755 Carmel Dr Carmel, IN 46032-5877
Property profile & analytics
755 Carmel Dr Carmel, IN 46032-5877
- Office Spaces
- 41,054 SF
- 2.70 lot acres
Property ID
US31-3538549
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.
Location Intelligence
Current Use by Public Records
- Indy Facets / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
- Jacanna Designs / (Bike/Boat/Book/etc) Store
- St Vincent Hospital & Health / Hospital
- Siwy Plastic Surgery: Dr. Barbara K. Siwy / Medical Clinic
- Fiona J. Kress, Ph.D., HSPP / Child Psychologist / Counselor
Property Details for 755 Carmel Dr
- Year built
- 1999
- Construction
- WOOD
- Lot size
- 2.70 lot acres
- Property size
- 41,054 SF
- Property type
- Office Spaces
- APN
- 29-09-36-002-010.000-018
- APU
- 290936002010000018
Description
755 W Carmel Drive presents a remarkable investment opportunity in a thriving Carmel location. This multi-tenant Class A office building boasts a total of 45,255 square feet situated on a meticulously landscaped 2.99-acre site. The property's strategic positioning offers unparalleled access to the vibrant Carmel City Center and the renowned Carmel Arts District, ensuring high visibility and convenient access for tenants and clients. Currently, there are three available office spaces ranging in size from 675 square feet to 2,060 square feet, providing flexibility for businesses of varying scales. The building's M-3 zoning allows for a diverse range of professional uses, making it ideal for executive offices and medical practices alike. This exceptional property offers a blend of prime location, modern amenities, and ample space, presenting a compelling opportunity for discerning investors and businesses seeking a prestigious address in Carmel, Hamilton County. The fully improved 2.99-acre lot provides ample parking and potential for future expansion. The building's high-quality construction and desirable location ensure strong tenant demand and long-term value. This is a rare opportunity to acquire a well-maintained, high-performing asset in a highly sought-after area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $9,235,000
- 6.5%
- $8,525,000
- 7%
- $7,920,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,421,000
Market price range: $6.35M - $16.6M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $11,375,000 Current use
- RETAIL STORES
- $13,630,000 Change: +20% Conversion: Easy
- AUTO REPAIR, GARAGE
- $11,865,000 Change: +4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Carmel
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.1451
- Latitude
- 39.9658
- 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
$60,103
$781,900
$2,195,700
$2,977,600
-
$781,900
$2,195,700
$2,977,600
