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Property profile & analytics
OFF-MARKET Estimated value $930,000
Medical Office Space

13590 Meridian St B Carmel, IN 46032-1555

20,932 SF 1.87 ac lot Built 2003
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0814578
Property summary
AI-generated overview

This exceptional two-story, Class B medical office building in Carmel, Indiana, offers 21,000 square feet of space, with two available suites ranging from 2,177 to 3,446 contiguous square feet. Currently, 5,623 square feet are vacant. Built in 2003, the building features modern architecture and high-end finishes, as evidenced by a previously occupied dental suite with five exam rooms, a lab, x-ray room, two offices, reception area, break room with laundry hookup, and a private restroom and shower. The property boasts ample parking and convenient access to major transportation routes, including US 31 and 136th Street. Its strategic location offers excellent visibility and proximity to upscale dining, shopping, and entertainment options, as well as the Arts & Design District and the Palladium at the Center for the Performing Arts. The building's location in Hamilton County, Indiana, near top-rated hospitals and medical centers, provides an ideal blend of urban convenience and suburban tranquility. This is a multiple-tenancy building situated at 13590 N. Meridian St., Carmel, IN 46032.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2003
Construction WOOD
Total area 20,932 SF
Lot 1.87 ac (81,457 SF)
APN 29-09-25-000-001.001-018
UPID US31-0814578
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
  • Carmel Oral & Maxillofacial Surgery PC Dental Office
  • Aesthetic Surgery Center Medical Clinic Hospital
  • Kamer Karen DDS Dental Office
  • Holistic Doctor Indianapolis Physician Alternative Medicine Practice
  • Fertile Ground- Fertility Awareness & Reproductive Health Coaching Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$990k
CAP Approach CAP
by Request
Comparable Approach Comparable
$870k
Blend (final) Blend
$930k
Owner & transaction history
13590-b Meridian LLC · 7 yrs held
13590-b Meridian LLC
since 2019
6 recorded transactions
2019
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $1.4M +53.3%
Neighborhood: shopping center $1.3M +40.0%
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