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Property profile & analytics
OFF-MARKET Estimated value $1,745,000
Banks

11550 Meridian St Carmel, IN 46032-6956

19,983 SF 7.66 ac lot Built 1979
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US31-0273673
Property summary
AI-generated overview

Located at 11550 N Meridian St, Carmel, IN 46032, SePRO Tower offers exceptional office space for lease along the Meridian Corridor. This six-story, Class B building, constructed in 1978, boasts 93,355 square feet of total space, with units ranging from a minimum of 1,588 square feet to a maximum contiguous space of 3,413 square feet. The building is owner-occupied and meticulously maintained, providing a professional and comfortable environment. Amenities include two elevators, on-site property management, a 70-person conference facility, and a ten-person boardroom. A full-service bank is also conveniently located within the building. The property sits on an 8.12-acre lot and is conveniently located near a variety of retail options, including Market District, Jimmy John's, Caffè Buondi, Lou Malnati's Pizzeria, Regions Bank, Potbelly, Starbucks, and Los Arroyos, all within walking distance. The building is easily accessible via 116th Street and offers multiple tenancy options. This is an excellent opportunity for businesses seeking high-quality office space in a vibrant and convenient Carmel location. Hamilton County location.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1979
Construction TYPE NOT SPECIFIED
Total area 19,983 SF
Lot 7.66 ac (333,670 SF)
APN 29-13-02-000-003.001-018
UPID US31-0273673
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The EnRoute Team Real Estate Agency
  • Keller Williams Realty LyonsLink Real Estate Group Real Estate Agency
  • ParaPRO LLC Corporate Office
  • Beacon Tech Group Inc (Bike/Boat/Book/etc) Store Corporate Office
  • Radon Analytical Labs Home Inspector
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.75M
Owner & transaction history
Egix INC · 22 yrs held
Egix INC
since 2004
2 recorded transactions
2004
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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