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

    9796 131st St Fishers, IN 46038-3601

    • Assisted living facilities
    • 26,168 SF
    • 2.71 lot acres
    OFF-MARKET
    Last Sale
    Aug 12, 2025
    $9,176,938
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0616743
    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

    • Grand Brook Memory Care of Fishers / Assisted Living Facility

    Property Details for 9796 131st St

    Year built
    2018
    Construction
    WOOD
    Lot size
    2.71 lot acres
    Property size
    26,168 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    29-11-30-000-014.002-006
    APU
    291130000014002006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.995
    Latitude
    39.9798
    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
    $93,254
    $542,000
    $3,694,700
    $4,236,700
    -
    $542,000
    $3,694,700
    $4,236,700

    Comparable in this City

    • Value Estimation
      $1,080,000
      65,080 SF

      10312 Allisonville Rd

      HOMES (RETIRED, NURSING) • 65,080 SF
      10312 Allisonville Rd, Fishers, IN 46038-2635
      View Details
    • Value Estimation
      $1,135,000
      22,388 SF

      11530 Allisonville Rd

      MEDICAL BUILDING • 22,388 SF
      11530 Allisonville Rd, Fishers, IN 46038-1866
      View Details
    • Value Estimation
      $960,000
      32,780 SF

      7712 Crosspoint Cmn

      MEDICAL BUILDING • 32,780 SF
      7712 Crosspoint Cmn, Fishers, IN 46038-2124
      View Details
    • Value Estimation
      $750,000
      12,414 SF

      7340 Xing Pl

      MEDICAL BUILDING • 12,414 SF
      7340 Xing Pl, Fishers, IN 46038-2708
      View Details
    • Value Estimation
      $825,000
      32,640 SF

      13050 Parkside Dr

      MEDICAL BUILDING • 32,640 SF
      13050 Parkside Dr, Fishers, IN 46038-8247
      View Details
    • Value Estimation
      $600,000
      6,256 SF

      10177 Allisonville Rd

      MEDICAL BUILDING • 6,256 SF
      10177 Allisonville Rd, Fishers, IN 46038-2073
      View Details

    Similar Nearby for Sale

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      Residential Lots in Fishers, IN

      Residential lots in the heart of Fishers, Indiana.
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      1.51 Acres

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      Residential Lots in Fishers, IN

      Residential lots in a tranquil custom neighborhood with mature trees.
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      Former Kroger Building For Sale

      62,426 SF former Kroger building on 10.60 acres.
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      Residential Lots in Fishers, IN

      Residential lots in the heart of Fishers, Indiana.
      12807 Granite Ridge Cir, Fishers, IN 46038
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    Similar Nearby for Lease

    • Contact for pricing
      61,331 SF

      Fishers Medical Office Space

      Prime Fishers location, 3,861 sq ft available.
      8890 116Th St, Fishers, IN 46038
      View Details
    • $27 SF/Yr
      6,928 SF

      Fishers Office Space for Lease

      Modern Office, Ample Parking, Prime Location
      9003 Technology Ln, Fishers, IN 46038
      View Details
    • $34 SF/Yr
      15,000 SF

      District South Retail Space

      Prime Fishers location, flexible suites.
      8723 South St, Fishers, IN 46038
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    • Contact for pricing
      25,360 SF

      Fishers Medical Office Building

      Prime Medical Space Available in Fishers, IN
      10995 Allisonville Rd, Fishers, IN 46038
      View Details
    • $20 SF/Yr
      16,603 SF

      Fishers Office Space: Prime Location

      Modern office space, flexible layouts, ample parking.
      9084 Technology Dr, Fishers, IN 46038
      View Details
    • $32 SF/Yr
      3,285 SF

      Downtown Fishers Office Space

      Iconic office building in the heart of Fishers, Indiana.
      8701 E 116Th St, Fishers, IN 46038
      View Details
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    9796 131st St
    Fishers, IN 46038-3601
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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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