Property profile

231 Rangeline Rd Carmel, IN 46032

OFF-MARKET
Office Spaces
Property ID
US31-1277129
2,152 SF 0.25 ac lot Built 1979
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1979
Construction WOOD
Total area 2,152 SF
Lot 0.25 ac (10,890 SF)
APN 29-10-30-301-023.000-018
UPID US31-1277129

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pet Grooming Service
  • General Contractor Renovation Specialist
  • Architecture Firm
  • Nail Salon

Location

231 Rangeline Rd Carmel, IN 46032-2122
Carmel metro Census 111007 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$445k
Comparable Approach Comparable
$595k
Blend (final) Blend
$840k

Owner & transaction history

since 2023
Last sale
$561,000
1 recorded transaction
2023
$561,000

Zoning & alternative use

Top alternative use upside
Retail stores $715,000 +19.8%
Auto repair, garage $620,000 +4.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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