Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12244 116th St Fishers, IN 46037-6901

    • Office Properties & Spaces
    • 14,656 SF
    • 1.91 lot acres
    OFF-MARKET
    Value Estimations
    $2,460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0085332
    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

    • Cory Shook - State Farm Insurance Agent / Insurance Agency
    • Mathnasium / Tutoring Service
    • Applied Behavior Center for Autism - Fishers / Crisis Center / Medical Clinic
    • Mikayla Batt / Counselor
    • Abby Bender / Counselor

    Property Details for 12244 116th St

    Year built
    2019
    Construction
    WOOD
    Lot size
    1.91 lot acres
    Property size
    14,656 SF
    Property type
    Office Properties & Spaces
    APN
    29-11-34-000-014.001-020
    APU
    291134000014001020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,150,000
      6.5%
      $2,910,000
      7%
      $2,700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.9488
    Latitude
    39.9581
    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
    $39,057
    $332,100
    $1,470,300
    $1,802,400
    -
    $332,100
    $1,470,300
    $1,802,400

    Comparable in this City

    • Value Estimation by Request

      8350 Sunlight Dr

      Office Properties & Spaces
      8350 Sunlight Dr, Fishers, IN 46037
      View Details
    • Value Estimation
      $11,050,000
      50,879 SF

      10350 Glaser Way

      OFFICE (GENERAL) • 50,879 SF
      10350 Glaser Way, Fishers, IN 46037-9016
      View Details
    • Value Estimation
      $15,190,000
      121,998 SF

      10500 Kincaid Dr

      OFFICE (GENERAL) • 121,998 SF
      10500 Kincaid Dr, Fishers, IN 46037-9749
      View Details
    • Value Estimation
      $1,440,000
      10,829 SF

      9752 Lantern Rd

      OFFICE (GENERAL) • 10,829 SF
      9752 Lantern Rd, Fishers, IN 46037-9612
      View Details
    • Value Estimation
      $890,000
      5,900 SF

      11848 Olio Rd

      OFFICE (GENERAL) • 5,900 SF
      11848 Olio Rd, Fishers, IN 46037-9189
      View Details
    • Value Estimation
      $5,535,000
      31,445 SF

      11501 116th St

      OFFICE (GENERAL) • 31,445 SF
      11501 116th St, Fishers, IN 46037-8953
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Prime Fishers Retail/Office Space

      Executive Suites, 10,000-16,000 SF
      8766 96Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      7,100 SF

      Office Flex Building For Sale

      Office flex building with immediate occupancy in prime location.
      10022 Lantern Rd, Fishers, IN 46037
      View Details
    • Contact for pricing
      4,868 SF

      Updated Office Space in Fishers

      Well-maintained office building with contemporary finishes and ample parking.
      9904 N By Northeast Blvd, Fishers, IN 46037
      View Details
    • $375,000

      Commercial Land For Sale

      1.66 acre commercial land for sale in Fishers, Indiana.
      8545 Sunlight Dr, Fishers, IN 46037
      View Details
    • Contact for pricing
      2,109 SF

      Stunning Townhome in Avalon, Fishers

      Beautifully maintained townhome with modern updates in desirable Fishers community.
      12675 Hollice Ln, Fishers, IN 46037
      View Details
    • Contact for pricing

      Commercial Outlot on 96th Street

      1.09-acre outlot available for sale or lease in Fishers, Indiana.
      8764-8768 E 96Th St, Fishers, IN 46037
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      45,568 SF

      Prime Fishers Office Space Available

      Traditional office suites, 18,901 - 45,568 sq ft
      8350 Sunlight Dr, Fishers, IN 46037
      View Details
    • Contact for pricing
      26,000 SF

      Prime Fishers Executive Office Space

      26,000 SF Available, Multiple Tenants
      8766 96Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      2,913 SF

      Office Space in Fishers

      Available office space for rent in Fishers, Indiana.
      11501 Cumberland Rd, Fishers, IN 46037
      View Details
    • $24 SF/Yr

      Fishers Office Space For Rent

      Office spaces for rent in desirable Fishers location.
      10100 Lantern Rd, Fishers, IN 46037
      View Details
    • $26 SF/Yr

      Fishers Office Space For Lease

      Office space in a desirable Fishers location with easy access.
      11411-11451 Overlook Dr, Fishers, IN 46037
      View Details
    • $17 SF/Yr
      10,000 SF

      Available Office Space in Fishers

      10,000 SF office space with ample parking and highway access.
      11907-11985 Exit 5 Pkwy, Fishers, IN 46037
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12244 116th St
    Fishers, IN 46037-6901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.