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    4954 Lafayette Rd Indianapolis, IN 46254

    • Commercial land
    • 1,575 SF
    • 0.74 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US31-3213915
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Property Damage Appraisers Inc / Appraiser

    Property Details for 4954 Lafayette Rd

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.74 lot acres
    Property size
    1,575 SF
    Zone code
    ZO01
    Property type
    Commercial land
    APN
    49-05-12-129-027.000-600
    APU
    490512129027000600

    Description

    This exceptional 0.74-acre commercial land parcel presents a unique investment opportunity in Indianapolis, Indiana. Located at 4954 Lafayette Road, this property boasts convenient access to a busy thoroughfare, offering excellent visibility and high traffic counts. The site is zoned C3 commercial, ensuring a wide range of development possibilities. All utilities are readily available on-site, simplifying the development process. A significant advantage is the existing easement agreement with an adjacent strip center, granting valuable drive-thru access for future businesses. This feature significantly enhances the property's appeal and potential for various commercial ventures. Furthermore, pylon signage opportunities are available at the highly visible corner of Lafayette Road and the I-65 on-ramp, providing exceptional branding potential. The property's proximity to Centre West, a Walmart-anchored shopping center, further underscores its strategic location within a thriving commercial area. This location offers immediate access to a substantial customer base and significant foot traffic. This parcel is ideal for developers seeking a well-situated site with excellent access and visibility in a high-growth area of Indianapolis, within Marion County, zip code 46254.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2545
    Latitude
    39.8433
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,348
    $186,400
    $0.00
    $186,400
    -
    $186,400
    $0.00
    $186,400

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    4954 Lafayette Rd
    Indianapolis, IN 46254
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    Realmo Value Estimation

    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.

    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.

    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
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