Property profile

14555 Hazel Dell Pkwy Carmel, IN 46033

FOR LEASE
Medical Office Space
Property ID
US31-0639815
9,480 SF 3.07 ac lot Built 2006
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office building, located at 14555 Hazel Dell Parkway in Carmel, Indiana, offers a prime opportunity for healthcare professionals. The property boasts a total of 12,250 square feet, currently fully vacant and available for lease. The building is comprised of two suites, offering flexible space options. Individual suites can be leased with a minimum of 1,600 square feet, while a maximum of 9,500 contiguous square feet is available. This allows for a variety of tenant needs, from smaller practices to larger medical groups. The building's location in Hamilton County provides convenient access to a wealth of amenities, including nearby shops, banks, and restaurants, ensuring both convenience for staff and accessibility for patients. While 1,600 to 2,750 square feet of medical office space is immediately available, an additional 9,500 square feet can be accommodated in a future build-out, providing significant expansion potential for growing practices. This presents a unique opportunity to establish or expand a medical practice in a thriving Carmel community. The property's address is 14555 Hazel Dell Parkway, Carmel, IN 46033.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Construction WOOD
Total area 9,480 SF
Lot 3.07 ac (133,729 SF)
APN 29-10-22-022-002.000-018
UPID US31-0639815

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Dental Office
  • Dental Office
  • Dental Office
  • Medical Clinic

Location

14555 Hazel Dell Pkwy Carmel, IN 46033
Carmel metro Census 110911 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
by Request
Comparable Approach Comparable
$802k
Blend (final) Blend
$760k

Owner & transaction history

since 2005
2 recorded transactions
2005
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.2M +144.2%
Auto repair, garage $1.1M +114.7%
Retail stores $965,000 +95.6%

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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