Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    130 Professional Ct Lafayette, IN 47905-5153
    Back to Search
    Property profile & analytics

    130 Professional Ct, Lafayette, IN 47905-5153

    View on Map
    • Office Spaces
    • 6,668 SF
    • 0.62 lot acres
    Off-Market
    Last Sale Oct 15, 2024
    Property ID
    US31-2739117
    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.
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 130 Professional Ct

    Year built
    1996
    Construction
    WOOD
    Lot size
    0.62 lot acres
    Property type
    Office Spaces
    APN
    79-07-34-276-013.000-004
    APU
    790734276013000004

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $553,000
      Market price range: $357k - $698k
      AI Estimate
      $422,000
      Market price range: $201k - $571k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $455,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8484
    Latitude
    40.398
    CBSA code
    29200
    CBSA name
    LAFAYETTE-WEST LAFAYETTE, 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
    $12,199
    $0.00
    $513,000
    $513,000
    -
    $0.00
    $513,000
    $513,000

    Comparable in this City

    • Value Estimation
      $1,080,000
      10,514 SF

      4801 Tazer Dr

      OFFICE (GENERAL)
      4801 Tazer Dr, Lafayette, IN 47905-4697
      View Details
    • Value Estimation
      $5,700,000
      65,474 SF

      5572 Mercy Way

      OFFICE (GENERAL)
      5572 Mercy Way, Lafayette, IN 47905-8761
      View Details
    • Value Estimation
      $6,290,000
      61,291 SF

      3700 Rome Dr

      OFFICE (GENERAL)
      3700 Rome Dr, Lafayette, IN 47905-4489
      View Details
    • Value Estimation by Request
      854 SF

      216 Ellsworth St

      OFFICE (GENERAL)
      216 Ellsworth St, Lafayette, IN 47905-1026
      View Details
    • Value Estimation by Request
      56 SF

      7250 400th N

      OFFICE (GENERAL)
      7250 400th N, Lafayette, IN 47905-9779
      View Details
    • Value Estimation by Request
      6,808 SF

      Professional Ct

      OFFICE (GENERAL)
      Professional Ct, Lafayette, IN 47905
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • Contact for pricing
      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
    • Contact for pricing
      3,056 SF

      Office Building with Private Offices

      Office building featuring private offices, reception area, and storage.
      1915 Everett St, Lafayette, IN 47905
      View Details
    • $434,900
      4,094 SF

      Lafayette Fiveplex in Historic Neighborhood

      Fully rented five-unit property in a desirable, historic location.
      115 S 9Th St, Lafayette, IN 47905
      View Details
    • Contact for pricing

      Prime Industrial Land Available

      11-acre industrial land with easy access to major highways.
      5035 E 400 S, Lafayette, IN 47905
      View Details
    • Contact for pricing
      201,500 SF

      Lafayette Industrial Building Available

      Industrial building available for lease or sale in Lafayette, Indiana.
      5733 State Rte 38, Lafayette, IN 47905
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,956 SF

      Ortho Clinic Space For Lease

      10,956 SF Ortho Clinic Space For Lease
      1411 S Creasy Ln, 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
      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
      2,714 SF

      Lafayette Office Space For Rent

      Office space in thriving Lafayette business park, near hospitals.
      955 Mezzanine Dr, Lafayette, IN 47905
      View Details
    • Contact for pricing
      2,080 SF

      Professional Office Space for Lease

      2080 SF office space near Tippecanoe Mall.
      200 Professional Ct, Lafayette, IN 47905
      View Details
    • Contact for pricing
      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.
    130 Professional Ct
    Lafayette, IN 47905-5153
    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
    130 Professional Ct, 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!