10455 N College Avenue Carmel, IN 46280
SINGLE_FAMILY - Carmel, IN
Property Features for 10455 N College Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- B-1 Commercial
- Parking features
- Valet
- Security features
- Security System
- Standard status
- Active
- APN
- 291312102031000018
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Acreage .84, Section 12, Township 17, Range 3, Homeplace, Section 2, Lot 254, 255, Acreage, Pt 249 & Pt 253
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Roof type
- Shingle, Membrane
Listing agent Derek Hack License #RB18001565 (812) 734-6048
Listing office eXp Realty, LLC Counselors Row Ste 200 9465, IN (888) 611-3912
Listing date Apr 6, 2026
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 10455 N College Avenue in Carmel, Indiana, the property sits on a 0.9-acre lot.
The renovated improvements, ADA compliance, and multiple kitchens make this building well-suited for office users seeking a turn-key environment with updated finishes and operational systems already in place. Updated restrooms, electrical, plumbing, and HVAC support day-to-day use for teams that need dedicated kitchen functionality within the workplace.
Key Highlights
- Two‑story commercial building originally built in 1968 with 12,385 SF.
- Extensive renovations completed over the last two years: new flooring, walls, drywall, doors, windows, and restrooms.
- Updated plumbing, electrical, external brickwork, concrete work, and select HVAC duct runs.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.1k | $21.00 |
| − Vacancy | −$46.8k | −$3.78 |
| EGI | $213.3k | $17.22 |
| − OpEx | −$53.3k | −$4.31 |
| NOI | $160.0k | $12.92 |
