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Property summary
This exceptional Class A office building presents a significant investment opportunity in the highly desirable West Carmel, Indiana market. The property encompasses a substantial 219,408 square feet across two stories within a single building, situated on a generous 22.1-acre parcel. Built in 1973, the property is zoned for office use and offers ample parking at a ratio of 5 spaces per 1,000 square feet, along with a convenient loading dock. Its prime location at 9998 N Michigan Rd, Carmel,… IN 46032, places it at the gateway to Zionsville, benefiting from the combined strengths of these two thriving Indiana communities. The surrounding area is experiencing robust growth, with flourishing retail establishments bordering the property to the north, south, and east, and multiple new multi-family developments nearby. Internal amenities include a first-floor fitness center, full-service cafeteria, extensive conferencing space, and an outdoor patio area. The second floor offers dedicated recreational space. This property offers a unique blend of established infrastructure and significant growth potential within one of Indiana's most sought-after suburban locations. The city of Carmel consistently ranks highly for quality of life, boasting strong job growth, high income levels, excellent schools, low crime, and abundant recreational opportunities. This presents a compelling opportunity for investors seeking a well-located, substantial office property in a dynamic market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 2.91 ac
- APN
- 29-13-07-007-001.000-018
- Assessed value · 2023
- $8,700
- Annual tax · 2023
- $220
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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