Class A Office Units with Drive-In
For Sale
$2,500,000
4611 Lisborn Dr, Carmel, IN 46033
New Class A office units with at-your-door parking and a custom 14’ drive-in door.
Property Size9,500 SF
Price / SF$263.16
Days on Market96
Property Features for 4611 Lisborn Dr
General Information
Standard status
Active
Size
9,500 SF
Class
Class A
Property subtype
10/29/2026
Amenities
building signage
drive-in door
Building Details
Building Size
9,500 SF
Listed By:
Bennett Williams
(317) 639-0442
Source:
Cushmanwakefield
Added: Jul 29
Changed: Oct 30
Last Checked: Nov 1 at 2:27AM
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 Bennett Williams
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Investment Insights
Based on property information with market context.
New, Class A office units offering 9,500 total square feet at 4611 Lisborn Dr, Carmel, IN 46033. Suites provide up to 2,200 to 6,600 square feet for lease, and Suite 100 includes a 700-square-foot mezzanine on the second floor.
The building is designed for convenient tenant access, featuring a custom 14’ drive-in door and at-your-door parking. Building signage is also available.
The property sits in immediate proximity to Bridgewater Country Club, supporting easy local wayfinding for employees and visitors.
The building is designed for convenient tenant access, featuring a custom 14’ drive-in door and at-your-door parking. Building signage is also available.
The property sits in immediate proximity to Bridgewater Country Club, supporting easy local wayfinding for employees and visitors.
Key Highlights
- New, Class A construction with 9,500 total square feet
- 2,200–6,600 square feet available for lease
- Suite 100 includes a 700‑square‑foot second‑floor mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,693
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,453,860
$2.5M
Cap Rate 7%
$1,752,757
$1.8M
Cap Rate 9%
$1,363,256
$1.4M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$199.5K $21.00/SF
− Vacancy
−$35.9K −$3.78/SF
EGI
$163.6K $17.22/SF
− OpEx
−$40.9K −$4.31/SF
NOI
$122.7K $12.92/SF
Area
Carmel, IN
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,453,860
Cap Rate 7%
$1,752,757
Cap Rate 9%
$1,363,256
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,693 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,420 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
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Business Placement
Demographics for 46033, IN
39,002
Population
14,725
Households
2.6
Avg Household Size
42
Median Age
72%
College-Educated
98%
High-School Grad
17.4 sq mi
ZIP Area
2,241
Density / Sq Mi
$150,529
Median Household Income
$75,667
Median Earnings
$1,597
Median Rent
$458,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - New Class A office units with at-your-door parking and a custom 14’ drive-in door.
Where is this office unit located?
The property is located at 4611 Lisborn Dr Carmel, IN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: New, Class A construction with 9,500 total square feet; 2,200–6,600 square feet available for lease; Suite 100 includes a 700‑square‑foot second‑floor mezzanine
