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Property profile & analytics
OFF-MARKET
Estimated value
$6,090,000
Warehouses
9715 Kincaid Dr Fishers, IN 46037-9470
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-0252063
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
TYPE NOT SPECIFIED
Total area
106,613 SF
Lot
5.61 ac (244,372 SF)
APN
29-14-12-005-005.000-006
UPID
US31-0252063
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
-
FSG Indianapolis Electrical Service General Contractor
-
Bluewater Tech Support Center Rental Equipment Company
-
Reno's Music (Bike/Boat/Book/etc) Store
-
Positron Pharmaceutical Co Medical Supply Store
-
Probo Medical Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.09M
Owner & transaction history
Meritex Nxnee LLC · 15 yrs held
Meritex Nxnee LLC
since 2011
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$57 / 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
$93,692
Tax year 2023
Assessed value
$4,253,200
Assessed 2023
Previous assessed
$4,253,200
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$1,002,000
Assessed improvement
$3,251,200
Land market value
$1,002,000
Improvement market value
$3,251,200
Total market value
$4,253,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
106,613 SF
Lot
5.61 ac (244,372 SF)
APN
29-14-12-005-005.000-006
UPID
US31-0252063
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
Building & site characteristics
From public records
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
5.61 ac
Current owner
From public records · entity-resolved
Meritex Nxnee LLC
Entity
Free & Clear · 15 yrs held
Mailing address
24 UNIVERSITY AVE NE STE #200, MINNEAPOLIS, MN 55413-2480
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2019
—
Meritex Nxne LLC
—
Loan Modification
related
$75,000,000 · Us Bk
Oct 19, 2016
—
Meritex Nxne LLC
—
Deed
related
—
Dec 6, 2012
—
Meritex Nxne LLC
—
Deed Of Trust
related
$65,000,000 · Us Bank NA
Feb 28, 2011
—
Meritex Nxnee LLC
Rori Property Holdings LLC
Grant Deed
related
—
—
—
Meritex Nxne LLC
—
Loan Modification
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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