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Property profile & analytics
OFF-MARKET
Warehouses

1505 Sagamore S Pkwy Lafayette, IN 47905-6530

4,678 SF 0.57 ac lot Built 1993
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0544540
Property summary
AI-generated overview

This exceptional commercial property, located at 1505 Sagamore Parkway South in Lafayette, Indiana, presents a rare investment or owner-occupant opportunity. The 4,678 square foot building sits on a 0.57-acre lot in a high-traffic area, boasting over 20,732 cars per day. Its prime location along Sagamore Parkway South places it near numerous businesses, including restaurants, dealerships, and national retailers like Starbucks, Dick's Sporting Goods, and McDonald's. The Tippecanoe Mall is less than a mile away. Built in 1993, the property features a retail showroom, two private offices, a restroom, and a heated warehouse area with an overhead door. The showroom, offices, and restroom are climate-controlled, with HVAC systems approximately two years old and a recently installed water heater (approximately one month old). The property is zoned General Business and offers excellent visibility, making it ideal for a variety of uses. This is a unique chance to acquire a flex building with strong retail presence in a thriving Lafayette location. The property's high visibility and convenient location ensure significant business potential.

Property profile
Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1993
Construction WOOD
Total area 4,678 SF
Lot 0.57 ac (24,829 SF)
APN 79-07-34-200-002.000-004
UPID US31-0544540
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
  • Carpet Warehouse Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jiro LLC · 1 yrs held
Jiro LLC
since 2024
Last sale
$595,000
2 recorded transactions
2024
$595,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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