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    9998 Crosspoint Blvd Indianapolis, IN 46038
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    Property profile & analytics

    9998 Crosspoint Blvd, Indianapolis, IN 46038

    View on Map
    • Office Units
    • 109,000 SF
    • 4.65 lot acres
    Off-Market
    Property ID
    US31-1012373
    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

    • Radiology of Indiana, PC: Mary E. Below, MD / Physician / Medical Clinic
    • Radiology of Indiana: Sheets Paul W MD / Physician / Medical Clinic
    • Radiology of Indiana: Below Mary E MD / Physician / Medical Clinic
    • Dr. Scott J. Savader, MD / Physician / Medical Clinic
    • Dr. James R. Bognanno, MD / Physician / Medical Clinic

    Property Details for 9998 Crosspoint Blvd

    Lot size
    4.65 lot acres
    Property type
    Office Units

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 28, 2020 $14,012,681 Msbam Reo-office In LLC Sheriff Of Hamilton County|e-l Crosspoint Bldg 1 D Deed · related —

    Description

    One Concourse, located at 9998 Crosspoint Blvd, Fishers, IN 46038, offers exceptional office space in a high-quality building. This four-story building boasts a total of 109,000 square feet, with 18,000 square feet currently available for lease. The property features multiple tenancy options, accommodating businesses of various sizes. Spaces range from a minimum of 2,043 square feet to a maximum contiguous space of 10,881 square feet, providing flexibility for diverse needs. The building's traditional, executive, and creative office subtypes cater to a wide range of business styles. Ample parking is available with 383 spaces. The property sits on a 4.65-acre lot, offering a prominent presence in a desirable location. This is an excellent opportunity for businesses seeking a prestigious and functional office space in the thriving Fishers, Indiana market. The building's attractive location and high-quality construction make it an ideal choice for companies seeking a productive and appealing work environment. Contact us today to learn more about available suites and lease terms.

    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
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0251508
    Latitude
    39.9351948

    Comparable in this City

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      High-End Office Space Available

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      Office/Warehouse Flex Space Available

      7,400 SF office/warehouse in Fishers, Indiana for lease.
      11837 Technology Ln, Fishers, IN 46038
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      Premium Commercial Space in Fishers

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      Fishers Office Suite For Sale

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      Three-Story Office Building For Sale

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      Fishers Commercial Land For Sale

      2.544 acre commercial land in Fishers, Indiana for sale.
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    • $224,900
      0.88 Acres

      Residential Lots in Fishers, IN

      0.875-acre homesite in the heart of Fishers community.
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      Residential Lots in Fishers, IN

      Residential lots in the heart of Fishers, Indiana.
      12650 Granite Ridge Cir, Fishers, IN 46038
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    Similar Nearby for Lease

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      Modern Office Space in Fishers

      High-end office space with walkable amenities and strong access.
      11 Municipal Dr, Fishers, IN 46038
      View Details
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      1,808 SF

      Downtown Fishers Office Space

      Iconic office building in the heart of Fishers, Indiana.
      8701 E 116Th St, Fishers, IN 46038
      View Details
    • Contact for pricing
      6,703 SF

      Medical Office Space Available

      Medical office spaces for lease in Fishers, Indiana.
      10967 Allisonville Rd, Fishers, IN 46038
      View Details
    • Contact for pricing

      High-End Office Space Available

      Office space with high-end finishes and progressive design.
      11634 Maple St, Fishers, IN 46038
      View Details
    • Contact for pricing

      Office/Warehouse Flex Space Available

      7,400 SF office/warehouse in Fishers, Indiana for lease.
      11837 Technology Ln, Fishers, IN 46038
      View Details
    • Contact for pricing
      1,840 SF

      Remodeled Office/Medical Space For Lease

      Newly remodeled office/medical space near Downtown Fishers and Nickel Plate Trail.
      8939 Technology Way, Fishers, IN 46038
      View Details
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    9998 Crosspoint Blvd
    Indianapolis, IN 46038
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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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    9998 Crosspoint Blvd, Indianapolis, IN, 46038
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