755 Carmel DrCarmel, IN 46032

Property Details for 755 Carmel Dr

Year built

1999

Construction

WOOD

Lot size

2.70 AC

Property size (Sq ft)

41,054 SF

Property type

Office properties

Property subtype

Other office properties

APN

29-09-36-002-010.000-018

APU

290936002010000018

Description

755 W Carmel Drive presents a remarkable investment opportunity in a thriving Carmel location. This multi-tenant Class A office building boasts a total of 45,255 square feet situated on a meticulously landscaped 2.99-acre site. The property's strategic positioning offers unparalleled access to the vibrant Carmel City Center and the renowned Carmel Arts District, ensuring high visibility and convenient access for tenants and clients. Currently, there are three available office spaces ranging in size from 675 square feet to 2,060 square feet, providing flexibility for businesses of varying scales. The building's M-3 zoning allows for a diverse range of professional uses, making it ideal for executive offices and medical practices alike. This exceptional property offers a blend of prime location, modern amenities, and ample space, presenting a compelling opportunity for discerning investors and businesses seeking a prestigious address in Carmel, Hamilton County. The fully improved 2.99-acre lot provides ample parking and potential for future expansion. The building's high-quality construction and desirable location ensure strong tenant demand and long-term value. This is a rare opportunity to acquire a well-maintained, high-performing asset in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,580,300

  6.5%

  $5,151,046

  7%

  $4,783,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,098,496

  Geo Method

  $5,098,496

• Alternative Use

  Use

  Valuation

  Residential

  $6,387,296

  Hospitality

  $5,850,730

  Educational

  $4,867,738

  Medical

  $5,035,147

  Retail

  $7,572,037

Location Insight

City

Carmel

County

Hamilton

State

Indiana

Latitude

39.9658

Longitude

-86.1451

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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