Entity Owned Property summary
AI-generated overview
The property is a commercial development site in Fishers, Indiana, situated along the proposed Nickel Plate Trail and within an area undergoing development. It includes an anchor pad of approximately 15.32 acres that is suitable for a building up to about 160,000 square feet. The site also provides outlots ranging from approximately 0.55 to 2.54 acres, and it has visibility from a major thoroughfare, with reported daily traffic counts of 50,466 vehicles on 96th Street and 136,365 vehicles on I-69. The surrounding retail environment includes Sam’s Club and Menards as anchors.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
41,720 SF
Lot
3.83 ac (166,835 SF)
Zoning code
ZO01
APN
49-02-14-118-015.000-400
UPID
US31-0749077
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Repair Shop
-
Physician
-
Restaurant
-
(Bike/Boat/Book/etc) Store
-
Car Dealership
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$842k
Blend (final)
Blend
$625k
Owner & transaction history
since 2019
6 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$625k
Value range
$563k – $688k
±10% around blend
Estimated value / SF
$15 / SF
Confidence
Property data
100
Comparable evidence
60
$563k
blend $625k
$688k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
41,720 SF
Lot area
3.83 ac
Year built
2001
Stories
1
APN
49-02-14-118-015.000-400
Zoning
ZO01
Assessed value
$3,998,200
Annual tax
$97,772
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$842k
Range $406k – $1.10M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$625k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.00M
Move the market yield to see immediate price impact.
Value / SF
$96
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$252k
$5.04M
$3.60M
$2.80M
$280k
$5.60M
$4.00M
$3.11M
$308k
$6.16M
$4.40M
$3.42M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$97,772
Tax year 2023
Assessed value
$3,998,200
Assessed 2023
Previous assessed
$3,998,200
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$1,651,700
Assessed improvement
$2,346,500
Land market value
$1,651,700
Improvement market value
$2,346,500
Total market value
$3,998,200
Applied tax rate
400.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
41,720 SF
Lot
3.83 ac (166,835 SF)
Zoning code
ZO01
APN
49-02-14-118-015.000-400
UPID
US31-0749077
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, INZoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
3.83 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ZO01
Jurisdiction
Indianapolis, IN
Recorded code
ZO01
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ZO01 in Indianapolis, IN.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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