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    Property profile & analytics

    11825 Technology Dr Fishers, IN 46038-2832

    • Warehouses
    • 54,712 SF
    • 4.13 lot acres
    OFF-MARKET
    Last Sale
    Sep 28, 2022
    $8,000,000
    Value Estimations
    $8,005,000
    Show details
    Cap Rate Potential
    3.2%
    Warehouses
    Location Intelligence
    Property ID
    US31-0383980
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by 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

    Property Details for 11825 Technology Dr

    Year built
    2003
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.13 lot acres
    Property size
    54,712 SF
    Property type
    Warehouses
    APN
    29-11-31-011-001.000-006
    APU
    291131011001000006

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,440,000
      Market price range: $5.40M - $11.4M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $7,890,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0052
    Latitude
    39.9628
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $62,282
    $882,500
    $1,943,700
    $2,826,200
    -
    $882,500
    $1,943,700
    $2,826,200

    Comparable in this City

    • Value Estimation
      $720,000
      4,400 SF

      12650 Frd Dr

      MINI-WAREHOUSE, STORAGE • 4,400 SF
      12650 Frd Dr, Fishers, IN 46038-2892
      View Details
    • Value Estimation
      $2,210,000
      24,500 SF

      11793 Technology Ln

      STORAGE YARD, OPEN STORAGE • 24,500 SF
      11793 Technology Ln, Fishers, IN 46038-2889
      View Details
    • Value Estimation
      $1,285,000
      6,000 SF

      7723 Loma Ct

      STORAGE YARD, OPEN STORAGE • 6,000 SF
      7723 Loma Ct, Fishers, IN 46038-2524
      View Details
    • Value Estimation
      $880,000
      10,940 SF

      13333 Britton Park Rd

      WAREHOUSE, STORAGE • 10,940 SF
      13333 Britton Park Rd, Fishers, IN 46038-3500
      View Details
    • Value Estimation
      $1,095,000
      13,600 SF

      13450 Britton Park Rd

      WAREHOUSE, STORAGE • 13,600 SF
      13450 Britton Park Rd, Fishers, IN 46038-3583
      View Details
    • Value Estimation
      $1,490,000
      20,000 SF

      12942 Frd Dr

      WAREHOUSE, STORAGE • 20,000 SF
      12942 Frd Dr, Fishers, IN 46038-2895
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.51 Acres

      Fishers, IN Commercial Land Investment

      Prime Fishers land, two lots available. C3/I1 zoning.
      0 Parkside Dr, Fishers, IN 46038
      View Details
    • $801,360
      2.54 Acres

      Fishers, IN Commercial Land

      2.54 Acres, Prime Location, $801,360
      12953 Publishers Dr, Fishers, IN 46038
      View Details
    • $275,900
      0.36 Acres

      Residential Lots in Fishers, IN

      Residential lots in a tranquil custom neighborhood with mature trees.
      12687 Granite Ridge Cir, Fishers, IN 46038
      View Details
    • $150,000
      0.47 Acres

      Residential Lots in Fishers, IN

      Residential lots for sale in the heart of Fishers, Indiana.
      13260 Carthay Cir, Fishers, IN 46038
      View Details
    • $1,800,000
      11.52 Acres

      Fishers Land Development Opportunity

      11.5 acre site ideal for residential development in Fishers.
      11798 E 131St St, Fishers, IN 46038
      View Details
    • Contact for pricing
      7,375 SF

      Retail Space on Allisonville Road

      7,375 SF retail space with high visibility in Fishers.
      11578 Allisonville Rd, Fishers, IN 46038
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      30,938 SF

      Fishers Flex Space: Prime Location

      Modern flex space, ideal for business.
      14016-14076 Britton Park Rd, Fishers, IN 46038
      View Details
    • $33 SF/Yr
      11,945 SF

      Fishers Office Space: 11,945 SF

      Prime Fishers office, single tenant, 11,945 sq ft.
      11 Municipal Dr, Fishers, IN 46038
      View Details
    • Contact for pricing
      61,331 SF

      Fishers Medical Office Space

      Prime Fishers location, 3,861 sq ft available.
      8890 116Th St, Fishers, IN 46038
      View Details
    • $25 SF/Yr
      5,723 SF

      Premium Commercial Space in Fishers

      New commercial space for office, medical, or retail use.
      10978 Allisonville Rd, Fishers, IN 46038
      View Details
    • $16 SF/Yr
      1,925 SF

      Historic Eller House Office Space

      Unique office space in a preserved historic building.
      7050 E 116Th St, Fishers, IN 46038
      View Details
    • Contact for pricing
      1,832 SF

      Single-Story Office Space Available

      Single-story office space with efficient layout in Fishers, Indiana.
      9084 Technology Dr, Fishers, IN 46038
      View Details
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    Fishers, IN 46038-2832
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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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