Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    231 Veterans Way Carmel, IN 46032-3391

    • Commercial land
    • 1,536 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 08, 2022
    Location Intelligence
    Property ID
    US31-0709173
    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

    • Bovet Interiors / Interior Designer

    Property Details for 231 Veterans Way

    Year built
    1955
    Lot size
    0.18 lot acres
    Property size
    1,536 SF
    Property type
    Commercial land
    APN
    29-09-25-163-014.000-018
    APU
    290925163014000018

    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
    -86.128
    Latitude
    39.976
    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
    $4,355
    $216,000
    $0.00
    $216,000
    -
    $216,000
    $0.00
    $216,000

    Comparable in this City

    • Value Estimation by Request
      0.54 Acres

      117th St

      VACANT COMMERCIAL LAND • 0.54 Acres
      117th St, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      0.12 Acres

      716 Pawnee Rd

      VACANT COMMERCIAL LAND • 0.12 Acres
      716 Pawnee Rd, Carmel, IN 46032-2756
      View Details
    • Value Estimation by Request
      0.41 Acres

      Sweetgrass Dr

      VACANT COMMERCIAL LAND • 0.41 Acres
      Sweetgrass Dr, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      0.13 Acres

      Monon Grn Blvd

      VACANT COMMERCIAL LAND • 0.13 Acres
      Monon Grn Blvd, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      1.39 Acres

      291 146th St

      VACANT COMMERCIAL LAND • 1.39 Acres
      291 146th St, Carmel, IN 46032-1005
      View Details
    • Value Estimation by Request
      0.01 Acres

      4th SE Ave

      VACANT COMMERCIAL LAND • 0.01 Acres
      4th SE Ave, Carmel, IN 46032
      View Details

    Similar Nearby for Sale

    • $1,050,000

      Carmel Land For Sale

      Approximately 1.78 acres of land zoned UC.
      12800 N Old Meridian St, Carmel, IN 46032
      View Details
    • Contact for pricing
      24 SF

      Land Adjacent to US 31

      21.52 acres of land with frontage on US 31.
      15206 Westfield Blvd, Carmel, IN 46032
      View Details
    • $400,000
      Pending

      Carmel, IN Vacant Commercial Lot

      Vacant commercial lot available in Carmel, Indiana.
      3745 W 98Th St, Carmel, IN 46032
      View Details
    • Contact for pricing

      Carmel Redevelopment Prospect

      Redevelopment prospect in affluent, demographically rich Carmel.
      11825 N Pennsylvania St, Carmel, IN 46032
      View Details
    • $15,900,000

      Carmel Redevelopment Site For Sale

      Premier redevelopment site in Carmel, Indiana, totaling 3.15 acres.
      1037 South Range Line Rd, Carmel, IN 46032
      View Details
    • $799,900
      1.00 Acre

      Carmel Commercial Land in Weston

      Prime commercial lot in high-growth Carmel location.
      Weston Pointe Dr, Carmel, IN 46032
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Redevelopment Site For Rent

      1.5-acre corner site suitable for headquarters or mixed-use project.
      1001 S Range Line Rd, Carmel, IN 46032
      View Details
    • Contact for pricing

      Corner Site with Prominent Visibility

      1.5 acre corner site with great views and access.
      1001-1039 S Range Line Rd, Carmel, IN 46032
      View Details
    • Contact for pricing
      196,154 SF

      Carmel Retail Center - Prime Location

      High-traffic retail space, 196,154 sqft.
      116th St & Spg Ml Rd, Carmel, IN 46032
      View Details
    • Contact for pricing

      Carmel Land For Lease

      Land available for lease in Carmel, Indiana.
      11505 Illinois St, Carmel, IN 46032
      View Details
    • Contact for pricing
      137,345 SF

      Carmel Redevelopment Land - 1.5 Acres

      Prime Carmel location, redevelopment opportunity.
      1021 Range Line Rd, Carmel, IN 46032
      View Details
    • Contact for pricing
      1,829,520 SF

      Rangeline Road Commercial Land Parcel

      42-acre commercial land, Hamilton County.
      1032 Range Line Rd, Carmel, IN 46032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    231 Veterans Way
    Carmel, IN 46032-3391
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.