Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8545 Sunlight Dr Fishers, IN 46037

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $375,000

    1.66 acre commercial land for sale in Fishers, Indiana.

    We can help!

    Listing Contact
    Paul Dick
    Paul Dick
    Source: Bradleyco

    Listing Agent: Paul Dick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Land For Sale

    This 1.66-acre commercial land is available for sale in Fishers, Indiana. The property is zoned PUD/C-3 and includes I-1 permitted uses. It is described as shovel-ready, with all utilities and a detention pond already in place. The location is near an interstate, restaurants, shopping, and hotels. The owner is a contractor and build-to-suit projects are desired.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Clothing Store Building Supply Gym & Fitness Auto Repair Shop Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hancock
    State
    Indiana
    Longitude
    -85.975
    Latitude
    39.9479

    Nearby Similar for Sale

    • $559,900
      1,456 SF

      Fishers Ranch with Development Potential

      2.49 acres in Fishers with home and horse barn.
      12853 Cyntheanne Rd, Fishers, IN 46037
      View Details
    • $289,900
      1,530 SF

      Elegant Condo in Prime Location

      Sophisticated 2 bed/2 bath condo near Fishers' attractions.
      11505 Grassy Ct, Fishers, IN 46037
      View Details
    • $345,000
      1,697 SF

      Highpoint Ridge Condo with Loft

      Well-maintained condo in Fishers with loft, modern finishes.
      11438 Stones Ct, Fishers, IN 46037
      View Details
    • $299,999
      2,109 SF

      Stunning Townhome in Avalon, Fishers

      Beautifully maintained townhome with modern updates in desirable Fishers community.
      12675 Hollice Ln, Fishers, IN 46037
      View Details
    • $875,000

      Mixed-Use Facility with In-Ground Pool

      Commercial/industrial zoned property with pool, banquet space, and ample parking.
      10601 Cumberland Rd, Fishers, IN 46037
      View Details
    • $345,000

      Luxury Condo in Prime Location

      Low-maintenance condo with loft near Fishers' amenities.
      11438 Stones Ct, Fishers, IN 46037
      View Details
    • $325,000
      1,752 SF

      Low Maintenance Living in Fishers

      Low-maintenance Fishers home with hardwood floors, stainless steel appliances, and patio.
      11508 Ivy Ln, Fishers, IN 46037
      View Details
    • $248,000

      Spacious Condo in Desirable Community

      Three-bedroom condo with modern amenities and community features.
      12075 Scoria Dr, Fishers, IN 46038
      View Details
    • Contact for pricing
      7,375 SF

      Retail Space on Allisonville Road

      7,375 SF retail space with high visibility in Fishers.
      11578 Allisonville Rd, Fishers, IN 46038
      View Details
    • $3,300,000
      7,100 SF

      Office Flex Building For Sale

      Office flex building with immediate occupancy in prime location.
      10022 Lantern Rd, Fishers, IN 46037
      View Details
    • $3,330,000
      19,025 SF

      Two-Story Office Building For Sale

      Well-maintained, two-story office building with ample parking and recent upgrades.
      10000 N Allisonville Rd, Fishers, IN 46038
      View Details
    • $235,000
      1,670 SF

      Two-Bedroom Condo in Fishers

      Two-story condo with loft, garage, and convenient location.
      13226 Komatite Way, Fishers, IN 46038
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.66 acre commercial land for sale in Fishers, Indiana.
    Where is this commercial land located?
    The property is located at 8545 Sunlight Dr Fishers, IN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Shovel ready: All utilities and detention pond in place.; - Great location: Close to interstate, restaurants, shopping, hotels.; - Zoned PUD/C-3 and includes I-1 permitted uses.
    (317) 698-8055
    Request Owner's contact information
    8545 Sunlight Dr Fishers, IN 46037
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8545 Sunlight Dr
    Fishers, IN 46037
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8545 Sunlight Dr Fishers, IN 46037
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Dick
    Paul Dick
    Real Estate License ID: IN RB14024191
    (317) 698-8055
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.