9853 Michigan Rd Carmel, IN 46032-7925

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Property lookup
Drive through restaurants
IN
Carmel
46032
9853 Michigan Rd

Property profile & analytics

9853 Michigan Rd, Carmel, IN 46032-7925

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Drive through restaurants
2,959 SF
1.09 lot acres

Off-Market

Last Sale May 12, 2022

Property ID

US31-0981951

Value Estimations

$605,000

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Cap Rate Potential

Location Intelligence

Current Use by Public Records

Taco Bell / Restaurant / Take-out & Catering

Property Details for 9853 Michigan Rd

Year built: 2007
Construction: WOOD
Lot size: 1.09 lot acres
Property type: Drive through restaurants
APN: 29-13-07-025-002.000-018
APU: 291307025002000018

Sales History

Date	Price	Buyer	Seller	Deed Type	Mortgage
May 12, 2022	—	North Michigan Holdings LLC	Ridge Kent LLC	Quit Claim Deed · related	—
Feb 8, 2021	—	Ridge Kent LLC	Mvsa Investments LLC	Warranty Deed	$1.4M · Park Natl Bank Of Sw Ohio & N Kentu
Oct 6, 2016	$1,800,000	Giacomo Maggi LLC	Rdg 2 LLC	Grant Deed	—
Jul 15, 2010	—	Rdg 2 LLC	Armdev LLC	Grant Deed	—

Value Estimations

based on Realmo’s proprietary methodology

AI approach

Method

Estimation

ML approach

$680,000
Comparable approach

Method

Estimation

AI Estimate

$534,000

Market price range: $259k - $535k
Alternative Use

Use

Estimation

RESTAURANT

$385,000
Current use

WAREHOUSE, STORAGE

$420,000
Change: +9% Conversion: Difficult

Get a detailed, property-specific estimation — fast and free

Location Insight

Map
Local Demand

City: Carmel
County: Hamilton
State: Indiana
Longitude: -86.231
Latitude: 39.9305
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

$27,371

$872,000

$485,700

$1,357,700

$872,000

$485,700

$1,357,700

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