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Property profile & analytics
OFF-MARKET
Commercial land
3039 Teal Rd Lafayette, IN 47905-2234
Entity Owned
20-yr Hold
Free & Clear
Property ID
US31-3508124
Property summary
AI-generated overview
This exceptional 1-acre commercial lot, located at 3039 Teal Rd, Lafayette, IN 47905 (APN: 79-07-34-327-001.000-005), presents a unique opportunity for development. Zoned GB, this property boasts excellent visibility and accessibility on Teal Road, a recently renovated thoroughfare. The 100' x 435' lot is ideal for a variety of commercial uses, making it perfect for restaurants or retail establishments. Its prime location offers proximity to major employers, ensuring a strong customer base. The surrounding area features high-quality neighboring businesses, creating a desirable and thriving commercial environment. The asking price for this ready-to-develop land is $449,000, representing a compelling value for its size, location, and potential. This vacant land offers a blank canvas for your next commercial venture, promising significant return on investment. Don't miss this chance to secure a prominent location in a rapidly growing area. Act now to capitalize on this exceptional opportunity.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.1 ac (47,916 SF)
APN
79-07-34-327-001.000-005
UPID
US31-3508124
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Speedway Superamerica LLC · 20 yrs held
Speedway Superamerica LLC
since 2006
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,485
Tax year 2023
Assessed value
$141,000
Assessed 2023
Previous assessed
$141,000
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$141,000
Land market value
$141,000
Total market value
$141,000
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.1 ac (47,916 SF)
APN
79-07-34-327-001.000-005
UPID
US31-3508124
Jurisdiction
TIPPECANOE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Speedway Superamerica LLC
Entity
Free & Clear · 20 yrs held
Mailing address
539 S MAIN ST, FINDLAY, OH 45840-3229
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2006
—
Speedway Superamerica LLC
Barley,thomas R
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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