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Property profile & analytics
FOR LEASE
Office Spaces
13914 Southeastern Pkwy Fishers, IN 46037
Entity Owned
2-yr Hold
Free & Clear
Property ID
US31-0616177
For Lease
1 / 2
$40,950,000
13914 Southeastern Pkwy, Fishers, IN 46037
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2008
Construction
STEEL FRAME
Total area
124,086 SF
Lot
25.6 ac (1,115,136 SF)
APN
29-11-24-000-030.000-020
UPID
US31-0616177
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
-
Ascension Medical Group - St. Vincent - Carmel Primary Care Medical Clinic
-
SKINnovations Physician Medical Clinic
-
Schneiders Julie Physician
-
Indiana Spine Group Fishers Medical Clinic
-
Sarah Surber, FNP-C Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40.95M
Owner & transaction history
City Of Fishers · 2 yrs held
City Of Fishers
since 2024
Last sale
$1,920
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$53.9M
+33.7%
Retail stores
$41.2M
+2.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$40,305,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$53,905,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$41,195,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$35,865,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$40.95M
Range $36.86M – $45.05M · ±10% · vs last sale $2k (Jan 8 2024)
Last sale anchor
$2k
Jan 8 2024
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
$330 / 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
$47,443
Tax year 2023
Assessed value
$58,244,900
Assessed 2023
Previous assessed
$58,244,900
+0.0% YoY
Effective rate
0.08%
On assessed value
Assessed land
$5,692,500
Assessed improvement
$52,552,400
Land market value
$5,692,500
Improvement market value
$52,552,400
Total market value
$58,244,900
Applied tax rate
20.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
3
Total area
124,086 SF
Lot
25.6 ac (1,115,136 SF)
APN
29-11-24-000-030.000-020
UPID
US31-0616177
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
COMMERCIAL (GENERAL) Current
Est. value
$40.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$53.9M
RETAIL STORES
Est. value
$41.2M
AUTO REPAIR, GARAGE
Est. value
$35.9M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
2008
Construction
STEEL FRAME
Heating
NONE
Stories
3
Buildings
2
Lot
25.6 ac
Current owner
From public records · entity-resolved
City Of Fishers
Entity
Free & Clear · 2 yrs held
Mailing address
1 MUNICIPAL DR, FISHERS, IN 46038-1574
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jan 8, 2024
$1,920
City Of Fishers
St Vincent Fishers Hospita INC
Warranty Deed
—
Apr 5, 2013
—
St Vincent Fishers Hospital
St Vincent Hospital & Health
Quit Claim Deed
—
Jul 2, 2008
—
St Vincent Hospital & Health
St Vincent Medical Center
Quit Claim Deed
—
Jun 14, 2006
—
Northeast Medical Center INC
Olio 238 Partners LLC
Warranty Deed
—
Mar 16, 2006
—
Olio 238 Partners LLC
Cedar Run Investments LLC
Grant Deed
$4,100,000 · Fifth Third 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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