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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13801 Olivia Way Fishers, IN 46037-7691

    • Commercial real estate
    • 11,220 SF
    • 1.86 lot acres
    OFF-MARKET
    Value Estimations
    $1,600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1338920
    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

    • Prime Car Wash / Car Wash

    Property Details for 13801 Olivia Way

    Year built
    2019
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.86 lot acres
    Property size
    11,220 SF
    Property type
    Commercial real estate
    APN
    29-11-23-004-001.001-020
    APU
    291123004001001020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,410,000
      6.5%
      $2,225,000
      7%
      $2,065,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,666,000
      Market price range: $456k - $1.67M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.9202
    Latitude
    39.99
    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
    $51,518
    $1,288,000
    $1,089,400
    $2,377,400
    -
    $1,288,000
    $1,089,400
    $2,377,400

    Comparable in this City

    • Value Estimation by Request
      34.00 Acres

      116Th St

      Land • 1 SF
      0 116Th St, Fishers, IN 46037
      View Details
    • Value Estimation
      $520,000
      1,800 SF

      13279 126th St

      COMMERCIAL (GENERAL) • 1,800 SF
      13279 126th St, Fishers, IN 46037-9730
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    • Value Estimation by Request
      1,032 SF

      9804 106th St

      COMMERCIAL (GENERAL) • 1,032 SF
      9804 106th St, Fishers, IN 46037
      View Details
    • Value Estimation by Request
      34.00 Acres

      116Th St

      Land • 34.00 Acres
      0 116Th St, Fishers, IN 46037
      View Details
    • Value Estimation by Request
      810 SF

      14850 Dennison Dr

      COMMERCIAL (GENERAL) • 810 SF
      14850 Dennison Dr, Fishers, IN 46037-5504
      View Details
    • Value Estimation by Request
      832 SF

      13661 Hunters Run Dr

      COMMERCIAL (GENERAL) • 832 SF
      13661 Hunters Run Dr, Fishers, IN 46037-4613
      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
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    • $3,750,000
      16.82 Acres

      Fishers, IN Commercial Land Opportunity

      16.82 Acres, $3.75M Asking Price
      14790 136Th St, Fishers, IN 46037
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    • $300,000
      12.67 Acres

      Fishers, IN Development Land

      Prime 12.67-acre commercial site.
      I-69 136Th St, Fishers, IN 46037
      View Details
    • $622,500
      1.66 Acres

      Fishers Commercial Land - 1.66 Acres

      Prime Fishers location, build-to-suit options.
      8545 Sunlight Dr, Fishers, IN 46037
      View Details
    • $3,300,000
      7,100 SF

      Office Flex Building For Sale

      Office flex building with immediate occupancy in prime location.
      10022 Lantern Rd, Fishers, IN 46037
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    • 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

    • $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
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    • Contact for pricing
      133,504 SF

      Industrial Space Available For Lease

      133,504 SF industrial space with expansion ground available for lease.
      12001 Exit 5 Pkwy, Fishers, IN 46037
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    • $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
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    • Contact for pricing
      1 SF

      Delaware Trace Retail Property

      Prime 17-acre retail site, single tenant.
      9708 116Th St, Fishers, IN 46037
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    • Contact for pricing
      101,100 SF

      Prime Retail Outlots, Hamilton County

      101,100 SF Available, I-69 Access
      116th St & Cumberland Rd, Fishers, IN 46037
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    • $23 SF/Yr
      2,913 SF

      Office Space in Fishers

      Available office space for rent in Fishers, Indiana.
      11501 Cumberland Rd, Fishers, IN 46037
      View Details
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    13801 Olivia Way
    Fishers, IN 46037-7691
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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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