Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Discovery Park Title is generated by Realmo AI

    100 Foundry Dr, West Lafayette, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Purdue's Discovery Park District.

    Type:RETAIL
    Property size:
    2,092 SF
    Lot size:
    3.09 Acres
    Added:
    Apr 23, 2024
    Days on Market:
    756
    Last Refresh:
    Apr 5 at 10:11 pm

    Property Features for 100 Foundry Dr

    General Information

    Standard status
    Active
    Size
    2,092 SF
    Lot size
    3.09 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 100 Foundry Dr Contact us

    We can help!

    Listing Contact
    Amy Tharp, CCIM
    Amy Tharp, CCIM

    Listing agent Amy Tharp, CCIM

    Listing office Veritas Realty

    Listing date Apr 23, 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 Veritas Realty

    HighLights

    • Located in the heart of the newly created Discovery Park District, the western gateway to Purdue University.
    • Up to 7,140 SF of street‑level retail space available.
    • Onsite parking garage with 47 dedicated retail spaces and ample street parking.
    • Surrounded by new residential growth (Provenance, Aspire Apartments).
    • 249 Upscale Apartments above the retail space.
    • Outdoor seating opportunities available.

    Overview

    Up to 7,140 square feet of street-level retail space is available in the Discovery Park District. The location features 249 upscale apartments and an on-site parking garage with 47 dedicated retail spaces, as well as ample street parking. Outdoor seating opportunities are present. The Discovery Park District is a 400-acre planned development that serves as the western gateway to Purdue University. The district includes office and lab space for research and housing opportunities for undergraduate students, graduate students, and young professionals. The property is surrounded by new residential growth, including Provenance with single-family homes, townhomes, and apartments, and Aspire Apartments. Purdue University's 2021 enrollment broke records with 49,639 students. The property size is 2,092 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    West Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.9080655
    Latitude
    40.4258686

    Nearby Similar for Lease

    • $22 SF/Yr
      1,383 SF

      Retail Space Near Purdue Campus

      Retail space with high visibility and traffic near Purdue University.
      1110 Sagamore Pkwy W, West Lafayette, IN
      View Details
    • $13 SF/Yr
      805 SF

      West Lafayette Office Space Available

      Office space for rent in West Lafayette, Indiana.
      1231 Cumberland Ave, West Lafayette, IN
      View Details
    • $16 SF/Yr
      900 SF

      West Lafayette Office/Special Use Space

      900 SF space suitable for office or special use.
      2491 Sycamore Ln, West Lafayette, IN
      View Details
    • $795/Mo
      601 SF

      Serviced Office Space Available

      Office suites for rent with flexible lease terms.
      1330 Win Hentschel Blvd, West Lafayette, IN
      View Details
    • $16 SF/Yr
      1,118 SF

      West Lafayette Office Space Available

      Two-story office building near Purdue Research Park for rent.
      1305 Cumberland Ave, West Lafayette, IN
      View Details
    • $10 SF/Yr
      6,400 SF

      West Lafayette Office Space Available

      Move-in ready office space with flexible configuration in West Lafayette.
      2785 Klondike Rd, West Lafayette, IN
      View Details
    • $26 SF/Yr
      1,640 SF

      West Lafayette Drive-Thru Restaurant Space

      1,640 SF drive-thru or dine-in restaurant space for lease.
      5829 SR 43, West Lafayette, IN
      View Details
    • $3,900/Mo
      5,500 SF

      West Lafayette Office Space Available

      Office space with private offices, kitchenette, and storage basement.
      160 Sagamore Pkwy W, West Lafayette, IN
      View Details
    • $12 SF/Yr
      18,171 SF

      Purdue Research Park Flex Space

      Flexible space in Purdue Research Park with ample parking.
      1201 Cumberland AV, West Lafayette, IN
      View Details
    • Contact for pricing

      Stunning Office Space Available

      Deluxe office space featuring six offices and conference room.
      2635 Yeager Rd, West Lafayette, IN 47906
      View Details
    • $12 SF/Yr
      6,630 SF

      Deluxe Office Research Space Available

      Office and research spaces available in Purdue Research Park.
      1435 Win Hentschel Blvd, West Lafayette, IN
      View Details
    • $15 SF/Yr
      5,000 SF

      West Lafayette Office Space Available

      Well-maintained office building in West Lafayette's business district.
      720 W Navajo St, West Lafayette, IN
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in Purdue's Discovery Park District.
    Where is this retail space located?
    The property is located at 100 Foundry Dr West Lafayette, IN.
    What are key features of this property?
    This property features: Located in the heart of the newly created Discovery Park District, the western gateway to Purdue University.; Up to 7,140 SF of street‑level retail space available.; Onsite parking garage with **47 dedicated retail spaces** and ample street parking.
    (317) 737-1542 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Amy Tharp, CCIM
    Amy Tharp, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    100 Foundry Dr, West Lafayette, IN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!