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Property profile & analytics
OFF-MARKET Estimated value $615,000
Medical Office Space

11481 Olio Rd Fishers, IN 46037

5,148 SF 1.29 ac lot Built 2012
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-3429366
Property summary
AI-generated overview

This exceptional 5,114-square-foot medical office building presents a unique opportunity in the highly sought-after Fishers/Geist submarket of Indiana. Located at 11481 Olio Rd, Fishers, IN 46037, this single-tenant, Class A property boasts a desirable address with excellent visibility and accessibility. Built in 2012, the building sits on a spacious 1.59-acre lot and offers ample parking with 23 spaces. The property features a single story design, is zoned PUD-C & R, and is move-in ready. The building's versatile design makes it suitable for various medical office uses, as well as creative or traditional office configurations. With its convenient location and modern amenities, this property is ideal for businesses seeking a high-profile presence in a thriving community. The property's address is easily accessible from Olio Road & 113th Street, and benefits from a high volume of daily traffic (22,185 vehicles per day). The property includes no elevators. APN: 29-15-01-000-002.000-020 & 29-15-01-021-002.000-020. The entire 5,114 square feet is currently vacant.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2012
Construction WOOD
Total area 5,148 SF
Lot 1.29 ac (56,192 SF)
APN 29-15-01-021-002.000-020
UPID US31-3429366
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Indiana Vein & Laser Center: Marcus A. Jimenez MD, FACS Physician Hospital
  • Makris Cataract Center Medical Clinic Ophthalmologist
  • The Medical Spa / Indiana Vein and Laser Center Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$675k
CAP Approach CAP
by Request
Comparable Approach Comparable
$558k
Blend (final) Blend
$615k
Owner & transaction history
Cardinal Property Associates · 18 yrs held
Cardinal Property Associates
since 2008
7 recorded transactions
2019
Price N/A
2011
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.0M +139.5%
Retail stores $575,000 +36.5%
Auto repair, garage $435,000 +3.3%
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