Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2273 Aviation Dr West Lafayette, IN 47906

    • Warehouses
    • 1,440 SF
    • 129.54 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0681953
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 2273 Aviation Dr

    Year built
    1960
    Construction
    WOOD
    Lot size
    129.54 lot acres
    Property size
    1,440 SF
    Property type
    Warehouses
    APN
    79-06-26-400-001.000-029
    APU
    790626400001000029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.9473
    Latitude
    40.4076
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      960 SF

      2600 Klondike Rd

      WAREHOUSE, STORAGE • 960 SF
      2600 Klondike Rd, West Lafayette, IN 47906-5203
      View Details
    • Value Estimation
      $570,000
      8,256 SF

      4521 Us Hwy 52nd W

      STORAGE YARD, OPEN STORAGE • 8,256 SF
      4521 Us Hwy 52nd W, West Lafayette, IN 47906-9286
      View Details
    • Value Estimation
      $900,000
      36,000 SF

      3242 250th N

      STORAGE YARD, OPEN STORAGE • 36,000 SF
      3242 250th N, West Lafayette, IN 47906-5145
      View Details
    • Value Estimation by Request
      648 SF

      50 Nn St

      STORAGE YARD, OPEN STORAGE • 648 SF
      50 Nn St, West Lafayette, IN 47906
      View Details
    • Value Estimation by Request
      2,550 SF

      3630 650th W

      MINI-WAREHOUSE, STORAGE • 2,550 SF
      3630 650th W, West Lafayette, IN 47906-9212
      View Details
    • Value Estimation
      $890,000
      34,240 SF

      4750 Swisher Rd

      WAREHOUSE, STORAGE • 34,240 SF
      4750 Swisher Rd, West Lafayette, IN 47906-9782
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      408.77 Acres

      Generational Development Opportunity

      408 Acres, Prime Indiana Land
      50 North St, Battle Ground, IN 47906
      View Details
    • $165,000
      2.36 Acres

      West Lafayette Agricultural Land Opportunity

      2.36-acre lot near Purdue, ideal for homestead or mini-farm.
      3050 Hl Vly Way, West Lafayette, IN 47906
      View Details
    • $165,000
      2.36 Acres

      West Lafayette Agricultural Land Opportunity

      2.36-acre buildable lot near Purdue University and I-65.
      3150 Hl Vly Way, West Lafayette, IN 47906
      View Details
    • Contact for pricing

      Land Parcels Near Interstate 65

      1.18-2.68 AC parcels near I-65 and Purdue University.
      2089 Northgate Dr, West Lafayette, IN 47906
      View Details
    • $165,000
      2.36 Acres

      West Lafayette Agricultural Land Opportunity

      2.36-acre buildable lot near Purdue University and I-65.
      3100 Hl Vly Way, West Lafayette, IN 47906
      View Details
    • $105,000
      0.22 Acres

      Residential Lot in West Lafayette

      0.222-acre residential lot in Three Meadows subdivision, West Lafayette.
      1949 Mud Crk Ct, West Lafayette, IN 47906
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,662 SF

      Vistech Building: West Lafayette Office

      Executive Suites & R&D Space Available
      1435 Win Hentschel Blvd, West Lafayette, IN 47906
      View Details
    • $6 SF/Yr
      18,171 SF

      Purdue Research Park Flex Space

      Flexible space in Purdue Research Park with ample parking.
      1201 Cumberland Ave, West Lafayette, IN 47906
      View Details
    • Contact for pricing
      24,845 SF

      West Lafayette Flex/Industrial Space

      24,845 SF flex/industrial space available for lease.
      2701 Kent Ave, West Lafayette, IN 47906
      View Details
    • Contact for pricing
      756 SF

      West Lafayette Meijer Retail Space

      756 sq ft In-Store Retail, High Traffic
      2636 Sagamore Pkwy, West Lafayette, IN 47906
      View Details
    • $28 SF/Yr
      2,606 SF

      Retail, Restaurant, Office Space Available

      Mixed-use development near Purdue University with high visibility.
      111 S Salisbury St, West Lafayette, IN 47906
      View Details
    • $10 SF/Yr
      6,400 SF

      West Lafayette Office Space Available

      Move-in ready office space with flexible configuration in West Lafayette.
      2785 Klondike Rd, West Lafayette, IN 47906
      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.
    2273 Aviation Dr
    West Lafayette, IN 47906
    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

    Google sign-in failed. Please try again or use another login method.