Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    9943 Us Hwy 36 Avon, IN 46123-7987
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9943 Us Hwy 36 Avon, IN 46123-7987

    View on Map
    • Office properties & Spaces
    • 1,545 SF
    • 6.51 lot acres
    Off-Market
    Last Sale Jul 25, 2022
    Property ID
    US31-1027239
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bob's Construction & Repairs / General Contractor
    • Adecco Staffing / Employment Agency
    • A-1 Indiana Waterproofing, Inc. / Hardware & Home Improvement / Construction Company
    • Mr-Build Custom Remodeling / Construction Company / General Contractor

    Property Details for 9943 Us Hwy 36

    Year built
    1923
    Construction
    WOOD
    Lot size
    6.51 lot acres
    Property size
    1,545 SF
    Property type
    Office properties & Spaces
    APN
    32-09-07-200-008.000-031
    APU
    320907200008000031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3461
    Latitude
    39.7614
    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
    $50,188
    $1,674,800
    $937,600
    $2,612,400
    -
    $1,674,800
    $937,600
    $2,612,400

    Comparable in this City

    • Value Estimation
      $1,305,000
      10,372 SF

      5693 Broyles Rd

      OFFICE (GENERAL) • 10,372 SF
      5693 Broyles Rd, Avon, IN 46123-8249
      View Details
    • Value Estimation
      $8,440,000
      127,497 SF

      13013 Rockville Rd

      OFFICE (GENERAL) • 127,497 SF
      13013 Rockville Rd, Avon, IN 46123
      View Details
    • Value Estimation
      $3,900,000
      58,880 SF

      7203 Us Hwy 36

      OFFICE (GENERAL) • 58,880 SF
      7203 Us Hwy 36, Avon, IN 46123-7967
      View Details
    • Value Estimation
      $835,000
      12,642 SF

      7222 Us Hwy 36

      OFFICE (GENERAL) • 12,642 SF
      7222 Us Hwy 36, Avon, IN 46123-7777
      View Details
    • Value Estimation by Request
      8,880 SF

      5250 Us Hwy 36th Ste, Unit 1101

      OFFICE (GENERAL) • 8,880 SF
      5250 Us Hwy 36th Ste, Avon, IN 46123-8224
      View Details
    • Value Estimation
      $535,000
      5,808 SF

      7393 Business Ctr Dr

      OFFICE (GENERAL) • 5,808 SF
      7393 Business Ctr Dr, Avon, IN 46123-9269
      View Details

    Similar Nearby for Sale

    • $1,499,000
      8,320 SF

      Medical Office Building For Sale

      Solid brick building with medical and legal office spaces.
      7376 Business Center Dr, Avon, IN 46123
      View Details
    • $642,600
      10.71 Acres

      Avon Land for Sale

      10.71 acre agricultural-zoned land available in Avon, Indiana.
      County Road 100, Avon, IN 46123
      View Details
    • Contact for pricing

      Avon Land Development Opportunity

      Land available for development in Avon, Indiana.
      8339 E Us Highway 36, Avon, IN 46123
      View Details
    • Contact for pricing
      3,020 SF

      New Chipotle with Drive-Thru

      New 15-year NNN lease Chipotle with drive-thru.
      7518 Beechwood Centre Rd, Avon, IN 46123
      View Details
    • Contact for pricing
      21,923 SF

      Healthcare Facility Ready For Redevelopment

      Vacant 21,923 SF healthcare facility suitable for redevelopment.
      10241 E County Road 100 N, Avon, IN 46123
      View Details
    • Contact for pricing

      Avon Land for Sale

      1.27 acre commercial land near US 36 in Avon.
      125 N County Road 900 E, Avon, IN 46123
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Bank Building on Highway

      Highly visible former bank building in Avon, Indiana for lease.
      7130 E Us Highway 36, Avon, IN 46123
      View Details
    • Contact for pricing

      Avon Flex Space Available

      Flex space in Avon, Indiana, with convenient highway access.
      8131 Kingston St, Avon, IN 46123
      View Details
    • Contact for pricing

      Flexible Warehouse, Office, Flex Space

      All-inclusive warehouse, office, and flex space for small businesses.
      1691 S Ronald Reagan Pkwy, Avon, IN 46123
      View Details
    • Contact for pricing

      Avon Office Suites Available

      Office suites available for rent in Avon, Indiana.
      5250 E Us Highway 36, Avon, IN 46123
      View Details
    • Contact for pricing

      Avon Office Space Available

      Office space available for rent in Avon, Indiana.
      120 Avon Marketplace, Avon, IN 46123
      View Details
    • Contact for pricing

      Avon Office Space For Rent

      First generation office space in the heart of Avon.
      8102 Kingston St, Avon, IN 46123
      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.
    9943 Us Hwy 36
    Avon, IN 46123-7987
    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.
    Sign Up Successful!
    You now have access to more from Realmo!