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Property profile & analytics
OFF-MARKET
Land

1037 Range Line Rd Carmel, IN 46032

3.15 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.15-acre commercial land parcel presents a unique redevelopment opportunity in the heart of Carmel, Indiana. Located at 1037 S Rangeline Rd, this property boasts a highly visible corner location, spanning an entire city block. The site offers remarkable views and benefits from excellent elevation. Its strategic position across from the expanded police station and courthouse, Civic Square Parking Garage, City Center, Japanese Garden, Monon Trail, Farmer's Market, and Palladium ensures unparalleled access to amenities and high foot traffic. A pedestrian multi-use path and raised crosswalk enhance accessibility. Over 1,000 public parking spaces are within walking distance, providing ample convenience for future development. The property consists of five parcels (APN: 29-10-31-107-018.000-018) and is ideally suited for a high-density development project, potentially benefiting from Tax Increment Financing (TIF). Existing income streams are in place, making this a compelling investment opportunity with significant potential for a new headquarters or mixed-use development. This is one of the most prominent locations in Carmel, offering exceptional visibility and accessibility.

Property profile
Verified
Property type Land
Lot 3.15 ac (137,214 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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