Office
For Sale
$2,350,000
9940 N Allisonville Road, Fishers, IN 46038
C-2 zoning supports a range of commercial uses, including office and medical applications.
Property Size11,000 SF
Days on Market22
Property Features for 9940 N Allisonville Road
General Information
Standard status
Active
Size
11,000 SF
Zoning
c2
Additional Details
Highway Access
Yes
Amenities
Central Air
Detached
Building Details
Building Size
11,000 SF
Stories
2
Listed By:
Ted McClure
Source:
Evrealestate
Added: Oct 3
Changed: Oct 23
Last Checked: Oct 23 at 6:12AM
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 Ted McClure
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Investment Insights
Based on property information with market context.
Located at 9940 N Allisonville Road in Fishers, this office property has undergone recent updates and renovations. Its C-2 zoning supports a range of uses, with law office, corporate headquarters, and medical applications identified for the property.
The site is on Allisonville Road, approximately 1.5 miles north of I-465.
The site is on Allisonville Road, approximately 1.5 miles north of I-465.
Key Highlights
- C‑2 zoning
- Recent updates and renovations
- Approximately 1.5 miles north of I‑465
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,199
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,823,980
$2.8M
Cap Rate 7%
$2,017,129
$2.0M
Cap Rate 9%
$1,568,878
$1.6M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$231.0K $21.00/SF
− Vacancy
−$42.7K −$3.89/SF
EGI
$188.3K $17.12/SF
− OpEx
−$47.1K −$4.28/SF
NOI
$141.2K $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 Rate 5%
$2,823,980
Cap Rate 7%
$2,017,129
Cap Rate 9%
$1,568,878
Alternative Uses
Best Use
Office B
$2.02M
$1.76M – $2.35M
NOI $141,199 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,578 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
369
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - C-2 zoning supports a range of commercial uses, including office and medical applications.
Where is this office building located?
The property is located at 9940 N Allisonville Road Fishers, IN.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: C‑2 zoning; Recent updates and renovations; Approximately 1.5 miles north of I‑465
