580 Carmel DrCarmel, IN 46032

Property Details for 580 Carmel Dr

Year built

2015

Construction

TYPE NOT SPECIFIED

Lot size

2.09 AC

Property size (Sq ft)

30,430 SF

Property type

Office properties

APN

29-10-31-000-022.002-018

APU

291031000022002018

Description

This exceptional 30,430 square foot, single-building office property at 580 E Carmel Drive, Carmel, IN 46032, offers a diverse range of office spaces to suit various business needs. Built in 2015, the building boasts a prime location in the Keystone and Carmel Drive submarket, conveniently situated near Keystone Cross Street and zoned C-1. Multiple tenancy options are available, with suites ranging from 284 to 2,131 square feet. The building features modern amenities including elevators and abundant free parking. Large floor-to-ceiling windows provide ample natural light, and opportunities for exterior signage are available. The property is well-maintained and benefits from local and on-site management. This versatile space is suitable for traditional office, executive office, coworking, medical office, or creative office uses. Second-generation space may also be an option. Contact us today to explore the possibilities and schedule a viewing of this exceptional Carmel office property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,687,780

  6.5%

  $4,327,180

  7%

  $4,018,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,779,100

  Geo Method

  $3,779,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,240,750

  Retail / Commercial

  $4,280,330

  Mixed-Use / Specialty

  $4,308,030

  Hospitality / Lodging

  $3,216,590

  Institutional / Educational

  $4,493,970

  Residential Income

  $5,257,940

  Multifamily

  $6,067,940

  Automotive / Energy

  $3,851,970

  Parking / Income-Based Land

  $1,286,830

  Restaurant / Food Service

  $2,332,320

  Healthcare / Senior Housing

  $4,373,750

Location Insight

City

Carmel

County

Hamilton

State

Indiana

Latitude

39.9634

Longitude

-86.1163

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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