9765 Olympia DrFishers, IN 46037

Property Details for 9765 Olympia Dr

Year built

1994

Construction

WOOD

Lot size

1.55 AC

Property size (Sq ft)

10,752 SF

Property type

Office properties

Property subtype

Other office properties

APN

29-15-08-018-001.000-020

APU

291508018001000020

Description

This exceptional investment opportunity presents a 10,752 square foot, single-tenant daycare center located at 9765 Olympia Drive in Fishers, Indiana, 46037. The property boasts a strong 100% occupancy rate under a new 10-year net lease (NNN) with a 7.75% cap rate, generating a substantial net operating income (NOI) of $177,408. The asking price is $2,289,135, translating to a price per square foot of $212.90. This free-standing building is situated on one story and is ideally positioned within a thriving, affluent submarket of Fishers, consistently ranked among the top places to live in the United States. The property's strong demographics and the long-term lease provide a secure and attractive investment opportunity with significant potential for future growth. The investment type is a net lease, meaning the tenant is responsible for most operating expenses, minimizing the owner's operational responsibilities. This single-tenant retail property offers a low-risk, high-return investment in a desirable location. The property is a well-maintained, attractive building suitable for its current use as a daycare center. This is a rare opportunity to acquire a stable, high-performing asset in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,465,201

  6.5%

  $1,352,493

  7%

  $1,255,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,335,291

  Geo Method

  $1,335,291

• Alternative Use

  Use

  Valuation

  Residential

  $1,677,092

  Hospitality

  $1,536,207

  Educational

  $1,278,106

  Medical

  $1,322,062

  Retail

  $1,988,165

Location Insight

City

Fishers

County

Hamilton

State

Indiana

Latitude

39.9298

Longitude

-85.9832

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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