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    Property profile & analytics

    508 Carmel Dr Carmel, IN 46032-2566

    • Automotive properties
    • 6,840 SF
    • 1.63 lot acres
    OFF-MARKET
    Value Estimation
    $725,000
    Location Intelligence
    Property ID
    US31-0258670
    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

    • Carmel Auto Gallery / Used Car Dealer / Car Dealer

    Property Details for 508 Carmel Dr

    Year built
    1976
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.63 lot acres
    Property size
    6,840 SF
    Property type
    Automotive properties
    APN
    29-09-36-000-038.000-018
    APU
    290936000038000018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $675,000

    • CAP approach

      CAP return
      Estimation
      6%
      $845,000
      6.5%
      $950,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $900,000
      Geo Method
      $1,040,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $980,000
      Retail
      $825,000
      Mixed-Use
      $935,000
      Hospitality
      $935,000
      Educational
      $1,060,000
      Residential Income
      $1,095,000
      Energy
      $965,000
      Income-Based Land
      $1,040,000
      Food Service
      $1,080,000

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1353
    Latitude
    39.963
    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
    $16,749
    $448,300
    $378,800
    $827,100
    -
    $448,300
    $378,800
    $827,100

    Comparable in this City

    • Value Estimation by Request
      79,254 SF

      Main St

      PARKING GARAGE, PARKING STRUCTURE • 79,254 SF
      Main St, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      6,644 SF

      1314 Rangeline Rd

      AUTO REPAIR, GARAGE • 6,644 SF
      1314 Rangeline Rd, Carmel, IN 46032-2932
      View Details
    • Value Estimation by Request
      28,722 SF

      385 City Ctr Dr

      PARKING GARAGE, PARKING STRUCTURE • 28,722 SF
      385 City Ctr Dr, Carmel, IN 46032-3806
      View Details
    • Value Estimation
      $420,000
      3,660 SF

      429 Carmel Dr

      AUTO REPAIR, GARAGE • 3,660 SF
      429 Carmel Dr, Carmel, IN 46032-2529
      View Details
    • Value Estimation
      $375,000
      0.57 Acres

      325 Carmel Dr

      PARKING LOT • 0.57 Acres
      325 Carmel Dr, Carmel, IN 46032-2875
      View Details
    • Value Estimation
      $535,000
      11,552 SF

      312 Gradle Dr

      AUTO REPAIR, GARAGE • 11,552 SF
      312 Gradle Dr, Carmel, IN 46032-2534
      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
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    508 Carmel Dr
    Carmel, IN 46032-2566
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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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