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

    7800 96th St Fishers, IN 46037-9629

    • Strip malls
    • 53,640 SF
    • 4.78 lot acres
    OFF-MARKET
    Value Estimations
    $8,955,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0010306
    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

    • FedEx Office Print & Ship Center / Print Shop / Promotional Products Supplier
    • Rush My Passport / Passport Photo Processor / Visa And Passport Office
    • FedEx Drop Box / Mailing Service
    • Digital Investigations / Private Investigator

    Property Details for 7800 96th St

    Year built
    1989
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.78 lot acres
    Property size
    53,640 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    29-14-12-004-006.000-006
    APU
    291412004006000006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0248
    Latitude
    39.9281
    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
    $174,413
    $2,390,000
    $5,530,500
    $7,920,500
    -
    $2,390,000
    $5,530,500
    $7,920,500

    Comparable in this City

    • Value Estimation
      $5,335,000
      21,569 SF

      11703 Olio Rd

      SHOPPING CENTER, STRIP CENTER • 21,569 SF
      11703 Olio Rd, Fishers, IN 46037-7684
      View Details
    • Value Estimation
      $4,415,000
      21,520 SF

      11380 Olio Rd

      SHOPPING CENTER, STRIP CENTER • 21,520 SF
      11380 Olio Rd, Fishers, IN 46037-7605
      View Details
    • Value Estimation
      $2,610,000
      15,633 SF

      11650 Olio Rd

      SHOPPING CENTER, STRIP CENTER • 15,633 SF
      11650 Olio Rd, Fishers, IN 46037-7619
      View Details
    • Value Estimation
      $2,820,000
      16,800 SF

      9685 Olympia Dr

      SHOPPING CENTER, STRIP CENTER • 16,800 SF
      9685 Olympia Dr, Fishers, IN 46037
      View Details
    • Value Estimation
      $5,630,000
      34,880 SF

      8904 96th St

      SHOPPING CENTER, STRIP CENTER • 34,880 SF
      8904 96th St, Fishers, IN 46037
      View Details
    • Value Estimation
      $2,350,000
      9,400 SF

      9705 Fishers District Dr

      SHOPPING CENTER, STRIP CENTER • 9,400 SF
      9705 Fishers District Dr, Fishers, IN 46037-0014
      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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    • $2,289,135

      Childcare Property Investment Opportunity

      Single-tenant childcare property with new 10-year NNN lease.
      9765 Olympia Dr, Fishers, IN 46037
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    • $345,000
      1,697 SF

      Highpoint Ridge Condo with Loft

      Well-maintained condo in Fishers with loft, modern finishes.
      11438 Stones Ct, Fishers, IN 46037
      View Details
    • $325,000
      1,752 SF

      Low Maintenance Living in Fishers

      Low-maintenance Fishers home with hardwood floors, stainless steel appliances, and patio.
      11508 Ivy Ln, Fishers, IN 46037
      View Details
    • $1,250,000
      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
    • $345,000

      Luxury Condo in Prime Location

      Low-maintenance condo with loft near Fishers' amenities.
      11438 Stones Ct, Fishers, IN 46037
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space on E 96th

      Retail space available in a busy Fishers shopping center.
      8902-8942 E 96Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      2,440 SF

      Retail Space in Prominent Center

      Retail spaces available in shopping center with strong co-tenancy.
      8510 E 96Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      1 SF

      Delaware Trace Retail Property

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

      Exit Five Business Center, Fishers, IN

      Retail Land, Multiple Tenancies, High Traffic
      0 116Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space in Fishers

      Retail space available in affluent Geist & Fishers area.
      10468 Olio Rd, Fishers, IN 46037
      View Details
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    7800 96th St
    Fishers, IN 46037-9629
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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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