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Property profile & analytics
OFF-MARKET Estimated value $1,325,000
Warehouses

201 Carmel Dr Carmel, IN 46032-2527

75,610 SF 5.45 ac lot Built 1972
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-3540944
Property summary
AI-generated overview

This exceptional 10,000 square foot commercial space, part of an 84,425 square foot building, is ideally situated at 201 W Carmel Dr, Carmel, IN 46032. The property boasts a prime location offering high visibility and strong foot traffic in a busy downtown area. A private entrance ensures convenient and discreet access to the space. The flexible layout is suitable for a variety of uses, including training facilities, agility courses, skills development centers, arts studios, or recreational businesses. The space features a 30-foot ceiling height and is part of a larger complex with a newly paved parking lot offering 50+ spaces. The property sits on a 5.45-acre lot and is classified as Class C. The building itself is a single structure with multiple tenants. This versatile space presents a unique opportunity for businesses seeking a prominent location with ample parking and flexible design options. The available space is part of a larger retail and industrial property, offering a blend of warehouse and flex space characteristics. The property is conveniently located in Carmel, Indiana, providing easy access to major transportation routes and a thriving local community. This is a rare opportunity to secure a substantial space in a desirable location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1972
Construction TYPE NOT SPECIFIED
Total area 75,610 SF
Lot 5.45 ac (237,402 SF)
APN 29-09-36-000-045.000-018
UPID US31-3540944
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hollywood Sports Center Gym & Fitness Center
  • Hollywood Allstars Cheer & Dnc Gym & Fitness Center
  • Famous Kids LLC dba Hollywood Cheer and Tumble Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.46M
Blend (final) Blend
$1.33M
Owner & transaction history
Horton Fan Systems INC · 21 yrs held
Horton Fan Systems INC
since 2004
1 recorded transaction
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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