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Property profile & analytics
FOR LEASE
Medical Office Space
8890 E 116Th St Fishers, IN 46038
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0338927
For Lease
1 / 9
Contact for pricing
8890 E 116Th St, Fishers, IN 46038
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
TYPE NOT SPECIFIED
Total area
55,585 SF
Lot
0.51 ac (22,216 SF)
APN
29-11-31-303-002.101-006
UPID
US31-0338927
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
-
Mid America Clinical Laboratories Medical Laboratory
-
Community Physician Network Family Medicine Care - Fishers Medical Clinic
-
Black Clay LLC Law Firm Child Welfare Organization
-
The Well Coffeehouse Fishers Cafe & Coffee Shop
-
Progressive Eyecare Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.42M
Blend (final)
Blend
$5.11M
Owner & transaction history
The Edge Fisher Mob LLC · 4 yrs held
The Edge Fisher Mob LLC
since 2022
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.5M
+47.4%
Auto repair, garage
$4.6M
+3.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,430,000
Current use
RETAIL STORES
$6,530,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,560,000
Change: +3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,855,000
Change: -13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,715,000
Change: -16% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,545,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$5.11M
Range $4.59M – $5.62M · ±10%
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
$92 / 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
$172,428
Tax year 2023
Assessed value
$7,833,700
Assessed 2023
Previous assessed
$7,833,700
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$612,000
Assessed improvement
$7,221,700
Land market value
$612,000
Improvement market value
$7,221,700
Total market value
$7,833,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2015
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
55,585 SF
Lot
0.51 ac (22,216 SF)
APN
29-11-31-303-002.101-006
UPID
US31-0338927
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
MEDICAL BUILDING Current
Est. value
$4.4M
RETAIL STORES
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.5M
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2015
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
0.51 ac
Current owner
From public records · entity-resolved
The Edge Fisher Mob LLC
Entity
Free & Clear · 4 yrs held
Mailing address
835 W 6TH ST STE #1500, AUSTIN, TX 78703-5472
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 6, 2022
$19,500,000
The Edge Fisher Mob LLC
Fishers Urban Development LLC
Special Warranty Deed
—
Nov 24, 2014
—
Town Ofe Fishers
Town Of Fishers
Quit Claim Deed
related
—
Apr 25, 2013
—
Kfc Of America INC
Kfc Us Properties INC
Quit Claim Deed
related
—
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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