Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8645 In-26 West Lafayette, IN 47906
    Property profile & analytics

    8645 In-26, West Lafayette, IN 47906

    View on Map
    • Mixed-use properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 8645 In-26

    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This unique sealed-bid auction presents a rare opportunity to acquire a substantial 60+/- acre property in West Lafayette, Indiana. Located at 8645 IN-26, Tippecanoe County, this mixed-use property offers a diverse range of possibilities for investors and developers. The land includes approximately 38.8 FSA tillable acres, ideal for agricultural pursuits, complemented by mature timber providing additional value and aesthetic appeal. The property also features a comfortable 3-bedroom, 1-bathroom home with a full basement, offering approximately 1,232 square feet of living space. Several outbuildings are also included, providing ample storage or potential for expansion. The property's convenient location, minutes from Purdue University and the Aerospace Park, offers significant development potential. Consider the possibilities of creating multiple homesites or estate lots, capitalizing on the desirable location and proximity to Purdue University. The property boasts SR 26 road frontage, ensuring excellent accessibility. Sealed bids are due by 12 PM EST on November 21, 2024. Don't miss this one-time chance to acquire this versatile and strategically located property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -87.0678
    Latitude
    40.4451

    Comparable in this City

    • Value Estimation by Request
      408.77 Acres

      50 North St

      Multifamily properties
      50 North St, Battle Ground, IN 47906
      View Details
    • Value Estimation by Request
      1.00 Acre

      Nwc Sagamore Pkwy & Cumberland Ave

      Land
      0 Nwc Sagamore Pkwy & Cumberland Ave, West Lafayette, IN 47906
      View Details
    • Value Estimation by Request

      SR 43 Nec Of Interstate 65 & Riv Rd

      Land
      SR 43 Nec Of Interstate 65 & Riv Rd, West Lafayette, IN 47906
      View Details
    • Value Estimation by Request

      101 State St

      Lifestyle centers
      101 State St, West Lafayette, IN 47906
      View Details
    • Value Estimation by Request

      237 State St

      Lifestyle centers
      237 State St, West Lafayette, IN 47906
      View Details
    • Value Estimation by Request
      2,560 SF

      105 Lorene Pl

      APARTMENT HOUSE (UNDER 5 UNITS)
      105 Lorene Pl, West Lafayette, IN 47906-8728
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      West Lafayette Fourplexes Portfolio

      12-unit multifamily portfolio in high-growth West Lafayette, Indiana.
      2801 Horizon Dr, West Lafayette, IN 47906
      View Details
    • $850,000

      West Lafayette Multifamily Investment Property

      Fully rented 6-unit building near Purdue University.
      3538 Bethel Dr, West Lafayette, IN 47906
      View Details
    • $105,000
      0.22 Acres

      Residential Lot in West Lafayette

      0.222-acre residential lot in Three Meadows subdivision.
      1949 Mud Crk Ct, West Lafayette, IN 47906
      View Details
    • $155,000
      2.36 Acres

      Buildable Lot Near Purdue University

      2.36-acre lot near West Lafayette and Purdue University.
      3100 Hl Vly Way, West Lafayette, IN 47906
      View Details
    • Contact for pricing

      Development Ready Land Parcels

      Three land parcels available near Purdue University and Walmart.
      Us52 W, West Lafayette, IN 47906
      View Details
    • Contact for pricing

      Land Parcels Near Interstate 65

      1.18-2.68 AC parcels near I-65 and Purdue University.
      2089 Northgate Dr, West Lafayette, IN 47906
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development Near Purdue University

      Retail, restaurant, and office spaces in prime location.
      111 S Salisbury St, West Lafayette, IN 47906
      View Details
    • $20 SF/Yr
      12,912 SF

      Plaza West Retail Space - West Lafayette

      Prime Retail/Office, 12,912 SF Available
      1110 Sagamore Pkwy, West Lafayette, IN 47906
      View Details
    • Contact for pricing
      900 SF

      West Lafayette Office/Special Use Space

      900 SF space suitable for office or special use.
      2491 Sycamore Ln, West Lafayette, IN 47906
      View Details
    • Contact for pricing
      1,868 SF

      Serviced Office Space Available

      Office suites for rent with flexible lease terms.
      1330 Win Hentschel Blvd, West Lafayette, IN 47906
      View Details
    • Contact for pricing
      1,281 SF

      West Lafayette Office Space Available

      Office space for rent in West Lafayette, Indiana.
      1231 Cumberland Ave, West Lafayette, IN 47906
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office space in mixed-use development with parking.
      135 S Chauncey Ave, West Lafayette, IN 47906
      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.
    8645 In-26
    West Lafayette, IN 47906
    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
    8645 In-26, West Lafayette, IN, 47906
    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!