4250 W 99Th St Carmel, IN 46032
For Lease
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This exceptional 21,000-square-foot industrial property in the Mayflower Park - Carmel submarket presents a unique opportunity for single or multi-tenant occupancy. Built in 2001 and extensively renovated in 2024, the building boasts a single story, offering 17' to 19' clear ceiling heights. The space is divisible, with a minimum leasable area of 8,400 square feet and a maximum contiguous space of 21,000 square feet. Two suites are available, each offering significant flexibility. One suite encompasses approximately 12,600 square feet, including 965 square feet of office space (or build-to-suit options are available). The second suite offers 8,400 square feet, also with 965 square feet of office space (or build-to-suit). The property features two 8'x9' loading docks and three 12'x14' drive-in doors, ensuring efficient loading and unloading. Power is provided by a 120/280-volt, 800-amp, 3-phase system. The property is zoned I-2 and benefits from convenient access to US 421, I-465, and I-65. The property is ready for tenant improvements in January 2025. The lease rate is $13.95 per square foot, NNN, with estimated 2024 operating expenses of $2.30 per square foot.
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VIKING MECHANICAL, LLC Plumbing Service General Contractor
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aoi Food Market Farmer's Market
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.