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Property profile & analytics
OFF-MARKET Estimated value $16,485,000
Warehouses

8600 Roberts Dr Fishers, IN 46037-9607

188,104 SF 7.92 ac lot Built 1990
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-3522120
Property summary
AI-generated overview

This exceptional 189,095-square-foot freestanding distribution center in Fishers, Indiana presents a unique opportunity. The building, constructed in 1990, boasts a highly desirable infill location with immediate access to I-69 at Exit 203 and convenient access to I-465, ensuring efficient transportation and logistics. The property sits on 7.92 acres and features a single-tenant occupancy across its two stories. The warehouse space offers an impressive 40-foot clear height, maximizing storage and operational efficiency. Loading and unloading are streamlined with 40 loading docks (8' x 10'), supplemented by 3 drive-in doors. Ample parking is provided with 132 spaces. The building includes 14,910 square feet of office space. The property is zoned I-1 and is located in Hamilton County. Power is supplied by an 800-amp, 480-volt system. The property is available for lease beginning December 1, 2024, at a rate of $6.75 per square foot, NNN. Estimated 2024 operating expenses include real estate taxes of $0.90 per square foot and property insurance of $0.21 per square foot. CAM is the tenant's responsibility. This high-image corporate distribution center is ideal for businesses seeking a strategic location and modern warehouse facilities.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1990
Construction TYPE NOT SPECIFIED
Total area 188,104 SF
Lot 7.92 ac (344,995 SF)
APN 29-14-12-005-008.000-006
UPID US31-3522120
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
  • Kittle's Furniture Furniture & Home Goods Home Decor Store
  • Kittle's Furniture Concierge Repair Service Renovation Specialist Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$11.22M
CAP Approach CAP
$16.98M
Comparable Approach Comparable
$21.71M
Blend (final) Blend
$16.49M
Owner & transaction history
8600 Roberts Drive LLC · 3 yrs held
8600 Roberts Drive LLC
since 2022
Last sale
$15.0M
3 recorded transactions
2022
$15.0M
2009
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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