11481 Olio RdFishers, IN 46037

Property Details for 11481 Olio Rd

Year built

2012

Construction

WOOD

Lot size

1.29 AC

Property size (Sq ft)

5,148 SF

Property type

Medical offices

Property subtype

Medical centers

APN

29-15-01-021-002.000-020

APU

291501021002000020

Description

This exceptional 5,114-square-foot medical office building presents a unique opportunity in the highly sought-after Fishers/Geist submarket of Indiana. Located at 11481 Olio Rd, Fishers, IN 46037, this single-tenant, Class A property boasts a desirable address with excellent visibility and accessibility. Built in 2012, the building sits on a spacious 1.59-acre lot and offers ample parking with 23 spaces. The property features a single story design, is zoned PUD-C & R, and is move-in ready. The building's versatile design makes it suitable for various medical office uses, as well as creative or traditional office configurations. With its convenient location and modern amenities, this property is ideal for businesses seeking a high-profile presence in a thriving community. The property's address is easily accessible from Olio Road & 113th Street, and benefits from a high volume of daily traffic (22,185 vehicles per day). The property includes no elevators. APN: 29-15-01-000-002.000-020 & 29-15-01-021-002.000-020. The entire 5,114 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $641,602

  6.5%

  $592,248

  7%

  $549,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $639,330

  Geo Method

  $639,330

• Alternative Use

  Use

  Valuation

  Residential

  $734,388

  Hospitality

  $672,695

  Educational

  $559,675

  Medical

  $578,923

  Retail

  $870,605

Location Insight

City

Fishers

County

Hamilton

State

Indiana

Latitude

39.9558

Longitude

-85.9174

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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