Single-Story Office
For Sale
Contact for pricing
704 Adams St, Carmel, IN 46032
Efficient professional space with a dedicated entrance for staff and visitors.
Property Size3,383 SF
Price / SF$234
Days on Market146
Property Features for 704 Adams St
General Information
Standard status
Active
Size
3,383 SF
Property subtype
OFFICE
Additional Details
Asking Price
$795,000
Building Details
Stories
1
Listing Agency:
Cushman & Wakefield | Indianapolis
(317) 634-6363
Listed By:
Darrin L. Boyd, SIOR, CCIM
(317) 590-8490
Source:
Moodyscre
Added: May 27
Changed: Oct 10
Last Checked: Oct 16 at 8:35AM
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 Cushman & Wakefield | Indianapolis
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 704 Adams St in Carmel, this 3,383-square-foot office unit offers a single-story configuration for professional or medical operations. The suite includes its own entrance, providing direct access for employees and clients without relying on shared entry points.
The efficient layout is suited to businesses seeking a dedicated workplace for long-term occupancy. Its office format supports users who want control of their operating space in a professional setting.
The efficient layout is suited to businesses seeking a dedicated workplace for long-term occupancy. Its office format supports users who want control of their operating space in a professional setting.
Key Highlights
- 3,383 square feet of office space
- Single‑story configuration
- Private suite entrance with direct employee and client access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,691
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,820
$873.8K
Cap Rate 7%
$624,157
$624.2K
Cap Rate 9%
$485,456
$485.5K
Market Conditions
NOI Build-Up for 3,383 SF
Gross rent
$71.0K $21.00/SF
− Vacancy
−$12.8K −$3.78/SF
EGI
$58.3K $17.22/SF
− OpEx
−$14.6K −$4.31/SF
NOI
$43.7K $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%
$873,820
Cap Rate 7%
$624,157
Cap Rate 9%
$485,456
Alternative Uses
Best Use
Office B
$624.2K
$546.1K – $728.2K
NOI $43,691 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$887.3K
$776.4K – $1.04M
NOI $62,112 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Explore this area
Business Placement
Demographics for 46032, IN
50,477
Population
22,118
Households
2.3
Avg Household Size
40
Median Age
75%
College-Educated
98%
High-School Grad
25.3 sq mi
ZIP Area
1,995
Density / Sq Mi
$123,438
Median Household Income
$70,558
Median Earnings
$1,522
Median Rent
$464,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Efficient professional space with a dedicated entrance for staff and visitors.
Where is this office units located?
The property is located at 704 Adams St Carmel, IN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,383 square feet of office space; Single‑story configuration; Private suite entrance with direct employee and client access
