Property profile

2370 116th St Carmel, IN 46032

OFF-MARKET
Drive through restaurants
Property ID
US31-1151824
3,136 SF 0.92 ac lot Built 1980
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1980
Construction WOOD
Total area 3,136 SF
Lot 0.92 ac (40,075 SF)
APN 29-10-31-000-016.009-018
UPID US31-1151824

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

2370 116th St Carmel, IN 46032-3217
Carmel metro Census 111007 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
$534k
Blend (final) Blend
$600k

Owner & transaction history

since 2013
6 recorded transactions
2013
Price N/A
2013
Price N/A
2010
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $445,000 +9.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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