Property profile

615 Carmel Dr Carmel, IN 46032

OFF-MARKET
Drive through restaurants
Property ID
US31-0047860
4,833 SF 0.93 ac lot Built 1994
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Construction WOOD
Total area 4,833 SF
Lot 0.93 ac (40,511 SF)
APN 29-10-31-000-017.000-018
UPID US31-0047860

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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Physician Medical Clinic
  • Medical Clinic
  • Restaurant Take-out & Catering
  • Marriage Or Relationship Counselor

Location

615 Carmel Dr Carmel, IN 46032-2815
Carmel metro Census 111007 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
by Request
Comparable Approach Comparable
$708k
Blend (final) Blend
$675k

Owner & transaction history

since 2013
6 recorded transactions
2013
Price N/A
2010
Price N/A
2009
Price N/A
2009
Price N/A
2007
Price N/A
2007
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $685,000 +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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