Property profile

10601 Meridian St Ste 200 Carmel, IN 46290

OFF-MARKET
Medical Office Space
Property ID
US31-3518200
24,710 SF 0.86 ac lot Built 1991
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1991
Construction TYPE NOT SPECIFIED
Total area 24,710 SF
Lot 0.86 ac (37,462 SF)
APN 29-13-02-000-021.001-018
UPID US31-3518200

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10601 Meridian St Ste, Unit 200 Carmel, IN 46290-1100
Carmel metro Census 111006 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.32M
Blend (final) Blend
$1.19M

Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2026
Price N/A
2022
Price N/A
2020
$5.1M
2019
Price N/A
2018
Price N/A
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.8M +41.9%
Industrial (general) $1.7M +28.3%
Neighborhood: shopping center $1.5M +15.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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