2522 N Salisbury St, West Lafayette, IN
Office building with vacant lot for parking expansion.
- Added:
- Jun 1, 2024
- Days on Market:
- 743
- Last Refresh:
- May 20 at 9:22 pm
Property Features for 2522 N Salisbury St
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 0.65 Acres
- Property subtype
- OFFICE
Listing agent Matt Washburn (765) 426-5800
Listing office Realty Advisors IN (765) 426-5800
Listing date Jun 1, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Realty Advisors IN
HighLights
- Two parcels included in sale.
- Building is zoned NB (Neighborhood Business).
- Vacant lot is zoned R1 (Single‑Family Residential).
- Parking can be expanded.
- Vacant parcel provides expansion possibilities.
- Combination of business and residential zoning.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.8k | $21.00 |
| − Vacancy | −$24.2k | −$5.04 |
| EGI | $76.6k | $15.96 |
| − OpEx | −$19.2k | −$3.99 |
| NOI | $57.5k | $11.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.9153
- Latitude
- 40.4543
