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Property profile

650 Carmel Dr Carmel, IN 46032

OFF-MARKET
Strip malls
Property ID
US31-3184203
10,220 SF 1.64 ac lot Built 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$46k
Tax billed · 2023
Assessed value$2.27M
Assessed land$820k
Assessed improvement$1.45M
Effective rate2.02%

Value estimate

· Oct 2026
$2.25M
$2.02M – $2.47M
CAP approach$2.33M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$434/SF
County average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$174 – $586

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHAMILTON

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center13.9
Storage Facility11.5
Auto Parts Store10.6

Location

650 Carmel Dr Carmel, IN 46032-2502
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
890 116th, Carmel, IN 46032-3475 $12,050,000 Apr 2025 22,510 SF
9873 Michigan, Carmel, IN 46032-7958 $9,600,000 Oct 2024 15,750 SF
1420 Main, Carmel, IN 46032-1494 $5,506,008 Sep 2022 12,245 SF
10460 Michigan, Carmel, IN 46032-7952 $2,700,000 Sep 2020 5,338 SF
301 Carmel, Carmel, IN 46032-2888 $7,600,000 Jul 2020 10,960 SF
12751 Pennsylvania, Carmel, IN 46032-5516 $5,235,250 Mar 2020 12,089 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $6,795,000
    10,960 SF
    301 Carmel Dr
    SHOPPING CENTER, STRIP CENTER
    301 Carmel Dr, Carmel, IN 46032-2888
    View Details
  • Value Estimation
    $1,600,000
    8,041 SF
    12761 Old Meridian St
    SHOPPING CENTER, STRIP CENTER
    12761 Old Meridian St, Carmel, IN 46032-8704
    View Details
  • Value Estimation
    $2,190,000
    13,308 SF
    1311 Rangeline Rd
    SHOPPING CENTER, STRIP CENTER
    1311 Rangeline Rd, Carmel, IN 46032-2931
    View Details
  • Value Estimation
    $980,000
    7,795 SF
    1732 116th St
    SHOPPING CENTER, STRIP CENTER
    1732 116th St, Carmel, IN 46032-3506
    View Details
  • Value Estimation
    $1,555,000
    7,617 SF
    11145 Michigan Rd
    SHOPPING CENTER, STRIP CENTER
    11145 Michigan Rd, Carmel, IN 46032
    View Details
  • Value Estimation
    $2,050,000
    15,720 SF
    162 Carmel Dr
    SHOPPING CENTER, STRIP CENTER
    162 Carmel Dr, Carmel, IN 46032-2633
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    12,490 SF
    Fully Leased Mixed-Use Assemblage
    Three parcels sit at a district intersection near retail, restaurants, galleries, and the Monon Greenway.
    8 West Main Street, Carmel, IN 46032
    View Details
  • New
    Contact for pricing
    1,650 SF
    In-Line Retail and Medical Suite
    In-line suite with strong visibility, access, and parking for retail, service, medical, or boutique office use.
    12505 Old Meridian St., Carmel, IN 46032
    View Details
  • New
    Contact for pricing
    233,727 SF
    Shadow-Grocery Anchored Retail Center
    Grocery-anchored retail center prominently positioned at a busy Carmel intersection with multiple recently executed leases.
    2140-2208 E 116th St, Carmel, IN 46032
    View Details

Similar in This City for Lease

  • New
    $25 SF/Yr
    Office and Retail Building with Parking
    Well-maintained building with street-facing signage, on-site parking, and flexible space for office, medical, or retail users.
    1121 South Rangeline Road, Carmel, IN 46032
    View Details
  • New
    Contact for pricing
    7,607 sqft
    Class A Multi-Tenant Office/Retail
    Class A multi-tenant office and retail property on a fully improved 2.06-acre site totaling about 22,764 square feet.
    598 W Carmel DR, Carmel, IN 46032
    View Details
  • New
    Contact for pricing
    6,000 sqft
    Retail Space Near Major Anchors
    Retail space in a regional shopping area surrounded by nationally recognized retailers and a major shopping mall.
    14708 N MERIDIAN ST, Carmel, IN 46032
    View Details
  • New
    Contact for pricing
    2,375 sqft
    Retail Space on Active Corridor
    Approximately 2,375 square feet formerly occupied by a massage user, positioned near established dining and coffee operators.
    1438 W Main St, Carmel, IN 46032
    View Details
  • New
    $22.99 SF/Yr
    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
  • New
    Contact for pricing
    2,161 sqft
    Endcap Retail Suite
    Endcap retail space positioned adjacent to a new-to-market grocer.
    2140-2208 E 116th St, Carmel, IN 46032
    View Details
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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