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    Property profile & analytics

    502 Carmel Dr Carmel, IN 46032-2814

    • Commercial land
    • 3.09 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0958530
    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

    • Jordan River Church / Non-Denominational Church
    • Catering by Jonathan Byrd's / Caterer
    • 502 East Event Centre / Event Venue
    • Carmel Marketplace / Shopping Mall

    Property Details for 502 Carmel Dr

    Lot size
    3.09 lot acres
    Property type
    Commercial land
    APN
    29-10-31-000-023.002-018
    APU
    291031000023002018

    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
    -86.1178
    Latitude
    39.9633
    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
    $15,398
    $763,500
    $0.00
    $763,500
    -
    $763,500
    $0.00
    $763,500

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      270 Merchants Sq Dr

      VACANT COMMERCIAL LAND • 0.01 Acres
      270 Merchants Sq Dr, Carmel, IN 46032-2981
      View Details
    • Value Estimation by Request
      0.15 Acres

      Meridian St

      VACANT COMMERCIAL LAND • 0.15 Acres
      Meridian St, Carmel, IN 46032
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    • Value Estimation by Request
      3.88 Acres

      12345 Old Meridian St

      VACANT COMMERCIAL LAND • 3.88 Acres
      12345 Old Meridian St, Carmel, IN 46032-8710
      View Details
    • Value Estimation by Request
      0.04 Acres

      720 Rangeline Rd

      VACANT COMMERCIAL LAND • 0.04 Acres
      720 Rangeline Rd, Carmel, IN 46032-3005
      View Details
    • Value Estimation by Request
      0.74 Acres

      Rangeline Rd

      VACANT COMMERCIAL LAND • 0.74 Acres
      Rangeline Rd, Carmel, IN 46032
      View Details
    • Value Estimation by Request
      1.43 Acres

      801 Congressional Blvd

      VACANT COMMERCIAL LAND • 1.43 Acres
      801 Congressional Blvd, Carmel, IN 46032-5646
      View Details

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      Carmel Land For Sale

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      24 SF

      Land Adjacent to US 31

      21.52 acres of land with frontage on US 31.
      15206 Westfield Blvd, Carmel, IN 46032
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    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
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      Corner Site with Prominent Visibility

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

      Carmel Retail Center - Prime Location

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      116th St & Spg Ml Rd, Carmel, IN 46032
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      Carmel Land For Lease

      Land available for lease in Carmel, Indiana.
      11505 Illinois St, Carmel, IN 46032
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      137,345 SF

      Carmel Redevelopment Land - 1.5 Acres

      Prime Carmel location, redevelopment opportunity.
      1021 Range Line Rd, Carmel, IN 46032
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    • 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

    Property Visit Statistics

    • Visits by month
      9.8k
    • Visitors by month
      7.4k
    • Avg Time on site
      13 min
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    Carmel, IN 46032-2814
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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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