Entity Owned 
For Lease
Contact for pricing
11634 Maple St, Fishers, IN 46038
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Property summary
AI-generated overview
The property contains approximately 3,751 square feet of flexible, open-concept interior space suited for uses such as office, creative studio, showroom, or light retail (excluding restaurant use). It features a contemporary showroom layout with an upgraded kitchenette and expansive windows that admit natural light. The building has two private entrances, supporting direct access and signage/branding opportunities. The property is located in the Nickel Plate District, within a walkable, amenity-oriented area, and provides convenient access to Interstate 69, 116th Street, and downtown Fishers.
Property profile
Verified
Property type
Other office properties
Use group
OFFICE (GENERAL)
Year built
2018
Construction
WOOD
Total area
13,589 SF
Lot
0.2 ac (8,712 SF)
APN
29-10-36-405-014.000-006
UPID
US31-0274142
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Financial Advisor
-
Furniture & Home Goods Home Decor Store
-
Hardware & Home Improvement Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$3.80M
Blend (final)
Blend
$3.55M
Owner & transaction history
since 2017
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Neighborhood: shopping center
$5.9M
+32.1%
Retail stores
$4.5M
+1.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.55M
Value range
$3.19M – $3.90M
±10% around blend
Estimated value / SF
$261 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
40
$3.19M
blend $3.55M
$3.90M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,589 SF
Lot area
0.2 ac
Year built
2018
Stories
3
APN
29-10-36-405-014.000-006
Assessed value
$2,530,800
Annual tax
$55,790
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.70M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.92M
@ 6.5% CAP return
$2.70M
@ 7% CAP return
$2.51M
4
Sales comparison
Partial preview
Sales approach indication
$3.23M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.6 mi away · 10,500 SF
10.0 mi away · 13,872 SF
13.0 mi away · 16,438 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.55M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 38 sales
$329
-21%
Submarket 51 sales
$325
-20%
County 206 sales
$236
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $261/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+32%
vs current-use indication
Retail Stores
Commercial (general) · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.53M
Move the market yield to see immediate price impact.
Value / SF
$186
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$159k
$3.19M
$2.28M
$1.77M
$177k
$3.54M
$2.53M
$1.97M
$195k
$3.90M
$2.78M
$2.17M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$3.11M
1.4 mi · Dec 2025 · $266/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$55,790
Tax year 2023
Assessed value
$2,530,800
Assessed 2023
Previous assessed
$2,530,800
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$279,500
Assessed improvement
$2,251,300
Land market value
$279,500
Improvement market value
$2,251,300
Total market value
$2,530,800
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2018
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Rooms
8
Bathrooms
1
Total area
13,589 SF
Lot
0.2 ac (8,712 SF)
APN
29-10-36-405-014.000-006
UPID
US31-0274142
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Rooms
8
Bathrooms
1
Lot
0.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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