Property profile & analytics
211 W Main St Carmel, IN 46032
- Office properties & Spaces
- 35,414 SF
- 0.27 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US31-3181675
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Savor Restaurant / Restaurant
- ADVISA / Business Management Consultant
- OneCause / Corporate Office
- Berkadia / Real Estate Agency
- Evans May Wealth / Financial Advisor
Property Details for 211 W Main St
- Year built
- 2017
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.27 lot acres
- Property size
- 35,414 SF
- Property type
- Office properties & Spaces
- APN
- 29-09-25-161-004.001-018
- APU
- 290925161004001018
Description
This exceptional investment opportunity presents a Class A, mixed-use property located at 211 W Main St, Carmel, IN 46032, in the heart of Hamilton County. The property, known as Monon & Main, is a four-story building totaling 34,406 square feet, offering a blend of creative office and storefront spaces. Built in 2018, the building boasts a 100% occupancy rate as of October 5, 2023, generating a substantial net operating income (NOI) of $1,000,000 and a compelling 7.14% cap rate. The asking price is $14,000,000, translating to $406.91 per square foot. This core investment presents significant potential for long-term growth, with the possibility of increasing cash flow through a market-to-market program. Situated in Carmel, Indiana, consistently ranked among the nation's best small cities, this property benefits from an extremely healthy submarket location within the Arts & Design District. The property's strong performance and prime location make it an attractive investment for both passive investors and owner-users seeking a high-quality asset in a thriving community. The building's mixed-use nature provides flexibility and diversification, catering to a variety of tenants. This is a rare opportunity to acquire a fully leased, high-performing asset in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,970,000
- 6.5%
- $7,355,000
- 7%
- $6,830,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $9,815,000 Current use
- AUTO REPAIR, GARAGE
- $10,235,000 Change: +4% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Carmel
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.1306
- Latitude
- 39.9781
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$114,821
$324,000
$5,371,500
$5,695,500
-
$324,000
$5,371,500
$5,695,500
