Office Building For
For Sale
$4,571,000
11634 Maple St, Fishers, IN 46038
Commercial office property offered for sale at 11634 Maple St in Fishers, Indiana.
Property Size12,521 SF
Days on Market49
Property Features for 11634 Maple St
General Information
Standard status
Active
Size
12,521 SF
Property subtype
Office - General Office
Building Details
Building Size
12,521 SF
Year Built
2018
Listing Agency:
Colliers
(317) 713-2173
Listed By:
Rich Forslund · License #RB14040888
Source:
Commercialcafe
Added: Jul 13
Changed: Aug 27
Last Checked: Aug 29 at 6:34AM
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 Colliers
Investment Insights
Based on property information with market context.
This commercial property is offered for sale and is categorized as an office building and office space.
Located at 11634 Maple St in Fishers, Indiana, the asset is positioned for businesses seeking dedicated office accommodations within a commercial real estate setting.
Because the listing information provided does not include building size, unit count, or interior configuration details, interested parties should confirm specifications and any usable space requirements directly during due diligence.
Located at 11634 Maple St in Fishers, Indiana, the asset is positioned for businesses seeking dedicated office accommodations within a commercial real estate setting.
Because the listing information provided does not include building size, unit count, or interior configuration details, interested parties should confirm specifications and any usable space requirements directly during due diligence.
Key Highlights
- Commercial office property built in 2018
- Offered for sale at 11634 Maple St in Fishers, Indiana
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
$160,723
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
3.52%
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%
$3,214,460
$3.2M
Cap Rate 7%
$2,296,043
$2.3M
Cap Rate 9%
$1,785,811
$1.8M
Market Conditions
NOI Build-Up for 12,521 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
$262.9K $21.00/SF
− Vacancy
−$48.6K −$3.89/SF
EGI
$214.3K $17.12/SF
− OpEx
−$53.6K −$4.28/SF
NOI
$160.7K $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%
$3,214,460
Cap Rate 7%
$2,296,043
Cap Rate 9%
$1,785,811
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.68M
NOI $160,723 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,792 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,289
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
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office property offered for sale at 11634 Maple St in Fishers, Indiana.
Where is this office building located?
The property is located at 11634 Maple St Fishers, IN.
What is the asking price?
The asking price for this property is $4,571,000.
What are key features of this property?
This property features: Commercial office property built in 2018; Offered for sale at 11634 Maple St in Fishers, Indiana
