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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Medical Office Space
2 Walter Scholer Dr Lafayette, IN 47909-6382
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0591139
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
WOOD
Total area
5,868 SF
Lot
1 ac (43,560 SF)
APN
79-11-06-278-001.000-033
UPID
US31-0591139
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
-
Dr. Jerry Preuss, DDS Dental Office
-
Kimberly Rogers, NP Physician
-
Dr. David L. Mitchell-Flynn, MD Physician
-
Century 21 The Lueken Group Real Estate Agency
-
Better Life Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$384k
Blend (final)
Blend
$530k
Owner & transaction history
Arbor Dental Re LLC · 4 yrs held
Arbor Dental Re LLC
since 2021
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$600,000
+67.8%
Auto repair, garage
$480,000
+34.4%
Retail stores
$455,000
+27.3%
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
$545,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$360,000
Current use
RESTAURANT
$600,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$480,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$455,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$430,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$415,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $540k (Aug 2 2021)
Last sale anchor
$540k
Aug 2 2021
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
$90 / 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
$14,131
Tax year 2023
Assessed value
$574,100
Assessed 2023
Previous assessed
$574,100
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed improvement
$574,100
Improvement market value
$574,100
Total market value
$574,100
Applied tax rate
33.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
5,868 SF
Lot
1 ac (43,560 SF)
APN
79-11-06-278-001.000-033
UPID
US31-0591139
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
MEDICAL BUILDING Current
Est. value
$360,000
RESTAURANT
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$480,000
RETAIL STORES
Est. value
$455,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$430,000
COMMERCIAL (GENERAL)
Est. value
$415,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1989
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
Arbor Dental Re LLC
Entity
Mailing address
8134 BEL MOORE BLVD, INDIANAPOLIS, IN 46259-9786
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
$540,000
Arbor Dental Re LLC
J P & D INC
Warranty Deed
$54,000 · Horizon Bank NA
Sep 1, 2017
—
Jp & D INC
—
Deed
related
$235,621 · Jerry Preuss
—
—
Jp & D INC
—
Deed Of Trust
related
$25,000 · Regions Bank
—
—
J P & D INC
—
Deed Of Trust
related
$25,000 · Regions Bank
—
—
Jp & D INC
—
Deed Of Trust
related
$40,386 · Jerry & Meri E Preuss
—
—
Jp & D INC
—
Deed Of Trust
related
$320,000 · Old National Bank
—
—
Jp & D INC
—
Deed Of Trust
related
$235,621 · Jerry Preuss
—
—
Jp & D INC
—
Deed Of Trust
related
$22,000 · Regions 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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