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    116Th St Fishers, IN 46037
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    116Th St, Fishers, IN 46037

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    • Retail properties & Spaces
    • 1 SF
    • 34.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 116Th St

    Lot size
    34.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, located at the Northeast corner of I-69 and 116th Street in Fishers, Indiana, presents a significant investment opportunity. The Exit Five Business Center offers approximately 34 acres of land, suitable for various retail developments. The site boasts a prime location along a busy thoroughfare, ensuring high visibility and accessibility. With a total land area ranging from 12 to 22 acres in individual parcels, this property provides flexibility for multiple tenants or a single large-scale development. The property's strategic position within Hamilton County, Indiana, places it within close proximity to affluent residential neighborhoods and benefits from strong daytime demographics, promising a robust customer base. The zoning allows for multiple tenancies, making it ideal for a mixed-use development or individual retail spaces. The property's size and location make it an attractive option for businesses seeking high visibility and convenient access to a thriving community. The zip code is 46037. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.9826
    Latitude
    39.9594

    Comparable in this City

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      34.00 Acres

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      0 116Th St, Fishers, IN 46037
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      16.50 Acres

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      1.66 Acres

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      16.82 Acres

      14790 136Th St

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    Similar Nearby for Sale

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      1.66 Acres Land For Sale

      1.66 acres of land available for purchase.
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      Land Outlot on 96th Street

      1.09-acre outlot available for sale or lease in Fishers, IN.
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      Land Available For Sale

      Land available for sale in Fishers, Indiana.
      14790 E 136Th St, Fishers, IN 46037
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      Land For Sale Fishers

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      Pending

      Commercial Land on 96th Street

      1.09-acre commercial land available for sale, drive-thru allowed.
      8766 E 96Th St, Fishers, IN 46037
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      Prime Land with I-69 Frontage

      Land with high visibility and mixed-use development potential.
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    Similar Nearby for Lease

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      Retail Space Available For Lease

      Retail property available for lease in Fishers, Indiana.
      9708 116Th St, Fishers, IN 46037
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      Land For Lease

      Land available for lease.
      116th St & Usa Pkwy, Fishers, IN 46037
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      2,722 SF

      Mixed-Use Development in Fishers, IN

      Office, retail, restaurant, entertainment, and hotel space for lease.
      9713 District Dr N, Fishers, IN 46037
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      Prime Retail Space in Fishers

      1,600 SF retail space near 96th Street and I-69.
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      Prime Retail Hub Opportunity

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      28,913 SF

      Industrial Space in Fishers, Indiana

      Industrial property with connectivity to Indianapolis and Midwest markets.
      12520 E 116Th St, Fishers, IN 46037
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    Fishers, IN 46037
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    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
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