Office Suite with Private
610 N Rangeline Road, Carmel, IN 46032
For Sale
$749,999
A reception area, kitchenette, restroom, and open workspace support a range of office configurations.
Property Size1,696 SF
Price / SF$442.22
Days on Market417
Property Features for 610 N Rangeline Road
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Office Units
Property Use
Building Details
Building Size
Year Built
Stories
Listing Agency:
Circle Real Estate
(317) 643-9911
Listed By:
Jason O'Neil
(317) 989-0074
Source:
Battsrealestategroup
Added: Sep 19, 2025
Changed: Nov 7
Last Checked: Nov 8 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Circle Real Estate
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Investment Insights
Based on property information with market context.
This 1,696-square-foot office suite includes a reception area, four private offices, a kitchenette, a restroom, and an open work area. Hardwood floors, crown molding, neutral paint, and natural light characterize the interior. The property was built in 1920 and is zoned B-5.
Located at 610 N Rangeline Road in Carmel, the office has a dedicated on-site parking lot and sits among dining, services, and other amenities.
Located at 610 N Rangeline Road in Carmel, the office has a dedicated on-site parking lot and sits among dining, services, and other amenities.
Key Highlights
- 1,696‑square‑foot office suite
- Four private offices plus an open work area
- Reception area, kitchenette, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,904
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,080
$438.1K
Cap Rate 7%
$312,914
$312.9K
Cap Rate 9%
$243,378
$243.4K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$35.6K $21.00/SF
− Vacancy
−$6.4K −$3.78/SF
EGI
$29.2K $17.22/SF
− OpEx
−$7.3K −$4.31/SF
NOI
$21.9K $12.92/SF
Area
Carmel, IN
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,080
Cap Rate 7%
$312,914
Cap Rate 9%
$243,378
Alternative Uses
Best Use
Office B
$312.9K
$273.8K – $365.1K
NOI $21,904 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.8K
$389.2K – $519.0K
NOI $31,139 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 46032, IN
50,477
Population
22,118
Households
2.3
Avg Household Size
40
Median Age
75%
College-Educated
98%
High-School Grad
25.3 sq mi
ZIP Area
1,995
Density / Sq Mi
$123,438
Median Household Income
$70,558
Median Earnings
$1,522
Median Rent
$464,200
Median Home Value
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Market
Properties on Market for Office Units in Hamilton County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, kitchenette, restroom, and open workspace support a range of office configurations.
Where is this office unit located?
The property is located at 610 N Rangeline Road Carmel, IN.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: 1,696‑square‑foot office suite; Four private offices plus an open work area; Reception area, kitchenette, and restroom
