1120 Aaa WayCarmel, IN 46032

Property Details for 1120 Aaa Way

Year built

1983

Construction

WOOD

Lot size

1.82 AC

Property size (Sq ft)

7,680 SF

Property type

Office properties

Property subtype

Other office properties

APN

29-10-31-000-016.016-018

APU

291031000016016018

Description

This exceptional 5,321 square-foot medical office building is ideally situated in Carmel's vibrant Downtown East. The single-tenant property boasts two certified operating rooms, one featuring lead-lined walls, ensuring versatility and compliance. All exam rooms are conveniently equipped with plumbing. The well-maintained building offers a shared outdoor patio space, providing a pleasant atmosphere for patients and staff. Ample parking is available with 43 spaces, exceeding the market average at a generous 8.1 spaces per 1,000 square feet. This prime location places the property within easy reach of numerous restaurants, retail shops, banks, hotels, gas stations, and other amenities, making it an attractive option for both medical professionals and patients. The building's excellent condition and desirable features make it a compelling investment opportunity in a thriving area. Hamilton County location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,043,932

  6.5%

  $963,629

  7%

  $894,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $953,779

  Geo Method

  $953,779

• Alternative Use

  Use

  Valuation

  Residential

  $1,194,900

  Hospitality

  $1,094,522

  Educational

  $910,630

  Medical

  $941,948

  Retail

  $1,416,535

Location Insight

City

Carmel

County

Hamilton

State

Indiana

Latitude

39.9606

Longitude

-86.1184

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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