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    Property profile & analytics

    1021 Range Line Rd Carmel, IN 46032

    • Parking lots & garages
    • 2,018 SF
    • 0.46 lot acres
    For Lease
    View listing
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US31-0512300
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pro Boom Lift Rentals / Construction Machine Rental Service

    Property Details for 1021 Range Line Rd

    Year built
    1985
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.46 lot acres
    Property size
    2,018 SF
    Property type
    Parking lots & garages
    APN
    29-10-31-107-019.000-018
    APU
    291031107019000018

    Description

    This exceptional 1.5-acre commercial land parcel, totaling 137,345 square feet, presents a unique redevelopment opportunity in the heart of Carmel, Indiana. Located at 1001 & 1021 S. Rangeline Rd, this single-tenancy property offers unparalleled access to key city amenities and high visibility. The site boasts a prime location directly across from the expanded police station and courthouse, Civic Square Parking Garage, City Center, Japanese Garden, Monon Trail, Farmer's Market, and the Palladium. This central location places your development at the epicenter of Carmel's vibrant community life, ensuring high foot traffic and exposure to a diverse population. The property is zoned for commercial use and is ideal for a variety of projects, including new headquarters, mixed-use developments, or retail spaces. Its proximity to major civic buildings, green spaces, and entertainment venues makes it an attractive location for businesses and residents alike. The 46032 zip code ensures easy access to a strong workforce and established infrastructure. This is a rare opportunity to acquire a significant land parcel in one of Indiana's most desirable and rapidly growing cities. The property's size and location offer exceptional potential for a high-impact development. Contact us today to learn more about this exceptional redevelopment opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1263
    Latitude
    39.9659
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,948
    $190,400
    $1,700
    $192,100
    -
    $190,400
    $1,700
    $192,100

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      PARKING GARAGE, PARKING STRUCTURE • 241,050 SF
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      View Details

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    1021 Range Line Rd
    Carmel, IN 46032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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