NOVA Apartment
For Sale
Contact for pricing
200 South 4th Street, Lafayette, IN 47901
Apartment property built in 2021 at a Lafayette, Indiana address.
Property Size71,562 SF
Price / SF$195.63
Days on Market71
Property Features for 200 South 4th Street
General Information
Standard status
Active
Size
71,562 SF
Class
A
Property subtype
Multifamily
Occupancy
95%
Investment Type
Value Add
Net Operating Income
$852,421
Building Details
Year Built
2021
Buildings
1
Stories
4
Units
81
Listing Agency:
Triad Real Estate Partners
Listed By:
Sean Lyons · License #IL 475145639
Source:
Crexi
Added: Jul 28
Changed: Oct 1
Last Checked: Oct 5 at 5:22PM
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 Triad Real Estate Partners
Investment Insights
Based on property information with market context.
NOVA Apartments is an apartment building completed in 2021. The property contains 71,562 square feet and is located at 200 South 4th Street in Lafayette, Indiana. Its recent construction date and substantial building area provide the principal physical details available for evaluating the asset.
Key Highlights
- 71,562‑square‑foot apartment building
- Constructed in 2021
- Located at 200 South 4th Street, Lafayette, IN 47901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$630,157
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,603,140
$12.6M
Cap Rate 7%
$9,002,243
$9.0M
Cap Rate 9%
$7,001,744
$7.0M
Market Conditions
NOI Build-Up for 71,562 SF
Gross rent
$1.16M $16.20/SF
− Vacancy
−$13.6K −$0.19/SF
EGI
$1.15M $16.01/SF
− OpEx
−$515.6K −$7.20/SF
NOI
$630.2K $8.81/SF
Area
Tippecanoe County, IN
Vacancy
1.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,603,140
Cap Rate 7%
$9,002,243
Cap Rate 9%
$7,001,744
Alternative Uses
Best Use
Apartment 5plus
$9.00M
$7.88M – $10.50M
NOI $630,157 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.52M
$14.46M – $19.28M
NOI $1,156,522 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 47901, IN
3,750
Population
2,875
Households
1.3
Avg Household Size
32
Median Age
57%
College-Educated
95%
High-School Grad
0.6 sq mi
ZIP Area
6,250
Density / Sq Mi
$46,425
Median Household Income
$39,368
Median Earnings
$954
Median Rent
$257,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property built in 2021 at a Lafayette, Indiana address.
Where is this apartment building located?
The property is located at 200 South 4th Street Lafayette, IN.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 71,562‑square‑foot apartment building; Constructed in 2021; Located at 200 South 4th Street, Lafayette, IN 47901
