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    Property profile & analytics

    9855 Michigan Rd Carmel, IN 46032-7925

    • Outlet malls
    • 102,661 SF
    • 10.52 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0613543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Truck Rental Center at The Home Depot / Van Rental Agency / Truck Rental Agency
    • Primo Water Exchange / Bottled Water Supplier
    • Garden Center at The Home Depot / Retaining Wall Supplier / Sod Supplier
    • Pro Desk at The Home Depot / Masonry Supply Store / Millwork Shop
    • Home Services at The Home Depot / Remodeler / Contractor

    Property Details for 9855 Michigan Rd

    Year built
    2006
    Construction
    TYPE NOT SPECIFIED
    Lot size
    10.52 lot acres
    Property size
    102,661 SF
    Property type
    Outlet malls
    APN
    29-13-07-024-004.000-018
    APU
    291307024004000018

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.2292
    Latitude
    39.9313
    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
    $104,483
    $4,054,500
    $1,128,200
    $5,182,700
    -
    $4,054,500
    $1,128,200
    $5,182,700

    Comparable in this City

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      33,913 SF

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    • Value Estimation by Request
      121,583 SF

      11505 Illinois St

      WHOLESALE OUTLET, DISCOUNT STORE • 121,583 SF
      11505 Illinois St, Carmel, IN 46032-3137
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    • Value Estimation by Request
      99,226 SF

      9899 Michigan Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 99,226 SF
      9899 Michigan Rd, Carmel, IN 46032
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    • Value Estimation by Request
      174,515 SF

      10401 Michigan Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 174,515 SF
      10401 Michigan Rd, Carmel, IN 46032-7939
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    • Value Estimation by Request
      18,000 SF

      15050 Greyhound Ct

      WHOLESALE OUTLET, DISCOUNT STORE • 18,000 SF
      15050 Greyhound Ct, Carmel, IN 46032-1086
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    • Value Estimation by Request
      117,976 SF

      1600 151st St

      WHOLESALE OUTLET, DISCOUNT STORE • 117,976 SF
      1600 151st St, Carmel, IN 46032-5056
      View Details

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      3.60 Acres

      Downtown Carmel Development Land

      Prime 3.6-Acre Commercial Lot
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      Carmel Land For Sale

      Approximately 1.78 acres of land zoned UC.
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      Carmel Office Property For Sale

      Commercial property in Carmel, Indiana, suitable for office conversion.
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    Similar Nearby for Lease

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      1,389 SF

      Carmel Retail Space For Rent

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      1412 S Range Line Rd, Carmel, IN 46032
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      1,100 SF

      Retail Space in West Carmel

      Former ubreakifix endcap in Starbucks anchored strip center.
      10460 N Michigan Rd, Carmel, IN 46032
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      1,728 SF

      Retail Space in Merchants’ Square

      Retail space in high-traffic area with diverse tenant mix.
      271 Merchants Square Dr, Carmel, IN 46032
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      2,277 SF

      Retail Space in High-Traffic Area

      Retail space in a high-traffic area with diverse tenants.
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      4,000 SF

      Retail Space in Kroger Center

      Retail space available in Kroger anchored shopping center.
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    • Contact for pricing
      3,446 SF

      Retail Space in Merchants’ Square

      Retail space available in high-traffic shopping center.
      2140-2208 E 116Th St, Carmel, IN 46032
      View Details

    Property Visit Statistics

    • Visits by month
      49.9k
    • Visitors by month
      33.2k
    • Avg Time on site
      23 min
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    9855 Michigan Rd
    Carmel, IN 46032-7925
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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