Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    503 Carmel Dr Carmel, IN 46032-2567

    • Auto shops
    • 15,000 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimation
    $560,000
    Location Intelligence
    Property ID
    US31-0196770
    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

    • Caliber Collision / Auto Body Shop / Auto Bodywork Mechanic

    Property Details for 503 Carmel Dr

    Year built
    1985
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.99 lot acres
    Property size
    15,000 SF
    Property type
    Auto shops
    APN
    29-09-36-000-047.001-018
    APU
    290936000047001018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $635,000

    • CAP approach

      CAP return
      Estimation
      6%
      $540,000
      6.5%
      $550,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $620,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $580,000
      Mixed-Use
      $455,000
      Hospitality
      $475,000
      Educational
      $535,000
      Residential Income
      $565,000
      Energy
      $550,000
      Income-Based Land
      $500,000
      Food Service
      $545,000

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1351
    Latitude
    39.9604
    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
    $11,318
    $205,600
    $355,800
    $561,400
    -
    $205,600
    $355,800
    $561,400

    Comparable in this City

    • Value Estimation by Request
      32,697 SF

      9896 Michigan Rd

      AUTO REPAIR, GARAGE • 32,697 SF
      9896 Michigan Rd, Carmel, IN 46032-7925
      View Details
    • Value Estimation
      $2,000,000
      7,930 SF

      431 Carmel Dr

      AUTO REPAIR, GARAGE • 7,930 SF
      431 Carmel Dr, Carmel, IN 46032-2529
      View Details
    • Value Estimation
      $600,000
      11,260 SF

      1430 Keystone Way

      AUTO REPAIR, GARAGE • 11,260 SF
      1430 Keystone Way, Carmel, IN 46032
      View Details
    • Value Estimation
      $1,865,000
      6,968 SF

      904 Main St

      AUTO REPAIR, GARAGE • 6,968 SF
      904 Main St, Carmel, IN 46032-1432
      View Details
    • Value Estimation
      $335,000
      3,360 SF

      1116 Main St

      AUTO REPAIR, GARAGE • 3,360 SF
      1116 Main St, Carmel, IN 46032-1436
      View Details
    • Value Estimation
      $495,000
      9,000 SF

      969 Rangeline Rd

      AUTO REPAIR, GARAGE • 9,000 SF
      969 Rangeline Rd, Carmel, IN 46032-1361
      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.
      7015 E 146Th St, Carmel, IN 46032
      View Details
    • $3,000,000
      4,800 SF

      Downtown Carmel Office/Retail Gem

      4,800 SF Class A Office & Retail Space
      30 1St St, Carmel, IN 46032
      View Details
    • Contact for pricing
      3.60 Acres

      Downtown Carmel Development Land

      Prime 3.6-Acre Commercial Lot
      105 Carmel Dr, Carmel, IN 46032
      View Details
    • $1,050,000

      Carmel Land For Sale

      Approximately 1.78 acres of land zoned UC.
      12800 N Old Meridian St, Carmel, IN 46032
      View Details
    • $524,900
      1.00 Acre

      Carmel Acre Lot for Home

      One-acre residential lot in Asherwood, Carmel, build your dream home.
      1434 N Asherwood Ln, Carmel, IN 46032
      View Details
    • $400,000
      Pending

      Carmel Office Property For Sale

      Commercial property in Carmel, Indiana, suitable for office conversion.
      3750 W 97Th St, Carmel, IN 46032
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      196,154 SF

      Carmel Retail Center - Prime Location

      High-traffic retail space, 196,154 sqft.
      116th St & Spg Ml Rd, Carmel, IN 46032
      View Details
    • Contact for pricing
      31,000 SF

      Monon Square Retail Spaces

      Midtown Carmel retail, restaurant opportunities.
      610 Range Line Rd, 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
      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

    Property Visit Statistics

    • Visits by month
      841
    • Visitors by month
      731
    • Avg Time on site
      26 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    503 Carmel Dr
    Carmel, IN 46032-2567
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.