105 Carmel DrCarmel, IN 46032

  • Retail properties
  • 5,500 SF
For Lease

Property Details for 105 Carmel Dr

Year built
1971
Construction
WOOD
Lot size
3.60 AC
Property size (Sq ft)
5,500 SF
Property type
Retail properties
Property subtype
Retail space
APN
29-09-36-402-003.000-018
APU
290936402003000018

Description

This exceptional 10,488-square-foot retail and industrial property, located at 105 Carmel Drive, presents a unique investment opportunity. Currently configured as a single-tenant automotive business, the building sits on a generous 3.6-acre lot, providing ample space for expansion or future development. The property boasts five convenient drive-ins, ensuring easy access for customers and deliveries. Its strategic location offers unparalleled connectivity to major thoroughfares, including I-69, I-70, I-74, and I-65 via I-465, maximizing exposure and accessibility. The I-1 zoning provides flexibility for a variety of uses. Situated near Carmel amenities, this property benefits from a strong local market and high visibility. The substantial lot size offers significant potential for future development or expansion of the existing structure. This is an ideal opportunity for investors seeking a well-located, versatile property with strong growth potential in a thriving area. The property's size and location make it an attractive option for a variety of businesses seeking a prominent presence in the Carmel market. Hamilton County location adds to its desirability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,098,980
    6.5%
    $1,014,443
    7%
    $941,983
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,721,273
    Geo Method
    $1,721,273
  • Alternative Use

    Use
    Valuation
    Residential
    $855,721
    Hospitality
    $783,836
    Educational
    $652,142
    Medical
    $674,570
    Retail
    $1,014,443
105 Carmel Dr, Carmel, Indiana

Location Insight

City
Carmel
County
Hamilton
State
Indiana
Latitude
39.9607
Longitude
-86.129
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
$18,860
$770,000
$161,800
$931,800
-
$770,000
$161,800
$931,800

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