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Property profile & analytics
OFF-MARKET
Medical Office Space
1040 Rangeline Rd Carmel, IN 46032-1469
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-3511273
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
WOOD
Total area
5,156 SF
Lot
0.6 ac (26,136 SF)
APN
29-09-24-404-002.000-018
UPID
US31-3511273
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
-
Cool Creek Dentistry Dental Office
-
24/7 TowTruck Carmel IN Auto Repair Shop
-
Dr. Rachana Waghela Dental Office
-
Elite Smile Dentistry of Carmel Dental Office
-
David Kristoff Dental Office
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
Nstai Properties LLC · 5 yrs held
Nstai Properties LLC
since 2021
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carmel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmel submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,713
Tax year 2023
Assessed value
$630,600
Assessed 2023
Previous assessed
$630,600
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$255,600
Assessed improvement
$375,000
Land market value
$255,600
Improvement market value
$375,000
Total market value
$630,600
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,156 SF
Lot
0.6 ac (26,136 SF)
APN
29-09-24-404-002.000-018
UPID
US31-3511273
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Nstai Properties LLC
Entity
Mailing address
3940 CHADWICK DR, CARMEL, IN 46033-4807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2021
—
Nstai Properties LLC
Kristoff Properties LLC
Warranty Deed
—
Apr 9, 2015
—
Kristoff Properties LLC
Kristoff David J & Linda M
Quit Claim Deed
related
—
Jun 16, 2004
—
David J Kristoff
Wchw
Warranty Deed
related
$750,000 · Banco Popular NA
—
—
David J Kristoff
—
Deed Of Trust
related
$600,000 · Banco Popular NA
—
—
David J Kristoff
—
Deed Of Trust
related
$750,000 · First National Bank
—
—
David J Kristoff
—
Deed Of Trust
related
$1,650,000 · Lake City Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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