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650 East Carmel Drive

Carmel · Hamilton County, IN 46032

Asking price

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At a glance

Public data gathered Oct 10, 2026.

Public record

County record

Researched Oct 10, 2026
Recorded Owner
Valhalla Holdings LLC & Rods Carmel Tower LLC tc1
Assessor Land Use
4491
Zoning Code
B-82
Zoning Designation
VARIETY OF COMMERCIAL AND OFFICE USES TO BE DEVELOPED IN SHOPPING CENTER TYPE ENVIRONMENT, MAY INCLUDE ONE OR MORE UNIFIED SHOPPING CENTERS AND/OR ONE OR MORE COMMERCIAL AND OFFICE BLDGS2
Assessed Value
$3,361,3003
Assessed Land Value
$700,0003
Assessed Improvement Value
$2,661,3003
Annual Property Tax
$67,787.34/yr3
Tax Year
20253
Last Sale Date
May 15, 20264

Tax lots

1 lot
Parcel numberAcresAssessedAnnual tax
16-10-31-00-00-020.00031.4$3,361,300$67,787.34

Recorded sales

DateInstrumentDocumentBuyerSeller
May 15, 20264Warranty Deed2026021405Valhalla Holdings LLC & Rods Carmel Tower LLC tcCarmel Tower LLC
Dec 16, 20204Warranty Deed2020091880Carmel Tower LLCNetwork Capital LLC
Mar 4, 20134Warranty Deed2013012633Network Captial LLCGS Properties Inc (49%), Network Capital LLC (51%)
Feb 15, 20134Warranty Deed2013009719GS Properties Inc (49%), Network Capital LLC (51%)GS Properties Inc (49%), Maz I (FK) LLC (9.32%), Network Capital LLC (41.68%)
Feb 15, 20134Warranty Deed2013009718GS Properties Inc (49%), Maz I (FK) LLC (9.32%), Network Capital LLC (41.68%)Equicor Development at FK LLC (41.68%), GS Properties Inc (49%), Maz I (FK) LLC (9.32%)
Feb 15, 20134Warranty Deed2013009715Equicor Development at FK LLC (41.68%), GS Properties Inc (49%), Maz I (FK) LLC (9.32%)Equicor Development at FK LLC (41.68%), GS Properties (47%), Maz I (FK) LLC (11.32%)
Feb 8, 20104Warranty Deed2010005823Equicor Development at FK LLC (41.68%), GS Properties (47%), Maz I (FK) LLC (11.32%)GS Properties 47%, A&f Dev LLC 47%,MAZ I (fk) LLC 6%

Sources

  1. 1
    HamCoParcelsPublic · gis1.hamiltoncounty.in.gov
  2. 2
    Zoning · carmelgis.carmel.in.gov
  3. 3
    secure2.hamiltoncounty.in.gov · secure2.hamiltoncounty.in.gov
  4. 4
    secure2.hamiltoncounty.in.gov · secure2.hamiltoncounty.in.gov

Figures as the county publishes them. Each source links to the page it was read from and, where the county published a document, to a copy kept on the day it was read.

Due diligence

CCPIA — Certified Commercial Property Inspectors Association Find a commercial property inspector Order a commercial inspection from a Certified Commercial Property Inspector serving this area.Investment Property Analyzer Investment Property Analyzer Run the numbers on this property with CCPIA’s free analyzer — income, expenses, and returns before you offer.

From our partner CCPIA — the Certified Commercial Property Inspectors Association

Location & area

Location

39.96246, -86.11541
Satellite
Street view

Access & nearby

© OpenStreetMap contributors

Getting there

Straight-line distance
Highway exit
US 31 Exit 128 · 2 mi
International airport
Indianapolis International Airport (IND) · 19.6 mi

Within a mile: 42 restaurants · 88 shops · 8 grocery stores · 3 schools · 7 parks

Nearby brands

Nearest location · within 1 mi
McDonald's Food
<0.1 mi
Popeyes Food
0.1 mi
Taco Bell Food
0.1 mi
FedEx Office Retail
0.1 mi
Subway Food
0.1 mi
Jack's Food
0.1 mi
Goodwill Retail
0.1 mi
KeyBank Bank
0.1 mi
The UPS Store Retail
0.2 mi
Culver's Food
0.2 mi
World Market Retail
0.2 mi
Tuesday Morning Retail
0.2 mi

Demographics

U.S. Census ACS · 2019–2023 · LEHD
Statistic1 mi3 mi5 mi
Population8,40260,734165,477
Households4,09826,10369,389
Jobs (people working here)15,05863,274161,881
Daytime population (est.)18,74692,159241,077
Median household income$94,123$100,929$99,595
Average household income$125,410$140,129$151,472
Median age43.141.740.2
Unemployment rate2.1%2.7%3.0%
Bachelor's degree or higher67%69%66%
Population per sq mi2,6742,1482,107
Median home value$343,506$384,874$416,709
Median gross rent$1,612/mo$1,571/mo$1,548/mo
Charts within

Household income

Share of households · 1 mi
Under $25k
7%
299
$25k–$50k
12%
479
$50k–$100k
34%
1,393
$100k–$200k
35%
1,431
$200k+
12%
496

Population by age

Share of residents · 1 mi
Under 18
16%
1,339
18–24
10%
818
25–34
15%
1,225
35–44
12%
986
45–54
12%
1,038
55–64
17%
1,398
65–74
9%
731
75+
10%
867

Housing

Share of housing units · 1 mi
Owner occupied
44%
2,054
Renter occupied
44%
2,044
Vacant
11%
521

Median income by age

Age of householder · 1 mi
Under 25
$59,687
25–44
$97,106
45–64
$121,381
65+
$58,699

Jobs by industry

Share of jobs · 1 mi
Retail, food & lodging
21%
3,200
Health care
17%
2,498
Education
3%
455
Professional & finance
31%
4,635
Construction & manufacturing
9%
1,396
Wholesale & logistics
6%
834
Government
4%
651
Other services
9%
1,389

Education

Share of adults 25+ · 1 mi
No HS diploma
4%
230
High school
13%
805
Some college
16%
1,029
Bachelor's
44%
2,723
Graduate
23%
1,458

Race & ethnicity

Share of residents · 1 mi
White
78%
6,520
Black or African American
3%
254
Asian
8%
705
Two or more races
8%
633
Other
3%
290

Hispanic or Latino, of any race 8%

Natural hazard risk

FEMA National Risk Index · December 2025
Overall
Low
Tornado
High
Winter weather
High
Strong wind
Moderate
Hail
Moderate
Lightning
Moderate
Cold wave
Moderate
Flooding (inland)
Low
Heat wave
Low
Ice storm
Low
Earthquake
Low
Wildfire
Very Low
Hurricane
Very Low
Landslide
Very Low

Ratings are for the census tract, relative to all U.S. tracts — not a parcel-level model.

EPA-Tracked Facilities Within 1 Mile
174
Toxic-Release Facilities Within 1 Mile
0
EPA Severe Violators Within 1 Mile
0
Open Leaking-Tank Cases Within ½ Mile
0
Leaking-Tank Releases Within ½ Mile
3
Underground Tank Sites Within ¼ Mile
2
In FEMA Special Flood Hazard Area
No

Location & Zoning

FEMA Flood Zone
X
Opportunity Zone
No

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