Carmel Medical Arts Pavilion

Off-Market

12174 North Meridian Street, Carmel, IN 46032

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 40,000 SF
  • Lot Size 1.82 Acre
  • Parking Spaces Avail. 120
  • Parking Ratio 3.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2022

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 15 Jun, 2020
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Carmel

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Carmel Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $21.68
  • 2022 Office Vacancy Rate 15.81%
  • 2022 Office Completions (SF) 40,000
View more Carmel market trends

Location

Getting Around

  • Walk Score ®

    31/100 Car-Dependent

  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • City Carmel, IN
  • Neighborhood Meridian
  • Zip Code 46032
  • Market Indianapolis

Points of Interest

  • Meijer

    0.53 miles

  • Tesla Supercharger

    0.56 miles

  • GetGo

    0.84 miles

  • Shell

    1.29 miles

  • Shell

    1.72 miles

  • Kroger

    1.76 miles

  • Shell

    1.80 miles

  • Shell

    1.81 miles

  • Speedway

    1.84 miles

  • Shell

    2.71 miles

  • Veterans Way Garage

    1.66 miles

  • Clay Terrace Parking Area D

    2.53 miles

  • Clay Terrace Parking Area E

    2.65 miles

  • Clay Terrace Parking Area C

    2.65 miles

  • Clay Terrace Parking Area F

    2.71 miles

  • Clay Terrace Parking Area B

    2.73 miles

  • Carmel Clay Community Soccer Complex Parking Lot

    2.77 miles

  • Clay Terrace Parking Area G

    2.79 miles

  • Clay Terrace Parking Area A

    2.82 miles

  • Bus Lot

    4.05 miles

  • Renaissance Indianapolis North Hotel

    0.16 miles

  • Hampton Inn Indianapolis/Carmel

    0.26 miles

  • Residence Inn Indianapolis Carmel

    0.33 miles

  • SpringHill Suites Carmel

    0.36 miles

  • Hilton Garden Inn Indianapolis/Carmel

    0.80 miles

  • Fairfield Inn & Suites Indianapolis Carmel

    0.93 miles

  • Homewood Suites by Hilton Indianapolis Carmel

    0.95 miles

  • Hotel Carmichael

    1.62 miles

  • Sonesta Select Indianapolis Carmel

    2.07 miles

  • Comfort Inn Indianapolis North - Carmel

    2.15 miles

  • Max & Erma's

    0.22 miles

  • Le Peep

    0.28 miles

  • Moe's Southwest Grill

    0.36 miles

  • La Hacienda Mexican Restaurant

    0.36 miles

  • Amber Indian Restuarant

    0.38 miles

  • J Razzo's

    0.38 miles

  • Toppers Pizza

    0.40 miles

  • Yogurtz

    0.40 miles

  • Panda Express

    0.49 miles

  • Zoup!

    0.50 miles

  • Indiana Ballet Conservatory

    0.55 miles

  • Clay Center Elementary

    0.93 miles

  • Carmel Middle School

    0.96 miles

  • Midwest Academy

    1.16 miles

  • Options Charter School

    1.23 miles

  • Walnut Grove Christian Preparatory School

    1.47 miles

  • Smoky Row Elementary School

    1.57 miles

  • Carmel Elementary School

    2.10 miles

  • Orchard Park Elementary School

    2.28 miles

  • Carmel High School

    2.32 miles

  • Heartland Hall Child Develoment Center

    0.81 miles

  • Abacus Preschool

    0.88 miles

  • Children's Learning Adventure

    0.97 miles

  • Rangeline KinderCare

    1.75 miles

  • The Goddard School

    1.99 miles

  • The Urban Chalkboard

    2.19 miles

  • Primrose School at Westclay

    2.65 miles

  • The Goddard School

    3.42 miles

  • Gymboree Play & Music

    3.62 miles

  • SEAS Parish Life Center and Kindergarten

    3.77 miles

Frequently Asked Questions

What is the total square footage of Carmel Medical Arts Pavilion?

Carmel Medical Arts Pavilion totals 40,000 square feet.

When was this property built?

Carmel Medical Arts Pavilion was built in 2022.

When was Carmel Medical Arts Pavilion last sold?

Carmel Medical Arts Pavilion was last sold on 15 Jun, 2020.

What is the property tax for Carmel Medical Arts Pavilion?

The property tax for Carmel Medical Arts Pavilion in 2022 was $7,342.

What is the market value for Carmel Medical Arts Pavilion?

The market value* for Carmel Medical Arts Pavilion in 2022 was $356,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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