Climate-Controlled Manufacturing
For Sale
$415,000
7707 E 300 N, Lafayette, IN 47906
I2 Heavy Industrial zoning supports a broad range of manufacturing and industrial operations.
Property Size3,000 SF
Lot Size0.39 Acres
Price / SF$138.33
Days on Market333
Property Features for 7707 E 300 N
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.39 Acres
Zoning
I2
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$885
Building Details
Buildings
1
Building Size
3,000 SF
Listing Agency:
Raeco Realty
(765) 491-9496
Listed By:
Jason Conley · License #RB23001060
(765) 491-9496
Source:
Exprealty
Added: Oct 3, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:22AM
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 Raeco Realty
Investment Insights
Based on property information with market context.
Located at 7707 E 300 N in Lafayette, Indiana, this manufacturing property includes a 3,000-square-foot climate-controlled workshop on approximately 0.387 acres. The building provides a dedicated work environment for industrial operations and hands-on production activity.
The property carries I2 Heavy Industrial zoning, identified in the listing as Tippecanoe County’s most permissive industrial classification. The zoning supports uses such as manufacturing, warehousing, heavy machinery operation, and processing. Specialized tools and equipment estimated at $165,000 are also identified as part of the negotiation.
The property carries I2 Heavy Industrial zoning, identified in the listing as Tippecanoe County’s most permissive industrial classification. The zoning supports uses such as manufacturing, warehousing, heavy machinery operation, and processing. Specialized tools and equipment estimated at $165,000 are also identified as part of the negotiation.
Key Highlights
- 3,000‑square‑foot climate‑controlled workshop
- Approximately 0.387 acres in Tippecanoe County
- I2 Heavy Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,942
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$658,840
$658.8K
Cap Rate 7%
$470,600
$470.6K
Cap Rate 9%
$366,022
$366.0K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$56.9K $18.96/SF
− Vacancy
−$6.2K −$2.07/SF
EGI
$50.7K $16.89/SF
− OpEx
−$17.7K −$5.91/SF
NOI
$32.9K $10.98/SF
Area
Tippecanoe County, IN
Vacancy
10.90%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$658,840
Cap Rate 7%
$470,600
Cap Rate 9%
$366,022
Alternative Uses
Best Use
Flex RnD
$470.6K
$411.8K – $549.0K
NOI $32,942 @ 7.0% cap · market cap 7.94%
Second Best
Industrial
$223.5K
$195.5K – $260.7K
NOI $15,643 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$692.6K
$606.0K – $808.1K
NOI $48,483 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 47906, IN
73,579
Population
28,658
Households
2.6
Avg Household Size
26
Median Age
62%
College-Educated
96%
High-School Grad
133.6 sq mi
ZIP Area
551
Density / Sq Mi
$51,736
Median Household Income
$18,528
Median Earnings
$1,157
Median Rent
$280,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - I2 Heavy Industrial zoning supports a broad range of manufacturing and industrial operations.
Where is this manufacturing property located?
The property is located at 7707 E 300 N Lafayette, IN.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 3,000‑square‑foot climate‑controlled workshop; Approximately 0.387 acres in Tippecanoe County; I2 Heavy Industrial zoning
