Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    12300 Hancock St Carmel, IN 46032

    • Industrial properties
    • 73,657 SF
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 12300 Hancock St

    Property size
    73,657 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1495
    Latitude
    39.967

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      360 Rdg Pointe Dr

      Manufacturing properties • 10,000 SF
      360 Rdg Pointe Dr, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      172,643 SF

      4305-4353 96Th St

      Flex space • 172,643 SF
      4305-4353 96Th St, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      12,000 SF

      319 Gradle Dr

      Office space • 12,000 SF
      319 Gradle Dr, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      3,375 SF

      437 Gradle Dr

      Manufacturing properties • 3,375 SF
      437 Gradle Dr, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      17,600 SF

      475 Gradle Dr

      INDUSTRIAL (GENERAL) • 17,600 SF
      475 Gradle Dr, Carmel, IN 46032-2535
      View Details
    • Value Estimation by Request
      14,630 SF

      3610 106th St

      INDUSTRIAL (GENERAL) • 14,630 SF
      3610 106th St, Carmel, IN 46032-9607
      View Details

    Similar Nearby for Sale

    • $3,523,000

      Carmel Meridian Corridor Development Site

      26-acre mixed-use project with high visibility and accessibility.
      Development Site - Meridian Corridor, Carmel, IN 46032
      View Details
    • Contact for pricing
      3.60 Acres

      Downtown Carmel Development Land

      Prime 3.6-Acre Commercial Lot
      105 Carmel Dr, Carmel, IN 46032
      View Details
    • Contact for pricing
      2,397 SF

      Carmel Retail Condominiums For Sale

      Three ground floor retail condominiums available in Carmel, Indiana.
      7015 E 146Th St, Carmel, IN 46032
      View Details
    • $1,050,000

      Carmel Land For Sale

      Approximately 1.78 acres of land zoned UC.
      12800 N Old Meridian St, Carmel, IN 46032
      View Details
    • $400,000
      Pending

      Carmel Office Property For Sale

      Commercial property in Carmel, Indiana, suitable for office conversion.
      3750 W 97Th St, Carmel, IN 46032
      View Details
    • $520,000
      1.00 Acre

      Carmel, IN Residential Building Lot

      One-acre residential lot in exclusive Asherwood community, Carmel, Indiana.
      1434 N Asherwood Ln, Carmel, IN 46032
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,098 SF

      Hamilton Crossing Flex/Industrial Space

      Flex/Industrial space in Hamilton Crossing Office Park for lease.
      12722-12802 Hamilton Crossing Blvd, Carmel, IN 46032
      View Details
    • $10 SF/Yr
      172,643 SF

      4305-4353 96Th St

      Flex space • 172,643 SF
      4305-4353 96Th St, Carmel, IN 46032
      View Details
    • $15 SF/Yr
      73,657 SF

      Carmel Tech Center Building 2

      Flex space • 73,657 SF
      12300 Hancock St, Carmel, IN 46032
      View Details
    • Contact for pricing
      10,488 SF

      Curley Building: Prime Retail/Industrial Site

      10,488 SF, 3.6 Acres, High Traffic
      105 Carmel Dr, Carmel, IN 46032
      View Details
    • $14 SF/Yr
      76,735 SF

      Carmel Tech Center Warehouse Space

      76,735 SF Warehouse, Multiple Suites Available
      12202 Hancock St, Carmel, IN 46032
      View Details
    • $23 SF/Yr
      93,355 SF

      SePRO Tower: Carmel Office Space

      Prime Carmel office suites, various sizes.
      11550 Meridian St, Carmel, IN 46032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12300 Hancock St
    Carmel, IN 46032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.