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    Turn-Key Pizzeria Opportunity Title is generated by Realmo AI

    399 Clark St, Lowell, IN 46356

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    For Sale
    $329,900

    Fully equipped pizzeria for sale in Lowell, Indiana.

    Property size:
    486 SF
    Price / SF:
    $678/SF
    Added:
    Apr 15, 2026
    Days on Market:
    46
    Last Refresh:
    May 27 at 1:49 pm

    Property Features for 399 Clark St

    General Information

    Standard status
    Active
    Size
    486 SF

    We can help!

    Listing Contact
    David Taylor
    David Taylor

    Listing agent David Taylor License #RB14023719

    Listing office McColly Real Estate

    Listing date Apr 15, 2026

    Source Exprealty

    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 McColly Real Estate

    HighLights

    • Fully equipped, turn‑key pizzeria including land and building.
    • Established business with 17 years of goodwill and the Faustinos name.
    • Includes all recipes, commercial‑grade kitchen equipment, POS software, customer database, and inventory.
    • Prime location in the heart of Lowell.
    • Efficiently designed space for ordering, prep, and smooth kitchen operations.
    • Suited for a thriving carryout concept.

    Overview

    This is a turn-key, fully equipped pizzeria located in Lowell, Indiana. The sale includes the land and building, the Faustinos name with 17 years of goodwill, all recipes, commercial-grade kitchen equipment, POS transaction software, a customer database, and inventory. The 486 square foot space is designed with a front-of-house area for ordering and prep, plus a back-of-house kitchen. The property is suited for a carryout concept and is ready to operate.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Lake
    State
    Indiana
    Longitude
    -87.4207597
    Latitude
    41.2970309

    Nearby Similar for Sale

    • $600,000
      3,566 SF

      Turnkey Veterinary Clinic Opportunity

      Equipped 3,500sf facility on State Road 2 in Lowell, IN.
      1642 E Commercial Avenue, Lowell, IN 46356
      View Details
    • $329,900
      486 SF

      Turn-key Pizzeria in Lowell, Indiana

      Fully equipped pizzeria with established goodwill and customer base.
      399 Clark Street, Lowell, IN 46356
      View Details
    • $295,000

      Mixed-Use Property in Lowell, Indiana

      Retail, office, and residential units in a vibrant suburban setting.
      112-116 Halstead, Lowell, IN 46356
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Fully equipped pizzeria for sale in Lowell, Indiana.
    Where is this conventional restaurant located?
    The property is located at 399 Clark St Lowell, IN.
    What is the asking price?
    The asking price for this property is $329,900.
    What are key features of this property?
    This property features: Fully equipped, turn‑key pizzeria including land and building.; Established business with 17 years of goodwill and the Faustinos name.; Includes all recipes, commercial‑grade kitchen equipment, POS software, customer database, and inventory.
    (219) 306-7812
    We can help!
    Listing Contact
    David Taylor
    David Taylor
    Real Estate License ID: RB14023719
    Learn More
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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.

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