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Property profile & analytics
OFF-MARKET
Parking lots & garages

1021 Rangeline Rd Carmel, IN 46032-2543

2,018 SF 0.46 ac lot Built 1985
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US31-0512300
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1985
Construction TYPE NOT SPECIFIED
Total area 2,018 SF
Lot 0.46 ac (20,038 SF)
APN 29-10-31-107-019.000-018
UPID US31-0512300
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
Current use
Occupant on record · Public records
  • Pro Boom Lift Rentals Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Meridian North Medical LLC · 9 yrs held
Meridian North Medical LLC
since 2017
1 recorded transaction
2017
$250,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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