Property profile

89 1st SW Ave Carmel, IN 46032

OFF-MARKET
Turn key restaurants
Property ID
US31-0654504
3,432 SF 0.23 ac lot Built 1966
Individually Owned 15-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1966
Construction TYPE NOT SPECIFIED
Total area 3,432 SF
Lot 0.23 ac (10,019 SF)
APN 29-09-25-162-028.000-018
UPID US31-0654504

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

89 1st SW Ave Carmel, IN 46032-2007
Carmel metro Census 111007 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
$504k
Blend (final) Blend
$515k

Owner & transaction history

since 2010
3 recorded transactions
2025
Price N/A
2010
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $485,000 +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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