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    Property profile & analytics

    433 Carmel Dr Carmel, IN 46032-2529

    • Warehouses
    • 11,178 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    $475,000
    Location Intelligence
    Property ID
    US31-0980300
    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

    • Superior Auto Works / Auto Repair Shop
    • Carmel Superior Imports II LLC / Used Car Dealer
    • Commercial Roofing Services LLC / Roofing Contractor
    • Hearthview Residential / Home Builder

    Property Details for 433 Carmel Dr

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.62 lot acres
    Property size
    11,178 SF
    Property type
    Warehouses
    APN
    29-09-36-000-043.104-018
    APU
    290936000043104018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $660,000
      6.5%
      $605,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $560,000
      Geo Method
      $650,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $620,000
      Retail
      $625,000
      Mixed-Use
      $715,000
      Hospitality
      $550,000
      Educational
      $620,000
      Residential Income
      $715,000
      Energy
      $720,000
      Income-Based Land
      $690,000
      Food Service
      $535,000

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1342
    Latitude
    39.9614
    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
    $6,274
    $180,300
    $130,900
    $311,200
    -
    $180,300
    $130,900
    $311,200

    Comparable in this City

    • Value Estimation by Request
      76,126 SF

      12202 Hancock St

      WAREHOUSE, STORAGE • 76,126 SF
      12202 Hancock St, Carmel, IN 46032-5805
      View Details
    • Value Estimation by Request
      700 SF

      9815 Mayflower Park Dr, Unit 200

      WAREHOUSE, STORAGE • 700 SF
      9815 Mayflower Park Dr, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      900 SF

      9815 Mayflower Park Dr, Unit 600

      WAREHOUSE, STORAGE • 900 SF
      9815 Mayflower Park Dr, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      900 SF

      9815 Mayflower Park Dr, Unit 900

      WAREHOUSE, STORAGE • 900 SF
      9815 Mayflower Park Dr, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      4,150 SF

      9834 Michigan Rd

      MINI-WAREHOUSE, STORAGE • 4,150 SF
      9834 Michigan Rd, Carmel, IN 46032-7925
      View Details
    • Value Estimation
      $925,000
      28,991 SF

      1422 Chase Ct

      WAREHOUSE, STORAGE • 28,991 SF
      1422 Chase Ct, Carmel, IN 46032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.15 Acres

      Carmel, IN Commercial Land - 3.15 Acres

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

      West Carmel Commercial Land

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

      Carmel Townhome with Pond Views

      Move-in ready townhome with pond views, close to amenities.
      11777 Harvard Ln, Carmel, IN 46032
      View Details
    • $15,900,000

      Carmel Redevelopment Site For Sale

      Premier redevelopment site in Carmel, Indiana, totaling 3.15 acres.
      1037 South Range Line Rd, Carmel, IN 46032
      View Details
    • $11,000,000
      84,963 SF

      Two-Building Office Portfolio in Carmel

      Two-building office portfolio totaling ±84,963 RSF on 7.64 acres.
      11405-11495 N Pennsylvania St, Carmel, IN 46032
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    • $799,900
      1.00 Acre

      Carmel Commercial Land in Weston

      Prime commercial lot in high-growth Carmel location.
      Weston Pointe Dr, Carmel, IN 46032
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      76,735 SF

      Carmel Tech Center Warehouse Space

      76,735 SF Warehouse, Multiple Suites Available
      12202 Hancock St, Carmel, IN 46032
      View Details
    • Contact for pricing
      26,098 SF

      Hamilton Crossing Flex/Industrial Space

      Flex/Industrial space in Hamilton Crossing Office Park for lease.
      12722-12802 Hamilton Crossing Blvd, Carmel, IN 46032
      View Details
    • Contact for pricing
      10,488 SF

      Curley Building: Prime Retail/Industrial Site

      10,488 SF, 3.6 Acres, High Traffic
      105 Carmel Dr, Carmel, IN 46032
      View Details
    • $15 SF/Yr
      73,657 SF

      Carmel Tech Center Building 2

      Flex space • 73,657 SF
      12300 Hancock St, Carmel, IN 46032
      View Details
    • $10 SF/Yr
      172,643 SF

      4305-4353 96Th St

      Flex space • 172,643 SF
      4305-4353 96Th St, Carmel, IN 46032
      View Details
    • $23 SF/Yr
      93,355 SF

      SePRO Tower: Carmel Office Space

      Prime Carmel office suites, various sizes.
      11550 Meridian St, Carmel, IN 46032
      View Details
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    Carmel, IN 46032-2529
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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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