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Property profile & analytics
OFF-MARKET
Estimated value
$4,925,000
Industrial properties
11777 Exit 5th Pkwy Fishers, IN 46037-8003
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-0530396
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
61,516 SF
Lot
8 ac (348,480 SF)
APN
29-11-31-000-028.011-006
UPID
US31-0530396
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
-
Custom Floors Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.58M
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$4.93M
Owner & transaction history
Jlh II LLC · 5 yrs held
Jlh II LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.9M
+67.2%
Auto repair, garage
$5.2M
+26.5%
Commercial (general)
$5.2M
+26.1%
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%
$4,955,000
6.5%
$4,575,000
7%
$4,245,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,110,000
Current use
RETAIL STORES
$6,875,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,200,000
Change: +27% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,185,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$5,035,000
Change: +23% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,130,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$4.93M
Range $4.43M – $5.42M · ±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
$80 / 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
$100,245
Tax year 2023
Assessed value
$4,554,300
Assessed 2023
Previous assessed
$4,554,300
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$1,155,000
Assessed improvement
$3,399,300
Land market value
$1,155,000
Improvement market value
$3,399,300
Total market value
$4,554,300
Applied tax rate
6.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
61,516 SF
Lot
8 ac (348,480 SF)
APN
29-11-31-000-028.011-006
UPID
US31-0530396
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
RETAIL STORES
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
8 ac
Current owner
From public records · entity-resolved
Jlh II LLC
Entity
Mailing address
11777 EXIT 5TH PKWY, FISHERS, IN 46037-8003
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
—
Jlh II LLC
—
Deed
related
$1,787,025 · The Huntington National Bank
Dec 2, 2010
—
Jlh II LLC
—
Trustees Deed
related
$300,000 · Huntington National Bank
—
—
Jlh II LLC
—
Deed Of Trust
related
$2,860,000 · Huntington National Bank
—
—
J L H II LLC
—
Loan Modification
related
$2,683,321 · Huntington Nat'l Bk
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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