Fishers Office Suite For
For Sale
Contact for pricing
10412 Allisonville Rd, Fishers, IN 46038
Professionally managed office suite with excellent visibility and access.
Property Size611 SF
Price / SF$302.78
Days on Market148
Property Features for 10412 Allisonville Rd
General Information
Standard status
Active
Size
611 SF
Class
A
Property subtype
Office
Zoning
C-2
Building Details
Year Built
2004
Stories
3
Units
1
Listing Agency:
SVN⎮Northern Commercial
(317) 849-8001
Listed By:
Jess Lawhead · License #IN RB14047741
Source:
Crexi
Added: Mar 18
Changed: Aug 11
Last Checked: Aug 12 at 10:50AM
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 611 RSF office suite is available for immediate occupancy. The suite is located within a professionally managed building and features its own entrance. Situated along Allisonville Road in Fishers, Indiana, the site offers excellent visibility and quick access to both I-465 and I-69. The property is surrounded by established medical and professional offices, retail centers, and restaurants, providing convenience for staff and clients. Indianapolis Metropolitan Airport is less than a mile away, and nearby amenities include grocery, banking, and dining options along 96th and 106th Streets. The area experiences strong traffic counts and steady growth, making it one of Fishers’ most accessible and active commercial locations.
Key Highlights
- Ready for immediate occupancy.
- Excellent visibility and quick access to I‑465 and I‑69.
- Located in a professionally managed building.
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
$7,843
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
4.24%
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%
$156,860
$156.9K
Cap Rate 7%
$112,043
$112.0K
Cap Rate 9%
$87,144
$87.1K
Market Conditions
NOI Build-Up for 611 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
$12.8K $21.00/SF
− Vacancy
−$2.4K −$3.89/SF
EGI
$10.5K $17.12/SF
− OpEx
−$2.6K −$4.28/SF
NOI
$7.8K $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%
$156,860
Cap Rate 7%
$112,043
Cap Rate 9%
$87,144
Alternative Uses
Best Use
Office B
$112.0K
$98.0K – $130.7K
NOI $7,843 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$150.4K
$131.6K – $175.5K
NOI $10,530 @ 7.0% cap · market cap 5.69%
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
Explore this area
Business Placement
Demographics for 46038, IN
42,694
Population
17,738
Households
2.4
Avg Household Size
36
Median Age
60%
College-Educated
98%
High-School Grad
15.5 sq mi
ZIP Area
2,754
Density / Sq Mi
$105,092
Median Household Income
$61,220
Median Earnings
$1,489
Median Rent
$301,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professionally managed office suite with excellent visibility and access.
Where is this office units 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: Ready for immediate occupancy.; Excellent visibility and quick access to I‑465 and I‑69.; Located in a professionally managed building.
