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    Turn-Key Office Solution in Carmel Title is generated by Realmo AI

    12800 N Meridian St, Carmel, IN

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    Move-in ready office space with U.S. 31 frontage.

    Type:OFFICE
    Property size:
    5,931 SF
    Lot size:
    9.41 Acres
    Added:
    Feb 14, 2022
    Days on Market:
    1567
    Last Refresh:
    May 20 at 9:07 pm

    Property Features for 12800 N Meridian St

    General Information

    Standard status
    Active
    Size
    5,931 SF
    Lot size
    9.41 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 12800 N Meridian St Contact us

    We can help!

    Listing Contact
    Chris Carmen
    Chris Carmen

    Listing agent Chris Carmen License #RB17000751

    Listing office Carmen

    Listing date Feb 14, 2022

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Carmen

    HighLights

    • Turn‑key office solution ready for immediate occupancy.
    • Prime Carmel location, ranked #2 Best Place to Live in America (Niche.com) in 2019.
    • U.S. 31 frontage providing excellent visibility and accessibility to Central Indiana.
    • Multiple space options available on the 1st, 3rd, and 4th floors.
    • Enjoy on‑site amenities including a shared conference center, fitness center, and café.
    • Executive office suite with private restroom and shower; high‑end furniture may be available.

    Overview

    This turn-key office solution, located in Carmel, Indiana, offers an opportunity to establish an office quickly. The location in Carmel, recognized as the #2 Best Place to Live in America in 2019 by Niche.com, provides convenient access to Central Indiana via US 31 or Carmel Drive, along with various recreational, dining, and housing options. The available sublease spaces include 5,931 square feet on the 1st floor, 18,330 square feet on the 3rd floor, and 8,084 square feet on the 4th floor. The space is equipped with private offices, conference rooms, meeting spaces, and high-end cubicle areas. Much of the furniture, fixtures, and equipment needed for business operations is available. Features include an elevator lobby entrance, an executive office suite, and a private restroom with a shower. High-end executive furniture may be available throughout the suite. The property also offers a shared conference center, a fitness center, and a café within the development, as well as a 1.5-mile walking path. The property has U.S. 31 frontage and an on-site conference center, along with abundant area amenities. Starting rent is $19.85 per square foot, with availability starting 5/31/2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Krieg Devault: Hoffman ... Law Firm Coleman Charles A Law Firm ddsmatch Dental Office Krieg De Vault ... Law Firm Blue Benefits Consulting ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1589
    Latitude
    39.9727

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    FAQs

    What type of property is this?
    Office units - Move-in ready office space with U.S. 31 frontage.
    Where is this office units located?
    The property is located at 12800 N Meridian St Carmel, IN.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Turn‑key office solution ready for immediate occupancy.; Prime Carmel location, ranked #2 Best Place to Live in America (Niche.com) in 2019.; U.S. 31 frontage providing excellent visibility and accessibility to Central Indiana.
    (317) 848-0900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Carmen
    Chris Carmen
    Real Estate License ID: RB17000751
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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