Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9760 116th St Fishers, IN 46037-3004

    • Drive through restaurants
    • 2,234 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2711632
    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

    • Chipotle Mexican Grill / Caterer / Fast Food Restaurant

    Property Details for 9760 116th St

    Year built
    2019
    Construction
    WOOD
    Lot size
    0.95 lot acres
    Property size
    2,234 SF
    Property type
    Drive through restaurants
    APN
    29-11-31-000-028.404-006
    APU
    291131000028404006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $567,000
      Market price range: $259k - $567k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.9973
    Latitude
    39.9576
    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
    $26,781
    $790,400
    $426,300
    $1,216,700
    -
    $790,400
    $426,300
    $1,216,700

    Comparable in this City

    • Value Estimation
      $575,000
      2,036 SF

      13701 116th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,036 SF
      13701 116th St, Fishers, IN 46037-7604
      View Details
    • Value Estimation
      $5,275,000
      3,457 SF

      9701 116th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,457 SF
      9701 116th St, Fishers, IN 46037-2822
      View Details
    • Value Estimation
      $1,265,000
      2,939 SF

      8880 96th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,939 SF
      8880 96th St, Fishers, IN 46037-1106
      View Details
    • Value Estimation
      $170,000
      4,936 SF

      13691 Olio Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,936 SF
      13691 Olio Rd, Fishers, IN 46037-7696
      View Details
    • Value Estimation
      $1,965,000
      3,501 SF

      13647 Olivia Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,501 SF
      13647 Olivia Way, Fishers, IN 46037-7687
      View Details
    • Value Estimation
      $705,000
      2,808 SF

      13778 Olivia Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,808 SF
      13778 Olivia Way, Fishers, IN 46037-7690
      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
    • $2,289,135

      Childcare Property Investment Opportunity

      Single-tenant childcare property with new 10-year NNN lease.
      9765 Olympia Dr, 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
    • 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

    • Contact for pricing
      1 SF

      Delaware Trace Retail Property

      Prime 17-acre retail site, single tenant.
      9708 116Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      101,100 SF

      Prime Retail Outlots, Hamilton County

      101,100 SF Available, I-69 Access
      116th St & Cumberland Rd, Fishers, IN 46037
      View Details
    • Contact for pricing
      155,691 SF

      Delaware Commons Retail Space

      High-traffic retail center; flexible suites available.
      11752 Cumberland Rd, Fishers, IN 46037
      View Details
    • Contact for pricing
      1 SF

      Exit Five Business Center, Fishers, IN

      Retail Land, Multiple Tenancies, High Traffic
      0 116Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      2,800 SF

      Mixed-Use Space in Fishers, Indiana

      Mixed-use space for rent in a growing Indiana city.
      9712 E 116Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on E 96th

      Retail space available in a busy Fishers shopping center.
      8902-8942 E 96Th St, Fishers, IN 46037
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9760 116th St
    Fishers, IN 46037-3004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.