Property profile

9703 Michigan Rd Carmel, IN 46032

OFF-MARKET
Drive through restaurants
Property ID
US31-3544279
3,140 SF 1.38 ac lot Built 2019
Entity Owned 14-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2019
Construction WOOD
Total area 3,140 SF
Lot 1.38 ac (60,113 SF)
APN 29-13-07-402-025.000-018
UPID US31-3544279

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
  • Restaurant Take-out & Catering

Location

9703 Michigan Rd Carmel, IN 46032-9615
Carmel metro Census 111103 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
by Request
Comparable Approach Comparable
$567k
Blend (final) Blend
$640k

Owner & transaction history

since 2012
7 recorded transactions
2020
Price N/A
2020
Price N/A
2020
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $445,000 +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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