11550 Meridian StCarmel, IN 46032

Property Details for 11550 Meridian St

Year built

1979

Construction

TYPE NOT SPECIFIED

Lot size

7.66 AC

Property size (Sq ft)

19,983 SF

Property type

Banks

APN

29-13-02-000-003.001-018

APU

291302000003001018

Description

Located at 11550 N Meridian St, Carmel, IN 46032, SePRO Tower offers exceptional office space for lease along the Meridian Corridor. This six-story, Class B building, constructed in 1978, boasts 93,355 square feet of total space, with units ranging from a minimum of 1,588 square feet to a maximum contiguous space of 3,413 square feet. The building is owner-occupied and meticulously maintained, providing a professional and comfortable environment. Amenities include two elevators, on-site property management, a 70-person conference facility, and a ten-person boardroom. A full-service bank is also conveniently located within the building. The property sits on an 8.12-acre lot and is conveniently located near a variety of retail options, including Market District, Jimmy John's, Caffè Buondi, Lou Malnati's Pizzeria, Regions Bank, Potbelly, Starbucks, and Los Arroyos, all within walking distance. The building is easily accessible via 116th Street and offers multiple tenancy options. This is an excellent opportunity for businesses seeking high-quality office space in a vibrant and convenient Carmel location. Hamilton County location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,941,365

  6.5%

  $3,638,183

  7%

  $3,378,313

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,505,722

  Geo Method

  $5,505,722

• Alternative Use

  Use

  Valuation

  Residential

  $3,068,944

  Hospitality

  $2,811,136

  Educational

  $2,338,832

  Medical

  $2,419,268

  Retail

  $3,638,183

Location Insight

City

Carmel

County

Hamilton

State

Indiana

Latitude

39.9543

Longitude

-86.1591

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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