Turnkey Medical Office
For Sale
Contact for pricing
10412 Allisonville Rd, Fishers, IN
764 RSF medical office suite in Fishers, Indiana.
Property Size764 SF
Lot Size0.02 Acres
Price / SF$242.15
Days on Market258
Property Features for 10412 Allisonville Rd
General Information
Standard status
Active
Size
764 SF
Lot size
0.02 Acres
Property subtype
OFFICE
Properties For Sale
at 10412 Allisonville Rd Contact us- Floor
- 2
- Size
- 764 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
10412 Allisonville Rd
- Prime Fishers location
- 764 RSF turnkey medical office suite
- Fully equipped...
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Contact us
Listing Agency:
SVN | Northern Commercial
(317) 454-2241
Listed By:
Jess Lawhead, CCIM · License ##RB25001393
(317) 454-2241
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Northern Commercial
Investment Insights
Based on property information with market context.
This 764 square foot medical office suite is located in Fishers, Indiana. The suite features a fully equipped exam room, a private provider office, and a lab/support room with a sink. It also includes a reception area with a built-in reception desk. Dedicated on-site parking is available for tenants and patients. The building is professionally managed. This property is intended for use as a medical office.
Key Highlights
- Prime Fishers location
- Turnkey medical office suite (764 RSF)
- Fully equipped exam room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,807
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$196,140
$196.1K
Cap Rate 7%
$140,100
$140.1K
Cap Rate 9%
$108,967
$109.0K
Market Conditions
NOI Build-Up for 764 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.0K $21.00/SF
− Vacancy
−$3.0K −$3.89/SF
EGI
$13.1K $17.12/SF
− OpEx
−$3.3K −$4.28/SF
NOI
$9.8K $12.84/SF
Area
Fishers, IN
Vacancy
18.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$196,140
Cap Rate 7%
$140,100
Cap Rate 9%
$108,967
Alternative Uses
Best Use
Office B
$140.1K
$122.6K – $163.5K
NOI $9,807 @ 7.0% cap · market cap 5.30%
Second Best
Healthcare Medical
$127.3K
$111.4K – $148.5K
NOI $8,911 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$188.1K
$164.6K – $219.5K
NOI $13,167 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Allisonville Animal Hospital — 10173 Allisonville Rd UNIT 100, Fishers, IN 46038
Frequently Asked Questions
What type of property is this?
Medical Office Space - 764 RSF medical office suite in Fishers, Indiana.
Where is this medical office space located?
The property is located at 10412 Allisonville Rd Fishers, IN.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Prime Fishers location; Turnkey medical office suite (764 RSF); Fully equipped exam room
