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Property profile & analytics
FOR LEASE
Office Spaces

11555 North Meridian St Carmel, IN 46032

126,680 SF 4.92 ac lot Built 1984
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0043205
Property summary
AI-generated overview

This exceptional 20,472 square foot office suite, located at 11555 N Meridian Street in Hamilton County, is available for sublease. Situated on the third floor, Suite 300 offers a fully functional and well-appointed workspace. The layout includes 13 individual offices, 10 meeting and conference rooms, a dedicated training center, and ample space for 160 workstations. The sublease agreement expires December 31, 2026. Tenants will enjoy access to the building's shared amenities, including a modern conference center and a fitness center. The property boasts excellent visibility and accessibility, with convenient proximity to US-31 and 116th Street, and is located just a quarter-mile from IU Health Hospital. Recently updated common areas enhance the professional atmosphere. This is a single-tenant space ideal for a company seeking a substantial and well-equipped office environment in a prime location. The property type is a traditional office building. This is a fantastic opportunity to secure a significant amount of high-quality office space in a desirable area with excellent access and amenities. The space is ready for immediate occupancy.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1984
Construction TYPE NOT SPECIFIED
Total area 126,680 SF
Lot 4.92 ac (214,315 SF)
APN 29-13-02-000-007.004-018
UPID US31-0043205
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
  • Epcon Communities - Indianapolis Regional Office & Design Studio Construction Company General Contractor
  • Dean Foods Grocery & Convenience Store Distribution Center
  • J.M. Wilson Corporation Insurance Agency
  • Lennar Title - Indianapolis Branch Title Company
  • Bryant Gatz | Fairway Independent Mortgage Corporation Loan Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.08M
Owner & transaction history
James Richard Howle · 4 yrs held
James Richard Howle
since 2021
4 recorded transactions
2021
$364,105
2017
Price N/A
2012
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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