Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

11550 N Meridian St Carmel, IN 46032

FOR LEASE
Banks
Property ID
US31-0273673
19,983 SF 7.66 ac lot Built 1979
Last sale Mar 2014 · $260,300
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This owner-occupied office building contains multiple office suites with a range of approximately 1,550 to 13,190 square feet. The property includes on-site property management and common meeting and executive spaces, including a conference facility for approximately 70 people and a dedicated board room for approximately 10 people. A full-service bank is located on site. The building is positioned near major access routes including I-465 and Meridian Street/US 31, with nearby walking-distance…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$135k
Tax billed · 2023
Assessed value$6.72M
Assessed land$2.96M
Assessed improvement$3.75M
Effective rate2.02%

Value estimate

· Oct 2026
$1.75M
$1.57M – $1.92M
NOI build-up
Gross scheduled income$1.96M
Vacancy & credit loss−$353k
Operating expenses−$402k
NOI · 5,242,086.96% cap applied$1.21M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
5,242,086.96%
$1.21M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHAMILTON

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop14.6
HVAC Service11.5
Storage Facility10.9

Location

11550 N Meridian St Carmel, IN 46032
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2259 116th, Carmel, IN 46032-3279 $101,000 Oct 2024 3,602 SF
14921 Thatcher, Carmel, IN 46032-1559 $2,208,000 Apr 2024 3,239 SF
598 Carmel, Carmel, IN 46032-2666 $4,000,000 Dec 2022 22,764 SF
367 116th, Carmel, IN 46032-3287 $52,975,000 Sep 2022 13,808 SF
510 Rangeline, Carmel, IN 46032-2141 $840,000 Jul 2022 4,118 SF
522 Rangeline, Carmel, IN 46032-2141 $778,264 Apr 2022 13,999 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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
Why this one?
Saved