Carmel Office Suites
9640-9650 Commerce Dr. Carmel, Carmel, IN 46032
For Sale
Contact for pricing
Prime Carmel location with executive and private office suites available.
Property Size55,708 SF
Price / SF$0.15
Days on Market412
Property Features for 9640-9650 Commerce Dr. Carmel
General Information
Standard status
Size
Class
Property subtype
Lease Term
Building Details
Building Size
Properties For Sale
at 9640-9650 Commerce Dr. Carmel Contact us9640 Commerce Dr. - 404B
Size
1,802 SF
Type
Office Building
Term
Negotiable
9640 Commerce Dr. - 432
Size
2,021 SF
Term
Negotiable
9650 Commerce Dr. - 502B
Size
1,801 SF
Type
Office Building
Term
Negotiable
9650 Commerce Dr. - 503B
Size
1,804 SF
Type
Office Building
Term
Negotiable
9650 Commerce Dr. - 510
Size
3,203 SF
Term
Negotiable
9650 Commerce Dr. - 514
Size
1,900 SF
Type
Office Building
Term
Negotiable
9650 Commerce Dr. - 524
Size
1,700 SF
Type
Office Building
Term
Negotiable
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Listing Agency:
Premier Commercial Real Estate Services, Inc.
Listed By:
Matt Ferguson · License IN RB17000936
(317) 679-4046
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Oct 26
Last Checked: Nov 10 at 7:56AM
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 Premier Commercial Real Estate Services, Inc.
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.
This Carmel property presents a leasing opportunity featuring private and executive office suites. The available space ranges from 1,600 to 3,550 square feet. Under a modified gross lease structure, tenants can benefit from a simplified leasing agreement. The property, acquired by new ownership in 2021, offers a revitalized workspace in Carmel, Indiana. Situated in Carmel, Indiana, Auburn Woods provides a location suitable for businesses seeking a professional environment. The area is known for its community and cultural scene, with restaurants, shops, and art galleries. Located minutes from the Carmel Arts & Design District, tenants have access to dining, entertainment, and cultural experiences. The property is near major highways, providing accessibility for employees and clients. Carmel blends modern amenities and small-town charm, making it an ideal setting for office tenants.
Key Highlights
- Prime location in Carmel, Indiana, recently voted #1 Small Town in the USA.
- Flexible leasing options with private and executive suites available.
- Modified gross lease structure for ease and simplicity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$710
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,200
$14.2K
Cap Rate 7%
$10,143
$10.1K
Cap Rate 9%
$7,889
$7.9K
Market Conditions
NOI Build-Up for 55 SF
Gross rent
$1.2K $21.00/SF
− Vacancy
−$208 −$3.78/SF
EGI
$947 $17.22/SF
− OpEx
−$237 −$4.31/SF
NOI
$710 $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%
$14,200
Cap Rate 7%
$10,143
Cap Rate 9%
$7,889
Alternative Uses
Best Use
Office B
$10.1K
$8.9K – $11.8K
NOI $710 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.4K
$12.6K – $16.8K
NOI $1,010 @ 7.0% cap
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
811
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
Properties on Market for Office Units in Hamilton County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Prime Carmel location with executive and private office suites available.
Where is this office unit located?
The property is located at 9640-9650 Commerce Dr. Carmel Carmel, IN.
What are key features of this property?
This property features: Prime location in Carmel, Indiana, recently voted #1 Small Town in the USA.; Flexible leasing options with private and executive suites available.; Modified gross lease structure for ease and simplicity.
