1037 Range Line Rd Carmel, IN 46032
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.