508 CarmelCarmel, IN 46032

Property Details for 508 Carmel

Year built

1981

Construction

TYPE NOT SPECIFIED

Lot size

1.34 AC

Property size (Sq ft)

11,704 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

29-10-31-000-023.102-018

APU

291031000023102018

PT Realty Valuation

• Cap approach

  6%

  $2,338,616

  6.5%

  $2,158,722

  7%

  $2,004,528

• Alternative use approach

  Residential

  $1,820,963

  Hospitality

  $1,667,992

  Educational

  $1,387,750

  Medical

  $1,435,477

  Retail

  $2,158,722

• Comp approach

  Method 1

  $3,662,870

  Method 2

  $3,662,870

Location Insight

City

Carmel

County

Hamilton

State

Indiana

Latitude

39.9635

Longitude

-86.1171

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed Improved Value
  $284,200
• Assessed land value
  $402,000
• Assessed value
  $686,200
• Tax year
  2023
• Tax bill
  $13,840

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