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    8766 East 96Th St Fishers, IN 46037

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    8766 East 96Th St Fishers, IN 46037

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    • Warehouses
    • 81,068 SF
    • 4.87 lot acres
    For Lease
    $1.00 SF/Yr
    View Listing →
    Prime Retail Hub Opportunity For Lease
    $1.00 SF/Yr
    81,000 SF

    Prime Retail Hub Opportunity

    Retail spaces available in a high-traffic Fishers location.

    8766 East 96th Street, Fishers, IN 46037
    View Listing
    Property ID
    US31-0016278
    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.
    Value Estimations
    $2,970,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • H&H North / Gym & Fitness Center / Sports Field & Court
    • Sogility - Fishers / Sports School
    • ScanCafe / Photography Service / (Bike/Boat/Book/etc) Store
    • ScanDigital / Video Duplication Service / Photo Restoration Service
    • IFAST: Indianapolis Fitness and Sports Training / Gym & Fitness Center

    Property Details for 8766 East 96Th St

    Year built
    1994
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.87 lot acres
    Property size
    81,068 SF
    Property type
    Warehouses
    APN
    29-14-12-005-011.003-006
    APU
    291412005011003006

    Description

    This exceptional commercial property, located at 8766 East 96th Street in Fishers, Indiana, offers 26,000 square feet of vacant, divisible executive office space. Situated on a sizable lot ranging from 1.09 to 1.85 acres in Hamilton County (zip code 46037), this property presents a unique opportunity for businesses seeking flexible space solutions. The building is categorized as both retail and office, allowing for diverse tenant profiles. Multiple tenancy is possible, with a minimum divisible space of 10,000 square feet and a maximum contiguous space of 16,000 square feet. The entire 26,000 square feet is currently available. This prime location within a thriving retail hub offers excellent visibility and accessibility. The property's strategic placement benefits from the presence of Memory Ventures, a significant employer occupying a nearby building, creating a strong potential customer base for retail tenants. This presents an unparalleled chance to establish a presence in a high-growth area of Fishers, Indiana. The property's size and flexibility make it ideal for a variety of businesses seeking a prominent location in a dynamic commercial environment. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,350,000
      ML approach
      $3,630,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0155
    Latitude
    39.9286
    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
    $35,783
    $1,622,300
    $1,945,700
    $3,568,000
    -
    $1,622,300
    $1,945,700
    $3,568,000

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      8890 Fitness Ln

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    Similar Nearby for Sale

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      20,669 SF

      Office Flex Building For Sale

      Office flex building with immediate occupancy in prime location.
      10022 Lantern Rd, Fishers, IN 46037
      View Details
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      42,859 SF

      42,859 SF Flex/Industrial Property

      Flex/Industrial property with 100% occupancy and in-place NOI.
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      7,100 SF

      Office Flex Building For Sale

      Office flex building with immediate occupancy in prime location.
      10022 Lantern Rd, Fishers, IN 46037
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    • $349,900
      1.73 Acres

      Geist Area Residential Land

      1.73-acre wooded lot near Geist Lake in Fishers, Indiana.
      E 96Th St, Fishers, IN 46037
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale in Fishers, Indiana.
      14790 E 136Th St, Fishers, IN 46037
      View Details
    • Contact for pricing

      Land For Sale Fishers

      Land available for sale in Fishers, Indiana.
      14500 E 136Th St, Fishers, IN 46037
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      133,504 SF

      Industrial Space Available For Lease

      133,504 SF industrial space with expansion ground available for lease.
      12001 Exit 5 Pkwy, Fishers, IN 46037
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      Office and Warehouse Space Available

      Office and warehouse spaces available for lease.
      11955 Exit 5 Pkwy, Fishers, IN 46037
      View Details
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      Industrial Single Tenant Space

      Industrial space available for rent, approximately 28,913 square feet.
      12520 E 116Th St, Fishers, IN 46037
      View Details
    • $15 SF/Yr
      10,000 SF

      Available Office Space in Fishers

      10,000 SF office space with ample parking and highway access.
      11907-11985 Exit 5 Pkwy, Fishers, IN 46037
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Fishers, Indiana.
      9708 116Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      2,913 SF

      Office Space in Fishers

      Available office space for rent in Fishers, Indiana.
      11501 Cumberland Rd, Fishers, IN 46037
      View Details
    View Listing
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    Fishers, IN 46037
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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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