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Property profile & analytics
OFF-MARKET
Estimated value
$3,050,000
Retail space
11591 Olio Rd Fishers, IN 46037-7613
Entity Owned
21-yr Hold
Free & Clear
Property ID
US31-3539225
Property summary
AI-generated overview
This exceptional investment opportunity presents a 15,130-square-foot CVS Pharmacy located at 11591 Olio Rd, Fishers, IN 46037, in Hamilton County. Built in 2009, this single-tenant, single-story building boasts a 100% occupancy rate with a strong, absolute NNN lease structure. The property features a drive-thru lane, Minute Clinic, and HealthHub, enhancing its appeal and profitability. With over six years remaining on the original lease term and a rent decrease in the option period virtually guaranteeing renewal, this investment offers exceptional stability. The property benefits from a hard corner location in an affluent area adjacent to Geist Reservoir, boasting high-income demographics with an average household income of $246,922. The location enjoys high traffic counts exceeding 25,000 vehicles per day, and serves a population of over 126,000 within a 5-mile radius. The asking price is $4,140,000, representing a compelling $270.41 per square foot and an 8.00% cap rate, with a net operating income (NOI) of $331,211. This is a rare opportunity to acquire a high-performing, stable retail asset in a prime location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
15,310 SF
Lot
1.69 ac (73,616 SF)
APN
29-15-01-021-004.000-020
UPID
US31-3539225
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
MinuteClinic at CVS Medical Clinic
-
LibertyX Bitcoin ATM Atm
-
Sara Jones Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$3.05M
Owner & transaction history
Hook-superx INC · 21 yrs held
Hook-superx INC
since 2005
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fishers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fishers submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,695,000
6.5%
$3,410,000
7%
$3,170,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,085,000
Current use
COMMERCIAL (GENERAL)
$4,975,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,425,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.05M
Range $2.75M – $3.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$199 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$54,069
Tax year 2023
Assessed value
$2,495,100
Assessed 2023
Previous assessed
$2,495,100
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$1,605,500
Assessed improvement
$889,600
Land market value
$1,605,500
Improvement market value
$889,600
Total market value
$2,495,100
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
15,310 SF
Lot
1.69 ac (73,616 SF)
APN
29-15-01-021-004.000-020
UPID
US31-3539225
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Hook-superx INC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 1610, COCKEYSVILLE, MD 21030-7610
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2005
—
Hook-superx INC
Oleo Road Realty LLC
Grant Deed
—
Oct 29, 2004
—
Oleo Road Realty LLC
Roudebush Hilltop INC
Grant Deed
$800,000 · Star Financial Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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