN 46032
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      1,728 SF

      Retail Space in Merchants’ Square

      Retail space in high-traffic area with diverse tenant mix.
      271 Merchants Square Dr, Carmel, IN 46032
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    • Contact for pricing
      2,277 SF

      Retail Space in High-Traffic Area

      Retail space in a high-traffic area with diverse tenants.
      2438 E 116Th St, Carmel, IN 46032
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    • Contact for pricing
      4,000 SF

      Retail Space in Kroger Center

      Retail space available in Kroger anchored shopping center.
      10725 N Michigan Rd, Carmel, IN 46032
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    • Contact for pricing
      3,446 SF

      Retail Space in Merchants’ Square

      Retail space available in high-traffic shopping center.
      2140-2208 E 116Th St, Carmel, IN 46032
      View Details

    Property Visit Statistics

    • Visits by month
      768
    • Visitors by month
      605
    • Avg Time on site
      10 min
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    1732 116th St
    Carmel, IN 46032-3506
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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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