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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office Spaces
130 Professional Ct Lafayette, IN 47905-5153
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-2739117
Property summary
AI-generated overview
This well-maintained, single-story office building in Lafayette, Indiana, offers 6,840 square feet of space and is available for sale or lease. The property features up to four separate suites, each with its own unique attributes. Suite A includes a reception area, bullpen, private office, restroom, and kitchenette. Suite B is adaptable, offering leasing options individually or in combination with Suite A or Suites C/D. Suites C and D are currently combined and are move-in ready, ideal for a medical office. The building boasts abundant natural light, attractive landscaping, and ample parking. Its convenient location in a quiet commercial subdivision off SR 38 East provides easy access to numerous amenities. Within a one-mile radius are various food establishments, retail options, including the Tippecanoe Mall, and Interstate 65 is just minutes away. Regional healthcare providers are also easily accessible. The asking price for this turnkey property is $725,000. The property is located at 130 Professional Court, Lafayette, IN 47905.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Construction
WOOD
Total area
6,668 SF
Lot
0.62 ac (26,833 SF)
APN
79-07-34-276-013.000-004
UPID
US31-2739117
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
Current use
Occupant on record · Public records
-
Neurology and Pain Management Physician
-
Jolynne Anderson Physician
-
Ineurology & Pain Management Medical Clinic
-
Tuckman Glenn MD Physician Medical Clinic
-
Julian Ungar-Sargon Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$510k
Owner & transaction history
Le Medic LLC · 1 yrs held
Le Medic LLC
since 2025
2 recorded transactions
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$455,000
Current use
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$76 / SF
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
$12,199
Tax year 2023
Assessed value
$513,000
Assessed 2023
Previous assessed
$513,000
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed improvement
$513,000
Improvement market value
$513,000
Total market value
$513,000
Applied tax rate
4.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,668 SF
Lot
0.62 ac (26,833 SF)
APN
79-07-34-276-013.000-004
UPID
US31-2739117
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$455,000
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Le Medic LLC
Entity
Mailing address
11650 OLIO RD STE #1000, FISHERS, IN 46037-7621
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$665,000
Le Medic LLC
Eagle Office Holdings LLC
Special Warranty Deed
$465,000 · Bmo Bank NA
May 15, 2019
—
Eagle Office Holdings LLC
Allen R Collicott
Warranty Deed
$542,400 · Farmers Bank
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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