Property profile

468 Gradle Dr Carmel, IN 46032

OFF-MARKET
Office Spaces
Property ID
US31-0022050
12,400 SF 1.1 ac lot Built 1978
Individually Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,500-square-foot industrial flex space in central Carmel, Indiana, presents a unique leasing opportunity. Located at 468 Gradle Dr, Carmel, IN 46032, this single-story, 1978-built building offers a total of three suites, each a minimum of 3,500 square feet. Currently, the entire 12,500 square feet is available for lease as a multi-tenant property. The property features convenient access with two drive-in bays, making loading and unloading efficient. Its location in Hamilton County provides easy access to major transportation routes, enhancing logistical advantages for businesses. The property's flexible design caters to a variety of industrial and commercial uses, making it an ideal space for companies seeking a versatile and strategically located facility. The property's APN is 16-09-36-00-00-036.007. This is a rare opportunity to secure a substantial and well-situated industrial flex space in a thriving Carmel location. The property's size and layout offer significant potential for businesses seeking expansion or a new home base. Interested parties are encouraged to inquire for further details and leasing information.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1978
Construction TYPE NOT SPECIFIED
Total area 12,400 SF
Lot 1.1 ac (47,829 SF)
APN 29-09-36-000-036.007-018
UPID US31-0022050

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
  • Insurance Agency
  • Auto Repair Shop

Location

468 Gradle Dr Carmel, IN 46032-2536
Carmel metro Census 111011 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.92M
Blend (final) Blend
$610k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2011
Price N/A
2011
Price N/A
2004
Price N/A

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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