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Property profile & analytics
FOR LEASE
Banks
201 Main St Lafayette, IN 47901
Trust Owned
6-yr Hold
Free & Clear
Property ID
US31-0932685
For Lease
1 / 2
Contact for pricing
201 Main St, Lafayette, IN 47901
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Lot
0.03 ac (1,263 SF)
APN
79-07-20-456-017.000-004
UPID
US31-0932685
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
-
Chase Mortgage Loan Service Bank
-
Chase Bank Bank Loan Service
-
ARCEM Solutions Tech Support Center IT Consulting Firm
-
Cardwell, King, and Downey Wealth Management of Raymond James Financial Advisor
-
Club America Air Conditioning & Heating HVAC Service General Contractor
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
Morris Living Trust · 6 yrs held
Morris Living Trust
since 2020
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$741
Tax year 2023
Assessed value
$31,200
Assessed 2023
Previous assessed
$31,200
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$31,200
Land market value
$31,200
Total market value
$31,200
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Heating
NONE
Lot
0.03 ac (1,263 SF)
APN
79-07-20-456-017.000-004
UPID
US31-0932685
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.03 ac
Current owner
From public records · entity-resolved
Morris Living Trust
Trust
Free & Clear · 6 yrs held
Mailing address
4097 WINDSOR PARK DR E, JACKSONVILLE, FL 32224-2291
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2020
—
Morris Living Trust
Ralph L Morris
Quit Claim Deed
related
—
Dec 27, 2019
—
Bank Tower LLC
—
Loan Modification
related
$6,127,000 · Centier Bk
Apr 25, 2018
—
Bank Tower LLC
—
Loan Modification
related
$9,686,236 · Centier Bk
Apr 6, 2017
—
Bank Tower LLC
—
Deed
related
$4,500,000 · Centier Bk
Feb 8, 2017
—
Bank Tower LLC
—
Deed
related
$4,750,000 · Centier Bk
Jan 25, 2016
—
Bank Tower LLC
—
Trustees Deed
related
$4,500,000 · Centier Bk
Dec 16, 2013
—
Ralph L Morris
Applebaum,elizabeth G M
Warranty Deed
—
Jan 21, 2011
—
First Merchants Trusto Co
Morris Ralph L
Grant Deed
related
—
—
—
Wexford Dev LLC
—
Deed Of Trust
related
$500,000 · Purdue FCU
—
—
Bank Tower LLC
—
Loan Modification
related
$4,750,000 · Centier Bk
—
—
Bank Tower LLC
—
Loan Modification
related
$9,500,000 · Centier Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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