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    11405-11495 N Pennsylvania St Carmel, IN 46032

    For Sale
    $11,000,000

    Two-building office portfolio totaling ±84,963 RSF on 7.64 acres.

    Property size:
    84,963 SF
    Lot size:
    3.22 Acres

    Property Features for 11405-11495 N Pennsylvania St

    General Information

    Size
    84,963 SF
    Lot size
    3.22 Acres

    Source: Corporate Commercial Group Agent Keith Dedrick

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

    Overview

    Two-Building Office Portfolio in Carmel

    This two-building office portfolio offers a prime investment opportunity with strong fundamentals. The property totals approximately 84,963 rentable square feet across 7.64 acres. Constructed in 1998 and zoned B-5, the property includes 29 units and ample parking for 250 vehicles. The modern infrastructure is designed to attract professional and medical tenants. This asset delivers a blend of stability and growth potential. The property is located in Carmel, IN.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -86.1540585
    Latitude
    39.9528858

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    FAQs

    What type of property is this?
    Office building - Two-building office portfolio totaling ±84,963 RSF on 7.64 acres.
    Where is this office building located?
    The property is located at 11405-11495 N Pennsylvania St Carmel, IN.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: - Two-building office portfolio totaling ±84,963 RSF.; - Located on 7.64 acres.; - Zoned B-5, suitable for professional and medical tenants.
    (317) 502-3622
    Request Owner's contact information
    11405-11495 N Pennsylvania St Carmel, IN 46032
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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
    11405-11495 N Pennsylvania St Carmel, IN 46032
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