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

    I-69 136Th St Fishers, IN 46037

    • Land
    • 12.67 lot acres
    For Sale
    View listing
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for I-69 136Th St

    Lot size
    12.67 lot acres
    Property type
    Land

    Description

    This exceptional 12.67-acre commercial development opportunity is located in the thriving MedTech Park of Fishers, Indiana, at the intersection of I-69 and East 136th Street, zip code 46037. The property is strategically positioned within Hamilton County and offers two distinct build-to-suit sites. Site A encompasses 5.27 acres, while Site B offers a larger 7.40 acres. Both sites are available for purchase at a price of $300,000 per acre. This prime location benefits from exceptional visibility and accessibility, situated near major healthcare facilities including Ascension St. Vincent Hospital, IU Health Saxony Hospital, Urology of Indiana, and Central Indiana Orthopedics. The property's location within the established 37-acre MedTech Park office and commercial campus ensures a strong foundation for future development and provides access to existing infrastructure and amenities. This presents a unique chance to develop a project tailored to specific needs within a high-demand area, making it an ideal investment for developers seeking a strategic location in a rapidly growing market. The property is zoned for commercial development. Detailed site plans and specifications are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.9106
    Latitude
    39.987

    Comparable in this City

    • Value Estimation by Request
      6.70 Acres

      106Th St

      Land • 1 SF
      0 106Th St, Fishers, IN 46037
      View Details
    • Value Estimation by Request
      16.50 Acres

      116th St & Usa Pkwy

      Land • 1 SF
      116th St & Usa Pkwy, Fishers, IN 46037
      View Details
    • Value Estimation by Request
      34.00 Acres

      116Th St

      Land • 1 SF
      0 116Th St, Fishers, IN 46037
      View Details
    • Value Estimation by Request
      34.00 Acres

      116Th St

      Land • 34.00 Acres
      0 116Th St, Fishers, IN 46037
      View Details
    • Value Estimation by Request
      16.50 Acres

      116th St & Usa Pkwy

      Land • 16.50 Acres
      116th St & Usa Pkwy, Fishers, IN 46037
      View Details
    • Value Estimation by Request
      6.70 Acres

      8864 106Th St

      Land • 6.70 Acres
      8864 106Th St, Fishers, IN 46037
      View Details

    Similar Nearby for Sale

    • $3,750,000
      16.82 Acres

      Fishers, IN Commercial Land Opportunity

      16.82 Acres, $3.75M Asking Price
      14790 136Th St, Fishers, IN 46037
      View Details
    • $300,000
      12.67 Acres

      Fishers, IN Development Land

      Prime 12.67-acre commercial site.
      I-69 136Th St, Fishers, IN 46037
      View Details
    • $622,500
      1.66 Acres

      Fishers Commercial Land - 1.66 Acres

      Prime Fishers location, build-to-suit options.
      8545 Sunlight Dr, Fishers, IN 46037
      View Details
    • Contact for pricing

      Land For Sale Fishers

      Land available for sale in Fishers, Indiana.
      14500 E 136Th St, Fishers, IN 46037
      View Details
    • Contact for pricing

      Land Outlot on 96th Street

      1.09-acre outlot available for sale or lease in Fishers, IN.
      8764 East 96Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      10,000 SF

      Prime Fishers Retail/Office Space

      Executive Suites, 10,000-16,000 SF
      8766 96Th St, Fishers, IN 46037
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Fishers Corporate Park Land

      16.5 Acres, Prime Fishers Location
      116th St & Usa Pkwy, Fishers, IN 46037
      View Details
    • Contact for pricing
      1 SF

      Exit Five Business Center, Fishers, IN

      Retail Land, Multiple Tenancies, High Traffic
      0 116Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      291,852 SF

      Fishers Corporate Park Land

      6.7 Acres, Prime Development Site
      8864 106Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      1 SF

      Fishers, IN Commercial Land Opportunity

      6.7 Acres, Prime Fishers Location
      0 106Th St, Fishers, IN 46037
      View Details
    • Contact for pricing

      Land Available For Lease

      Commercial land available for lease in Fishers, Indiana.
      11688 Cumberland Rd, Fishers, IN 46037
      View Details
    • Contact for pricing
      1 SF

      Delaware Trace Retail Property

      Prime 17-acre retail site, single tenant.
      9708 116Th St, Fishers, IN 46037
      View Details
    Request Owner's contact information
    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.
    I-69 136Th 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
    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

    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.