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Property profile & analytics
FOR LEASE
Office Spaces
8350 Sunlight Dr Fishers, IN 46037
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-3181672
For Lease
1 / 6
$11,700,000
8350 Sunlight Dr, Fishers, IN 46037
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2017
Construction
TYPE NOT SPECIFIED
Total area
81,571 SF
Lot
5.97 ac (260,053 SF)
APN
29-14-12-021-004.000-006
UPID
US31-3181672
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.19M
Comparable Approach
Comparable
$7.22M
Blend (final)
Blend
$11.70M
Owner & transaction history
Iilg Real Estate Holdings LLC
Iilg Real Estate Holdings LLC
since 2025
Last sale
$11.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$17,535,000
6.5%
$16,185,000
7%
$15,030,000
Blend value · Realmo final
$11.70M
Range $10.53M – $12.87M · ±10% · vs last sale $11.70M (Aug 5 2025)
Last sale anchor
$11.70M
Aug 5 2025
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
$143 / 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
$27,091
Tax year 2023
Assessed value
$10,299,700
Assessed 2023
Previous assessed
$10,299,700
+0.0% YoY
Effective rate
0.26%
On assessed value
Assessed land
$1,230,800
Assessed improvement
$9,068,900
Land market value
$1,230,800
Improvement market value
$9,068,900
Total market value
$10,299,700
Applied tax rate
6.0000
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
2017
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
81,571 SF
Lot
5.97 ac (260,053 SF)
APN
29-14-12-021-004.000-006
UPID
US31-3181672
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
Building & site characteristics
From public records
Year built
2017
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
5.97 ac
Current owner
From public records · entity-resolved
Iilg Real Estate Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
40 W 51ST ST, NEW YORK, NY 10020-1606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
$11,700,000
Iilg Real Estate Holdings LLC
Arg Ssfsrin001 LLC
Deed
—
Sep 18, 2019
—
Arg Ssfsrin001 LLC
—
Grant Deed
related
$204,000,000 · Keybank USA
Apr 2, 2019
$16,300
Arg Ssfsrin001 LLC
Ambrose Fishers I LLC
Grant Deed
—
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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