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    401 Pennsylvania Pkwy Carmel, IN

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    For Lease
    Contact for pricing

    Class A office park in Carmel, Indiana with high visibility.

    Property size:
    21,154 SF
    Lot size:
    22.16 Acres

    Property Features for 401 Pennsylvania Pkwy

    General Information

    Size
    21,154 SF
    Lot size
    22.16 Acres

    Source: JLL | Indianapolis Agent Abby Zito

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Office Park

    This Class A office park, located where Indianapolis meets Carmel, is comprised of 3 office buildings and a large water feature. Built in 1988 and renovated in 2012, the property offers high profile visibility on I-465. The net rentable area is 60,851 square feet. Ceiling heights are 14 feet slab-to-slab and finished 10-foot ceilings. Parking is available at a ratio of 3.8 per 1,000 square feet. The typical floorplate is 21,000 square feet. The property includes a conference facility that seats up to 38 people and a fitness center equipped with women's and men's lockers. A full building is available for lease.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1650024
    Latitude
    39.9693

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    FAQs

    What type of property is this?
    Office building - Class A office park in Carmel, Indiana with high visibility.
    Where is this office building located?
    The property is located at 401 Pennsylvania Pkwy Carmel, IN.
    What are key features of this property?
    This property features: - High-profile visibility on I-465.; - Class A office space in a desirable location where Indianapolis meets Carmel.; - Full building available for lease (60,851 rsf).
    (317) 810-7173
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    401 Pennsylvania Pkwy Carmel, IN
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Pennsylvania Pkwy Carmel, IN
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