Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,005,000
Warehouses
11825 Technology Dr Fishers, IN 46038-2832
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0383980
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
54,712 SF
Lot
4.13 ac (179,903 SF)
APN
29-11-31-011-001.000-006
UPID
US31-0383980
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
-
Indy Hoops Academy Gym & Fitness Center
-
PowHER Fitness Gym & Fitness Center
-
Best Choice Fieldhouse Gym & Fitness Center Sports Field & Court
-
Derick Grant Basketball Sports Field & Court Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.51M
CAP Approach
CAP
$4.94M
Comparable Approach
Comparable
$6.44M
Blend (final)
Blend
$8.01M
Owner & transaction history
Tbre 11825 Technology Drive In LLC · 3 yrs held
Tbre 11825 Technology Drive In LLC
since 2022
Last sale
$8.0M
5 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
$10,135,000
ML approach
$10,510,000
CAP Approach
CAP Return
Estimation
6%
$5,350,000
6.5%
$4,940,000
7%
$4,585,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,890,000
Current use
Blend value · Realmo final
$8.01M
Range $7.20M – $8.81M · ±10% · vs last sale $8.00M (Sep 28 2022)
Last sale anchor
$8.00M
Sep 28 2022
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
$146 / 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
$62,282
Tax year 2023
Assessed value
$2,826,200
Assessed 2023
Previous assessed
$2,826,200
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$882,500
Assessed improvement
$1,943,700
Land market value
$882,500
Improvement market value
$1,943,700
Total market value
$2,826,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
54,712 SF
Lot
4.13 ac (179,903 SF)
APN
29-11-31-011-001.000-006
UPID
US31-0383980
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
WAREHOUSE, STORAGE Current
Est. value
$7.9M
WAREHOUSE, STORAGE Current
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
2003
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
4.13 ac
Current owner
From public records · entity-resolved
Tbre 11825 Technology Drive In LLC
Entity
Mailing address
10801 W CHARLESTON BLVD STE #600, LAS VEGAS, NV 89135-1208
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
—
Tbre 11825 Technology Drive In
—
Deed
related
$500,000,000 · Ares Capital Corporation
Sep 27, 2024
—
Tbre 11825 Technology Drive In LLC
—
Deed
related
$5,400,000 · Clearinghouse Dcfi
Sep 28, 2022
$8,000,000
Tbre 11825 Technology Drive In LLC
Best Choice Fieldhouse LLC
Limited Warranty Deed
—
Apr 20, 2020
—
Best Choice Fieldhouse LLC
—
Deed
related
$4,945,000 · The Huntington National Bank
Apr 2, 2013
—
Best Choice Fieldhouse LLC
Roundball LLC
Grant Deed
$3,500,000 · First Federal Savings 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11825 Technology Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
