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    2844 Needletail Dr West Lafayette, IN 47906

    View on Map
    Sponsored
    For Sale
    $485,000

    Traditional, Other - West Lafayette, IN

    Property size:
    2,564 SF
    Lot size:
    0.23 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 5 at 3:06 pm

    Property Features for 2844 Needletail Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Laundry
    Bedrooms
    4
    Bathrooms
    3
    APN
    79-06-11-354-005.000-023
    Parking features
    Garage, Garage - Attached, Off Street
    Patio and Porch features
    Patio, Porch
    Exterior features
    Ceiling Fan, Fireplace, Off Street Parking, Near Walking Trail, Storage, Attic Pull Down Stairs, Breakfast Bar, Cable Available, Ceiling-9+, Closet(s) Walk-in, Countertops-solid Surf, Detector-smoke, Eat-in Kitchen, Foyer Entry, Garage Door Opener, Garden Tub, Kitchen Island, Landscaped, Open Floor Plan, Patio Covered, Porch Covered, Six Panel Doors, Utility Sink, Water Heater Gas, Washer Hook-up, Garage Utilities, None
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Washer
    Size
    2,564 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Expense value
    295
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    1
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Brick, Stone
    Roof type
    Asphalt, Shingle
    Architectural style
    New Traditional
    Additional Structures
    Garage(s), Storage

    We can help!

    Listing Contact
    Kevin McCraw
    Kevin McCraw

    Elite Property Management & Realty (765) 607-4663

    Listing agent Kevin McCraw (765) 607-4663 License #RB14039575

    Listing date Mar 5, 2026

    MLS# 202606978 Listing URL

    Copyright © 2026 Lafayette Regional Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Modern Home in Wake Robin

    This modern, 2564 square foot single-family home, constructed in 2019 by Citation Homes, is situated in the Wake Robin community. The neighborhood features a community pond and direct connections to walking trails that link to Purdue University, offering convenient access to schools, shopping, parks, and local amenities. The home includes 4 bedrooms and 3 full bathrooms, with a separate stand-up shower, a separate soaking tub, and a tub and shower combo. Professionally wired with ethernet throughout using CAT6 cable, the home features RJ45 ports in most rooms. The garage includes smart door openers compatible with most smartphones. The property is leased through 5/18/26 for $2800 per month. The interior emphasizes main-floor living with an open, light-filled layout suitable for both everyday comfort and entertaining. A spacious foyer leads to a dedicated office space, and a first-floor guest bedroom with a nearby full bathroom provides convenient main-level accessibility. The modern eat-in kitchen features stainless steel appliances, abundant cabinetry, solid-surface countertops, a large 8.5' x 4' center island with a sink and breakfast bar seating, and an exterior oven/range exhaust fan. Open to the adjacent covered patio, the dining and remaining first-floor living areas are abundant with natural light. The great room features a corner tiled gas fireplace. The upper level includes a loft area with a walk-in closet, a second-floor laundry room with a utility sink, and the remaining three bedrooms. The primary suite includes an oversized walk-in closet with built-in organizers, plus an en-suite bathroom equipped with a walk-in shower, a separate soaking tub, and custom tile and lighting. The property is located on a 0.23-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    West Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.958372
    Latitude
    40.450969

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    FAQs

    What type of property is this?
    Single family property - Single-family home with modern amenities and convenient location.
    Where is this single family property located?
    The property is located at 2844 Needletail Dr West Lafayette, IN.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Leased through 5/18/26 for $2800 per month, providing immediate rental income.; - **Modern, open-concept design with abundant natural light, ideal for entertaining and comfortable living.**; - **Primary suite features a luxurious bathroom with separate walk-in shower and soaking tub, plus an oversized walk-in closet with built-in organizers.**
    (765) 714-2215
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    2844 Needletail Dr West Lafayette, IN 47906
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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
    2844 Needletail Dr West Lafayette, IN 47906
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    We can help!
    Listing Contact
    Kevin McCraw
    Kevin McCraw
    Real Estate License ID: RB14039575
    (765) 714-2215 (765) 607-4663
    Learn more
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