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    Property profile & analytics

    501 Carmel Dr Carmel, IN 46032-2813

    • Banks
    • 3,386 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0625211
    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

    • KeyBank / Bank / Atm
    • KeyBank ATM / Atm
    • Magnitude Life Sciences / Store

    Property Details for 501 Carmel Dr

    Year built
    1985
    Construction
    WOOD
    Lot size
    1.05 lot acres
    Property size
    3,386 SF
    Property type
    Banks
    APN
    29-10-31-000-016.018-018
    APU
    291031000016018018

    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
    -86.1176
    Latitude
    39.9616
    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
    $27,329
    $945,000
    $410,300
    $1,355,300
    -
    $945,000
    $410,300
    $1,355,300

    Comparable in this City

    • Value Estimation by Request
      3,901 SF

      613 Carmel Dr

      FINANCIAL BUILDING • 3,901 SF
      613 Carmel Dr, Carmel, IN 46032-2815
      View Details
    • Value Estimation by Request
      19,983 SF

      11550 Meridian St

      FINANCIAL BUILDING • 19,983 SF
      11550 Meridian St, Carmel, IN 46032-6956
      View Details
    • Value Estimation by Request
      4,169 SF

      13085 Petigru Dr

      FINANCIAL BUILDING • 4,169 SF
      13085 Petigru Dr, Carmel, IN 46032-4436
      View Details
    • Value Estimation
      $790,000
      2,571 SF

      9640 Michigan Rd

      FINANCIAL BUILDING • 2,571 SF
      9640 Michigan Rd, Carmel, IN 46032-9639
      View Details
    • Value Estimation by Request
      4,528 SF

      635 Carmel Dr

      FINANCIAL BUILDING • 4,528 SF
      635 Carmel Dr, Carmel, IN 46032-2815
      View Details
    • Value Estimation by Request
      5,384 SF

      751 City Ctr Dr

      FINANCIAL BUILDING • 5,384 SF
      751 City Ctr Dr, Carmel, IN 46032-7574
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,397 SF

      Carmel Retail Condominiums For Sale

      Three ground floor retail condominiums available in Carmel, Indiana.
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      Downtown Carmel Office/Retail Gem

      4,800 SF Class A Office & Retail Space
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      Carmel, IN Residential Lot

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      Carmel Meridian Corridor Development Site

      26-acre mixed-use project with high visibility and accessibility.
      Development Site - Meridian Corridor, Carmel, IN 46032
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    • $184,900

      Upgraded Condo in WestClay Village

      Pristine, upgraded condo with new flooring and stainless appliances.
      12938 University Cres, Carmel, IN 46032
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    • Contact for pricing
      3.60 Acres

      Downtown Carmel Development Land

      Prime 3.6-Acre Commercial Lot
      105 Carmel Dr, Carmel, IN 46032
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    Similar Nearby for Lease

    • Contact for pricing
      2,430 SF

      Retail End Cap Suite Available

      Retail suite in high-traffic area near Meijer.
      12505 Old Meridian St, Carmel, IN 46032
      View Details
    • $21 SF/Yr
      755 SF

      Carmel Retail Space with Drive-Thru

      Retail space with drive-thru and ATM in Carmel, Indiana.
      650 E Carmel Dr, Carmel, IN 46032
      View Details
    • Contact for pricing
      8,640 SF

      Carmel Retail/Restaurant/Bank Space Available

      Prime location for bank, restaurant, or retail in Carmel.
      833 W Main St, Carmel, IN 46032
      View Details
    • Contact for pricing
      1,400 SF

      Carmel Retail Space Available

      Retail space in affluent Carmel, Indiana, near major highway.
      13610-13710 N Meridian St, Carmel, IN 46032
      View Details
    • Contact for pricing
      1,200 SF

      Carmel Retail Space For Lease

      Highly visible retail space available for lease in Carmel, Indiana.
      154 Medical Dr, Carmel, IN 46032
      View Details
    • Contact for pricing
      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
      View Details

    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      1.7k
    • Avg Time on site
      11 min
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    Carmel, IN 46032-2813
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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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