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Financial
Distress signals
Property profile

13421 Old Meridian St Carmel, IN 46032

FOR LEASE
Medical Office Space
Property ID
US31-0650091
52,430 SF 2.13 ac lot Built 2003
Last sale Jan 2004
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
13421 Old Meridian St, Carmel, IN 46032 For Lease 1 / 3
Contact for pricing 3,273 SF available
13421 Old Meridian St, Carmel, IN 46032
View Listing

Property summary

AI-generated overview

The Carmel Physicians Surgery Center is a freestanding healthcare facility totaling 50,726 square feet. It is located across from St. Vincent Carmel Hospital and provides convenient access to I-465, with nearby amenities in Carmel and Westfield. The building includes fully equipped operating rooms featuring current medical technologies. The facility is licensed by the State of Indiana, Medicare certified, and accredited by the AAHC.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value$6.41M
Assessed land$746k
Assessed improvement$5.66M
Effective rate0.52%

Value estimate

· Oct 2026
$1.32M
$1.18M – $1.45M
AI approach$1.32M
Submarket $/SF estimate$1.93M
NOI build-up
Gross scheduled income$79k
Vacancy & credit loss−$9k
Operating expenses−$28k
NOI · 129,609.38% cap applied$41k

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?
129,609.38%
$41k 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: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.9
Auto Parts Store11.7
Smoke and Vape Shop11.2

Location

13421 Old Meridian St Carmel, IN 46032
County assessor Recorded deeds · 3 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

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12065 Old Meridian, Carmel, IN 46032-8773 $5,400,000 Jan 2026 19,588 SF
15026 Greyhound, Carmel, IN 46032-1015 $650,000 Apr 2025 2,825 SF
2000 116th, Carmel, IN 46032-3508 $268,600 Sep 2024 26,472 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

Comparable nearby

  • Value Estimation
    $1,275,000
    49,577 SF
    13400 Meridian St
    MEDICAL BUILDING
    13400 Meridian St, Carmel, IN 46032-7102
    View Details
  • Value Estimation
    $1,040,000
    47,160 SF
    13450 Meridian St
    MEDICAL BUILDING
    13450 Meridian St, Carmel, IN 46032-1546
    View Details
  • Value Estimation
    $1,100,000
    42,609 SF
    697 Pro Med Ln
    MEDICAL BUILDING
    697 Pro Med Ln, Carmel, IN 46032-5323
    View Details
  • Value Estimation
    $1,145,000
    40,804 SF
    11911 Meridian St
    MEDICAL BUILDING
    11911 Meridian St, Carmel, IN 46032-6904
    View Details
  • Value Estimation
    $1,315,000
    34,176 SF
    11900 Pennsylvania St
    MEDICAL BUILDING
    11900 Pennsylvania St, Carmel, IN 46032-4693
    View Details
  • Value Estimation
    $2,445,000
    88,335 SF
    12188 Meridian St Sta, Unit A
    MEDICAL BUILDING
    12188 Meridian St Sta, Carmel, IN 46032-4578
    View Details

Similar Nearby for Sale

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    Contact for pricing
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  • Contact for pricing
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  • New
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    18,138 SF
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    18,138 SqFt office building in Carmel, Indiana.
    695 Pro-Med Ln, Carmel, IN 46032
    View Details
  • New
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    12,490 SF
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  • Contact for pricing
    5,403 SF
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    Freestanding building on a 1-acre lot with existing surface parking and a veterinary-style interior layout.
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    Efficient professional space with a dedicated entrance for staff and visitors.
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Similar Nearby for Lease

  • Contact for pricing
    40,000 sqft
    Medical Office Building for Lease
    Three-story medical office building offering suite space in a healthcare-oriented Meridian corridor location.
    12174 North Meridian Street, Carmel, IN 46032
    View Details
  • $25 SF/Yr
    Office and Retail Building with Parking
    Well-maintained building with street-facing signage, on-site parking, and flexible space for office, medical, or retail users.
    1121 South Rangeline Road, Carmel, IN 46032
    View Details
  • Contact for pricing
    5,321 sqft
    Medical Office Space in Carmel
    Well-maintained medical office with operating rooms and ample parking.
    1120 AAA Way, Carmel, IN 46032
    View Details
  • Contact for pricing
    2,000 sqft
    Veterinary Medical Office Space
    Veterinary office space becomes available in July 2026 with signalized intersection access.
    10595 4335 W 106th St, Carmel, IN 46032
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  • Contact for pricing
    1,389 sqft
    Medical Office Space For Lease
    Prime medical office space available near Ascension St. Vincent Carmel Hospital.
    13420 N Meridian St, Carmel, IN 46032
    View Details
  • Contact for pricing
    977 sqft
    Medical Office Space with Visibility
    Office/medical space in a wooded setting with visibility, ample parking, Meridian Street signage, and 3 minutes to I-465.
    12220 N Meridian St, Carmel, IN 46032
    View Details
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