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Property profile & analytics
FOR LEASE
Warehouses

4250 W 99Th St Carmel, IN 46032

21,000 SF 1.46 ac lot Built 2001
Entity Owned 1-yr Hold Free & Clear
Property ID
US31-1289063
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2001
Construction TYPE NOT SPECIFIED
Total area 21,000 SF
Lot 1.46 ac (63,598 SF)
APN 29-13-07-010-004.002-018
UPID US31-1289063
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
  • VIKING MECHANICAL, LLC Plumbing Service General Contractor
  • aoi Food Market Farmer's Market
  • NoveltyMints Specialty Food Shop Candy Store
  • DSH Indiana, Inc. Corporate Office
  • CoasterStone Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.59M
Comparable Approach Comparable
$2.49M
Blend (final) Blend
$2.78M
Owner & transaction history
4250 West 99th Street LLC · 1 yrs held
4250 West 99th Street LLC
since 2024
Last sale
$3.2M
6 recorded transactions
2024
$3.2M
2016
Price N/A
2014
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
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More about this property
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