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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9690 116th St Fishers, IN 46037-2838

    • Medical offices
    • 10,802 SF
    • 2.21 lot acres
    OFF-MARKET
    Value Estimations
    $1,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-3248262
    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.

    Current Use by Public Records

    • Kevin Emmerich / Emergency Care Physician
    • Gregory Pugh / Emergency Care Physician / Health Care Facility
    • Dr. Rami Ahmed / Emergency Care Physician
    • James Peng / Emergency Care Physician
    • Anita Toussi / Emergency Care Physician

    Property Details for 9690 116th St

    Year built
    2019
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.21 lot acres
    Property size
    10,802 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    29-11-31-014-002.000-006
    APU
    291131014002000006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,171,000
      Market price range: $498k - $1.17M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $885,000
      Current use
      RETAIL STORES
      $1,205,000
      Change: +36% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $915,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $910,000
      Change: +3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $725,000
      Change: -18% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $720,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0033
    Latitude
    39.9575
    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
    $57,360
    $884,000
    $1,718,100
    $2,602,100
    -
    $884,000
    $1,718,100
    $2,602,100

    Comparable in this City

    • Value Estimation
      $1,430,000
      27,670 SF

      10212 Lantern Rd

      MEDICAL BUILDING • 27,670 SF
      10212 Lantern Rd, Fishers, IN 46037-9705
      View Details
    • Value Estimation
      $965,000
      10,136 SF

      9795 116th St

      MEDICAL BUILDING • 10,136 SF
      9795 116th St, Fishers, IN 46037-2822
      View Details
    • Value Estimation
      $845,000
      48,234 SF

      13121 Olio Rd

      MEDICAL BUILDING • 48,234 SF
      13121 Olio Rd, Fishers, IN 46037-7237
      View Details
    • Value Estimation
      $830,000
      8,608 SF

      13648 Olivia Way

      MEDICAL BUILDING • 8,608 SF
      13648 Olivia Way, Fishers, IN 46037-7687
      View Details
    • Value Estimation
      $1,530,000
      20,635 SF

      14300 138th A Ste A

      MEDICAL BUILDING • 20,635 SF
      14300 138th A Ste A, Fishers, IN 46037-0051
      View Details
    • Value Estimation
      $850,000
      12,852 SF

      11876 Olio Rd

      MEDICAL BUILDING • 12,852 SF
      11876 Olio Rd, Fishers, IN 46037-9765
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Prime Fishers Retail/Office Space

      Executive Suites, 10,000-16,000 SF
      8766 96Th St, Fishers, IN 46037
      View Details
    • $3,300,000
      7,100 SF

      Office Flex Building For Sale

      Office flex building with immediate occupancy in prime location.
      10022 Lantern Rd, Fishers, IN 46037
      View Details
    • $1,250,000
      4,868 SF

      Updated Office Space in Fishers

      Well-maintained office building with contemporary finishes and ample parking.
      9904 N By Northeast Blvd, Fishers, IN 46037
      View Details
    • Contact for pricing

      Commercial Outlot on 96th Street

      1.09-acre outlot available for sale or lease in Fishers, Indiana.
      8764-8768 E 96Th St, Fishers, IN 46037
      View Details
    • $299,000
      0.50 Acres

      Residential Lots in Fishers Geist

      Cleared, build-ready residential lots with no HOA restrictions.
      10990 Brks School Rd, Fishers, IN 46037
      View Details
    • $375,000

      Commercial Land For Sale

      1.66 acre commercial land for sale in Fishers, Indiana.
      8545 Sunlight Dr, Fishers, IN 46037
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      4,689 SF

      Fishers Office Space: Delaware Crossing

      Prime Fishers Office Suites, Abundant Parking
      10100 Lantern Rd, Fishers, IN 46037
      View Details
    • $26 SF/Yr

      Fishers Office Space For Lease

      Office space in a desirable Fishers location with easy access.
      11411-11451 Overlook Dr, Fishers, IN 46037
      View Details
    • $17 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
    • $750 /Mo
      240 SF

      Office Space in Fishers

      Office space for rent in a desirable Fishers location.
      10150 Lantern Rd, Fishers, IN 46037
      View Details
    • $23 SF/Yr
      2,913 SF

      Office Space in Fishers

      Available office space for rent in Fishers, Indiana.
      11501 Cumberland Rd, Fishers, IN 46037
      View Details
    • Contact for pricing
      45,568 SF

      Prime Fishers Office Space Available

      Traditional office suites, 18,901 - 45,568 sq ft
      8350 Sunlight Dr, Fishers, IN 46037
      View Details
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    Fishers, IN 46037-2838
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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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