10 W 106th St — Sale in Carmel, IN

  • Price: $9.8M
  • Listing type: For sale
  • Asset type: Office
  • Location: Carmel, IN 46032
  • Size: 54,198 SF

Investment Figures

Price per square foot
$180

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Additional ??7.62 acres of prime development also available for sale

Market Context

This office in Carmel, IN is listed for sale at $9,750,000 across 54,198 SF ($180/SF). It has been on the market for 238 days. Compare it against other office listings for sale in Carmel, IN — view the full market.

As of Q1 2026, the Indianapolis office market showed average asking rents near $20.98/SF/yr, and cap rates around 8.6%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Indianapolis?
About 8.6% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$79.70/SF – $107.84/SF

Mid: $93.77/SF

Estimated total for 54,198 SF: $5,082,146 per year

Rate-first confidence-weighted blend with cost-of-business adjustment.

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