Property profile

201 Farabee S Dr Lafayette, IN 47905

OFF-MARKET
Auto shops
Property ID
US31-0935374
6,548 SF 0.69 ac lot Built 1971
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.38-acre industrial property in Lafayette, Indiana, presents a compelling investment opportunity. Strategically located on Farabee Drive within Lafayette's thriving industrial zone, this site offers unparalleled access to I-65 (2.5 miles) and nearby commercial centers. The property boasts two existing buildings: a 6,548 square foot block construction building and a 2,544 square foot steel construction building, providing a combined 9,092 square feet of versatile industrial space. The flexible nature of the space allows for a variety of uses, catering to diverse business needs. Further enhancing its appeal, an additional 0.69 acres of undeveloped land offers significant potential for expansion, allowing for new construction, increased storage capacity, or other business-related developments. This prime location on Lafayette's Farabee Drive industrial corridor ensures high visibility and accessibility, making it an ideal choice for businesses seeking growth and strategic positioning within a dynamic industrial market. The property is zoned for industrial use and is priced at $699,000. The 47905 zip code provides easy access to a skilled workforce and essential amenities. This is a rare opportunity to acquire a well-situated, expandable industrial property in a high-demand location.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1971
Construction TYPE NOT SPECIFIED
Total area 6,548 SF
Lot 0.69 ac (29,926 SF)
APN 79-07-27-227-001.000-004
UPID US31-0935374

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Auto Repair Shop
  • Landscaping General Contractor

Location

201 Farabee S Dr Lafayette, IN 47905-4706
Lafayette metro Census 1800 LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2025
2 recorded transactions
2025
$425,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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