Property profile

9965 Michigan Rd Carmel, IN 46032

OFF-MARKET
Turn key restaurants
Property ID
US31-1893992
6,308 SF 1.97 ac lot Built 2007
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2007
Construction WOOD
Total area 6,308 SF
Lot 1.97 ac (85,813 SF)
APN 29-13-07-024-010.000-018
UPID US31-1893992

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
  • Bar & Pub
  • Take-out & Catering Catering Service

Location

9965 Michigan Rd Carmel, IN 46032-9640
Carmel metro Census 111103 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$720k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$910k

Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $890,000 +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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