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Financial
Distress signals
Property profile

301 Pennsylvania Pkwy Indianapolis, IN 46280

FOR LEASE
Other office properties
Property ID
US31-0617889
139,036 SF 8.55 ac lot Built 2006
Last sale Dec 2013
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
301 Pennsylvania Pkwy, Indianapolis, IN 46280 For Lease 1 / 2
Contact for pricing 6,226 SF available
301 Pennsylvania Pkwy, Indianapolis, IN 46280
View Listing

Property summary

AI-generated overview

Penn on Pkwy is a Class A office park situated at the intersection of I-465 where Indianapolis meets Carmel. The campus includes three office buildings, a large water feature, and extensive on-site parking. The property was constructed in 2006 and renovated in 2018, providing 133,399 rentable square feet of office space organized across four floors. Typical floorplates are approximately 34,000 square feet each. Ceiling heights are 14 feet slab-to-slab, with finished ceilings at 10 feet. Parking…

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?
$196k
Tax billed · 2023
Assessed value$13.55M
Assessed land$3.68M
Assessed improvement$9.87M
Effective rate1.45%

Value estimate

· Oct 2026
$13.89M
$12.50M – $15.28M
Submarket $/SF estimate$11.75M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 181 recorded sales of this use type
Observed band · Q1–Q3$30 – $120

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply21.1
Wholesale Shop18.3
Auto Repair Shop15.8

Location

301 Pennsylvania Pkwy Indianapolis, IN 46280
County assessor Recorded deeds · 5 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10445 College, Carmel, IN 46280-1436 $320,000 Nov 2024 3,480 SF
10455 College, Carmel, IN 46280-1436 $62,597 Jun 2024 12,385 SF
10411 College, Carmel, IN 46280-1436 $172,000 Feb 2024 5,744 SF
1605 106th, Carmel, IN 46280-1505 $91,785 Dec 2023 61,492 SF
201 Pennsylvania, Carmel, IN 46280-2301 $40,216,985 Sep 2022 130,270 SF
9700 Lk Shr E, Carmel, IN 46280-2941 $3,000,000 Aug 2022 10,200 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
    $39,485,000
    130,270 SF
    201 Pennsylvania Pkwy
    MEDICAL BUILDING
    201 Pennsylvania Pkwy, Carmel, IN 46280-2301
    View Details
  • Value Estimation by Request
    61,492 SF
    1605 106th St
    OFFICE (GENERAL)
    1605 106th St, Carmel, IN 46280-1505
    View Details
  • Value Estimation
    $10,910,000
    55,415 SF
    55 111th St
    OFFICE (GENERAL)
    55 111th St, Carmel, IN 46280-1071
    View Details
  • Value Estimation
    $6,235,000
    53,243 SF
    3077 98th St
    OFFICE (GENERAL)
    3077 98th St, Carmel, IN 46280-2940
    View Details
  • Value Estimation
    $4,860,000
    34,606 SF
    3003 98th St
    OFFICE (GENERAL)
    3003 98th St, Carmel, IN 46280-1998
    View Details
  • Value Estimation
    $1,620,000
    26,068 SF
    9820 Association Ct
    OFFICE (GENERAL)
    9820 Association Ct, Carmel, IN 46280-1962
    View Details

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Similar in This City for Lease

  • New
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