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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Office Spaces
8766 Ss St Fishers, IN 46038-2986
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-1063093
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Construction
WOOD
Total area
8,336 SF
Lot
0.34 ac (14,810 SF)
APN
29-14-01-201-019.000-006
UPID
US31-1063093
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
-
Skylla Engineering Engineer
-
Mathews-Hardin Agency: Allstate Insurance Insurance Agency
-
Hoosier Housing Solutions Real Estate Agency
-
Indiana Academy-Ophthalmology Eye Care Center
-
Mid-America Title Co. Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.24M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$2.24M
Owner & transaction history
Rebar Cityview LLC · 2 yrs held
Rebar Cityview LLC
since 2024
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.6M
+32.1%
Retail stores
$2.8M
+1.0%
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
$2,235,000
ML approach
$2,235,000
CAP Approach
CAP Return
Estimation
6%
$1,790,000
6.5%
$1,655,000
7%
$1,535,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,740,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,620,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$2,770,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,410,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±10% · vs last sale $2.23M (May 17 2024)
Last sale anchor
$2.23M
May 17 2024
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
$268 / 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
$25,162
Tax year 2023
Assessed value
$1,139,300
Assessed 2023
Previous assessed
$1,139,300
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$275,900
Assessed improvement
$863,400
Land market value
$275,900
Improvement market value
$863,400
Total market value
$1,139,300
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
Off-Market
Year built
2004
Construction
WOOD
Heating
NONE
Stories
2
Total area
8,336 SF
Lot
0.34 ac (14,810 SF)
APN
29-14-01-201-019.000-006
UPID
US31-1063093
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Rebar Cityview LLC
Entity
Mailing address
8700 NN ST STE #120, FISHERS, IN 46038-2865
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
—
Rebar Cityview LLC
Fishers Office Group LLC
Special Warranty Deed
$11,960,000 · First Farmers Bank & Trust
May 17, 2024
$2,232,500
Rebar Cityview LLC
Fishers Office Group LLC
Special Warranty Deed
$11,960,000 · First Farmers Bank & Trust
Jul 5, 2023
—
Ferrucci Clapp
Ian T Keeler
Contract Sale
—
Sep 1, 2006
—
Sean M Clapp LLC
Fishers Office Group LLC
Grant Deed
related
—
Mar 19, 2004
—
Fishers Office Group LLC
Harper,thomas D & Deborah S
Warranty Deed
related
—
—
—
Fishers Office Group LLC
—
Deed Of Trust
related
$500,000 · Mercantile Nat'l Bank Indiana
—
—
Fishers Office Group LLC
—
Deed Of Trust
related
$412,000 · Regional Dev Co
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.
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