Office/Retail Condominium
2504 Veterans Memorial Pkwy S Lafayette, IN 47909
For Sale
$435,000
Move-in-ready suite with an open workspace, perimeter offices, and existing plumbing hookups along a heavily traveled parkway.
Property Size2,817 SF
Price / SF$154.42
Days on Market55
Property Features for 2504 Veterans Memorial Pkwy S
General Information
Standard status
Active
Size
2,817 SF
Listing Agency:
Keller Williams Lafayette
(765) 413-6046
Listed By:
Steven Childers · License #RB22002269
(765) 413-6046
Source:
Exprealty
Added: Jun 5
Changed: Jul 29
Last Checked: Jul 29 at 5:05AM
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 Keller Williams Lafayette
Investment Insights
Based on property information with market context.
Move-in-ready office/retail condominium suite offered for sale or lease. The approximately 2,817 SF layout includes a large open workspace with perimeter offices, providing a flexible configuration for a range of service-oriented concepts. The suite was previously occupied as a salon and includes existing plumbing and nail station hookups that may be beneficial for compatible uses.
The property is located along Veterans Memorial Parkway South in Lafayette and has approximately 18,000 vehicles per day for visibility. Convenient access and ample shared parking are available to support customer and employee traffic.
Immediate occupancy is available. A full offering memorandum with detailed information is available in the MLS Documents, and the broker can provide additional details and schedule showings.
The property is located along Veterans Memorial Parkway South in Lafayette and has approximately 18,000 vehicles per day for visibility. Convenient access and ample shared parking are available to support customer and employee traffic.
Immediate occupancy is available. A full offering memorandum with detailed information is available in the MLS Documents, and the broker can provide additional details and schedule showings.
Key Highlights
- Move‑in‑ready office/retail condominium suite for sale or lease at 2504 Veterans Memorial Parkway South in Lafayette
- Approximately 2,817 SF suite with a flexible layout featuring a large open workspace and perimeter offices
- Previously occupied as a salon with existing plumbing and nail station hookups that may support similar uses
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 | $59.2k | $21.00 |
| − Vacancy | −$14.2k | −$5.04 |
| EGI | $45.0k | $15.96 |
| − OpEx | −$11.2k | −$3.99 |
| NOI | $33.7k | $11.97 |
2,817 SF · lease $21.00/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$481.7K
$421.5K – $562.0K
NOI $33,719 @ 7.0% cap · market cap 7.75%
Second Best
Retail
$404.0K
$353.5K – $471.3K
NOI $28,277 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$650.4K
$569.1K – $758.8K
NOI $45,526 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready suite with an open workspace, perimeter offices, and existing plumbing hookups along a heavily traveled parkway.
Where is this office units located?
The property is located at 2504 Veterans Memorial Pkwy S Lafayette, IN.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Move‑in‑ready office/retail condominium suite for sale or lease at 2504 Veterans Memorial Parkway South in Lafayette; Approximately 2,817 SF suite with a flexible layout featuring a large open workspace and perimeter offices; Previously occupied as a salon with existing plumbing and nail station hookups that may support similar uses
