2000 E 116th St
Price
$2,500,000
Square Feet
26,662
Price/Sq Ft
$93.77
Description
Unique professional office building located in heart of Carmel with Great accessibility and visibility from 116th St. Building is located on the north side of 116th St between Keystone Ave and Rangeline Rd.
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Location
2000 E 116th St United States Properties 2000 E 116th St Investment Property For Sale Office 2000 E 116th St 2000 E 116th St, Carmel, IN 46032
Property Details
Market Context
This office in Carmel, IN is listed for sale at $2,500,000 across 26,662 SF ($94/SF). The building dates to 1980. It has been on the market for 142 days.
As of Q1 2026, the Indianapolis office market showed average asking rents near $20.98/SF/yr. Source: multiple brokerages Q1 2026 market report.
Projected current pricing
low confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 8.6%, asking rent held flat).
Compare it against other office listings for sale in Carmel, IN to benchmark pricing and space — view the full market.
Unified Estimate
Medium ConfidenceRate-first confidence-weighted blend with cost-of-business adjustment.
Sale Price History
Market report quarterly trend fallback
- Avg Rent ($/SF/yr) (market data)
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Financing Assumptions
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Price per Square Foot
$93.77
38.5% below market (favorable)
Asking price / 26,662 sqft
Assumptions
- Interest rate: 6.47% (FRED live)
- Loan term: 25 years
- Down payment: 25.0%
- Market comparison: office in Carmel, IN
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