Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1154 Creasy Ln Lafayette, IN 47905

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1154 Creasy Ln Lafayette, IN 47905

    View on Map
    • Retail properties & Spaces
    • 20,454 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wyatt Communication / Telecommunications Service
    • Powell Heating and Cooling / Hardware & Home Improvement / HVAC Service

    Property Details for 1154 Creasy Ln

    Property size
    20,454 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional commercial property, located at 1154 S Creasy Ln in Lafayette, Indiana, offers 1,920 square feet of versatile space ideal for a variety of businesses. The building, zoned GB, boasts a total of 20,454 square feet and features a multi-tenant configuration. This particular unit provides a practical layout with office space in the front and service space in the rear, perfect for businesses needing both client-facing and operational areas. An overhead door allows for easy access and loading/unloading. The property benefits from prominent signage opportunities, including signage above the space and free directory signage, ensuring high visibility and attracting potential customers. Situated in Tippecanoe County, with a 47905 zip code, this location offers convenient access to local amenities and transportation routes. The property is classified as both retail and office, making it suitable for a range of uses. This is a fantastic opportunity to secure a well-positioned, functional space in a thriving Lafayette commercial district. The property is ready for immediate occupancy. Inquire today for more details and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8392
    Latitude
    40.4007

    Comparable in this City

    • Value Estimation
      $11,635,000
      143,044 SF

      2415 Sagamore S Pkwy

      DEPARTMENT STORE • 143,044 SF
      2415 Sagamore S Pkwy, Lafayette, IN 47905-5124
      View Details
    • Value Estimation by Request
      250,506 SF

      2224-2500 Teal Rd

      Restaurants • 250,506 SF
      2224-2500 Teal Rd, Lafayette, IN 47905
      View Details
    • Value Estimation by Request
      4,500 SF

      3465 South St

      Individual retail properties • 4,500 SF
      3465 South St, Lafayette, IN 47905
      View Details
    • Value Estimation by Request
      43,000 SF

      823 Park Blvd

      Office properties & Spaces • 43,000 SF
      823 Park Blvd, Lafayette, IN 47905
      View Details
    • Value Estimation by Request
      56 SF

      10250 600th N

      OFFICE (GENERAL) • 56 SF
      10250 600th N, Lafayette, IN 47905-9665
      View Details
    • Value Estimation by Request
      6,808 SF

      Professional Ct

      OFFICE (GENERAL) • 6,808 SF
      Professional Ct, Lafayette, IN 47905
      View Details

    Similar Nearby for Sale

    • $11,400,000
      35,538 SF

      Class A Office Investment Opportunity

      Class A office building, global headquarters, long-term lease.
      3900 Mccarty Ln, Lafayette, IN 47905
      View Details
    • $1,375,000
      896 SF

      East Side Office Space Available

      Well-maintained office space for lease on Lafayette's East Side.
      30 Professional Ct, Lafayette, IN 47905
      View Details
    • $135,000
      2.00 Acres

      Residential Land in Secluded Lafayette

      Two-acre residential land parcel in a secluded Lafayette neighborhood.
      8165 Adams Rd, Lafayette, IN 47905
      View Details
    • $449,000

      Prime Lafayette Commercial Land

      Build Your Dream Business Here
      3039 Teal Rd, Lafayette, IN 47905
      View Details
    • $180,000

      Land For Sale Lafayette, IN

      Land available for sale in Lafayette, Indiana.
      10 S 550 E, Lafayette, IN 47905
      View Details
    • $449,000

      Teal Road Vacant Land

      Vacant land with high visibility, suitable for retail or restaurant.
      3039 Teal Rd, Lafayette, IN 47905
      View Details

    Similar Nearby for Lease

    • $3,300 /Mo
      5,900 SF

      Lafayette Commercial Facility for Lease

      1.25-acre commercial facility ideal for landscaping or agricultural use.
      2454 Old Us Highway 231 S, Lafayette, IN 47905
      View Details
    • Contact for pricing
      4,903 SF

      Office and Retail Space Available

      Office and retail space for lease near Lafayette's south side.
      2428 Glick St, Lafayette, IN 47905
      View Details
    • $14 SF/Yr
      2,500 SF

      Lafayette Office Space Available

      Office space for rent in Lafayette, Indiana, 2500 square feet.
      3721 Rome Dr, Lafayette, IN 47905
      View Details
    • Contact for pricing
      3,953 SF

      Office Space in Cascada Business Park

      Office space for lease in Lafayette's Cascada Business Park.
      940 Park East Blvd, Lafayette, IN 47905
      View Details
    • Contact for pricing
      1,576 SF

      Lafayette Office Space Available

      Office space available for lease in Lafayette, Indiana.
      2 Executive Dr, Lafayette, IN 47905
      View Details
    • $950 /Mo
      900 SF

      Office Space for Rent

      900 SF office space available for rent.
      1527 Kossuth St, Lafayette, IN 47905
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1154 Creasy Ln
    Lafayette, IN 47905
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1154 Creasy Ln, Lafayette, IN, 47905
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!