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

    12520 E 116Th St Fishers, IN 46037

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

    Industrial space available for rent, approximately 28,913 square feet.

    Property Features for 12520 E 116Th St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Griffin Seitz
    Source: Crexi

    Listing Agency: JLL - Indianapolis, Indiana Listing Agent: Griffin Seitz

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

    Learn more

    Overview

    Industrial Single Tenant Space

    This industrial property offers a single tenant space with approximately 28,913 square feet available for rent.
    Location Intelligence

    Current Use by Public Records

    Coinstar Bank

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hancock
    State
    Indiana
    Longitude
    -85.9401747
    Latitude
    39.9588341

    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
    • $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
    • Sponsored
      Contact for pricing

      Fishers

      Discover many ways to work your way in Fishers
      10475 Crosspoint Blvd, Fishers, IN 46256
      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
    • Contact for pricing

      Modern Office Space in Fishers

      High-end office space with walkable amenities and strong access.
      11 Municipal Dr, Fishers, IN 46038
      View Details
    • Contact for pricing
      1,808 SF

      Downtown Fishers Office Space

      Iconic office building in the heart of Fishers, Indiana.
      8701 E 116Th St, Fishers, IN 46038
      View Details
    • Contact for pricing
      6,703 SF

      Medical Office Space Available

      Medical office spaces for lease in Fishers, Indiana.
      10967 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
    • Contact for pricing
      6,027 SF

      Office Space in Saxony Village

      Office suites available for lease in Fishers, Indiana.
      13914 Southeastern Pkwy, Fishers, IN 46037
      View Details
    • Contact for pricing
      3,751 SF

      Flexible Space in Nickel Plate

      Open-concept space in amenity-rich Nickel Plate District.
      11634 Maple St, Fishers, IN 46038
      View Details
    • Contact for pricing
      764 SF

      Turnkey Medical Office Suite

      764 RSF medical office suite in Fishers, Indiana.
      10412 Allisonville Rd, Fishers, IN 46038
      View Details
    • Contact for pricing

      Retail Space Near Kroger Marketplace

      Retail space available Q2 2026 near Kroger Marketplace.
      11815 Allisonville Rd, Fishers, IN 46038
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial space available for rent, approximately 28,913 square feet.
    Where is this industrial property located?
    The property is located at 12520 E 116Th St Fishers, IN.
    What are key features of this property?
    This property features: - Industrial property; - Single tenant; - 28,913 sqft
    Request Owner's contact information
    12520 E 116Th St 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.
    12520 E 116Th St
    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
    12520 E 116Th St 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
    Griffin Seitz
    Real Estate License ID: RB21002049
    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!