Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8700 East 116Th St Fishers, IN 46038

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail/restaurant space available in mixed-use development near Nickel Plate Trail.

    Property size:
    4,101 SF
    Lot size:
    4,101 SF

    Property Features for 8700 East 116Th St

    General Information

    Standard status
    Active
    Size
    4,101 SF

    We can help!

    Listing Contact
    Diana Zagarzhevskiy
    Diana Zagarzhevskiy
    Source: Cbre

    Listing Agent: Diana Zagarzhevskiy

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

    Learn more

    Property Insight Report

    Overview

    Retail/Restaurant Space in Fishers, IN

    Located in Fishers, Indiana, this 4,101-square-foot retail or restaurant space is situated within the Nickel Plate Station development, a pedestrian-friendly destination adjacent to the Nickel Plate Trail. The mixed-use development includes 237 apartments, townhomes, and retail and restaurant options. The property blends renovated historic buildings with new construction. Current first-floor retail tenants include Java House, Rush Bowl, Angelo’s Italian Market, and a new Cafe Patachou. Surface parking and adjacent garage parking are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nickel Plate Station Apartment Building Mudsock Spirit by ... Painting Aquarium Surprise by ... Painting

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hancock
    State
    Indiana
    Longitude
    -86.0152419
    Latitude
    39.9569509

    Nearby Similar for Lease

    • $750 /Mo
      4,200 SF

      Modern Office Space in Fishers

      Flexible office spaces for rent in a prime Fishers location.
      13589 E 126Th St, Fishers, IN 46037
      View Details
    • Sponsored
      Contact for pricing

      Fishers

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      10475 Crosspoint Blvd, Fishers, IN 46256
      View Details
    • $25 SF/Yr
      5,723 SF

      Premium Commercial Space in Fishers

      New commercial space for office, medical, or retail use.
      10978 Allisonville Rd, Fishers, IN 46038
      View Details
    • $25 SF/Yr

      Turnkey Medical Office Suite

      764 RSF medical office suite in prime Fishers location.
      10412 Allisonville Rd, Fishers, IN 46038
      View Details
    • $24 SF/Yr

      Fishers Office Space For Rent

      Office spaces for rent in desirable Fishers location.
      10100 Lantern Rd, Fishers, IN 46037
      View Details
    • $26 SF/Yr
      2,750 SF

      Remodeled Office/Medical Space For Lease

      Newly remodeled office/medical space near Downtown Fishers and Nickel Plate Trail.
      8939 Technology Way, Fishers, IN
      View Details
    • $16 SF/Yr
      1,925 SF

      Historic Eller House Office Space

      Unique office space in a preserved historic building.
      7050 E 116Th St, Fishers, IN 46038
      View Details
    • Contact for pricing
      18,901 SF

      Class A Suburban Office Space

      Available Class A office space with excellent highway access.
      8350 Sunlight Dr, Fishers, IN
      View Details
    • $17 SF/Yr
      10,000 SF

      Available Office Space in Fishers

      10,000 SF office space with ample parking and highway access.
      11907-11985 Exit 5 Pkwy, Fishers, IN 46037
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space in Fishers

      Retail space available in affluent Geist & Fishers area.
      10468 Olio Rd, Fishers, IN 46037
      View Details
    • Contact for pricing
      60,000 SF

      Mixed-Use Development in Fishers, IN

      Office, retail, restaurant, entertainment, and hotel space for lease.
      9713 District Dr N, Fishers, IN
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail/restaurant space available in mixed-use development near Nickel Plate Trail.
    Where is this retail space located?
    The property is located at 8700 East 116Th St Fishers, IN.
    What are key features of this property?
    This property features: - Located adjacent to the Nickel Plate Trail.; - Pedestrian-friendly destination in the middle of everything.; - Features high-end apartments, townhomes, and new retail and restaurant options.
    (317) 518-6257
    Request Owner's contact information
    8700 East 116Th St Fishers, IN 46038
    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.
    8700 East 116Th St
    Fishers, IN 46038
    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
    8700 East 116Th St Fishers, IN 46038
    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
    Diana Zagarzhevskiy
    Diana Zagarzhevskiy
    (317) 518-6257 (317) 269-1078 (317) 269-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!