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

    2300 Sagamore S Pkwy Lafayette, IN 47905-5114

    • Retail space
    • 4,212 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Aug 22, 2024
    $825,000
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    5.1%
    Retail space
    Location Intelligence
    Property ID
    US31-0512772
    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

    • Baker Terry R OD / Physician
    • National Vision / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Eyeglass World / (Bike/Boat/Book/etc) Store

    Property Details for 2300 Sagamore S Pkwy

    Year built
    1983
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.43 lot acres
    Property size
    4,212 SF
    Property type
    Retail space
    APN
    79-07-34-401-009.000-005
    APU
    790734401009000005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $825,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $705,000
      6.5%
      $650,000
      7%
      $605,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8557
    Latitude
    40.3938
    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
    2023
    $12,877
    $0.00
    $522,700
    $522,700
    -
    $0.00
    $522,700
    $522,700

    Comparable in this City

    • Value Estimation by Request
      2,999 SF

      Canal Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,999 SF
      Canal Rd, Lafayette, IN 47905
      View Details
    • Value Estimation by Request
      2,052 SF

      1607 Kossuth St

      RETAIL STORES (PERSONAL SERVICES) • 2,052 SF
      1607 Kossuth St, Lafayette, IN 47905-1562
      View Details
    • Value Estimation
      $2,360,000
      27,146 SF

      2659 Maple Pt Dr

      RETAIL STORES (PERSONAL SERVICES) • 27,146 SF
      2659 Maple Pt Dr, Lafayette, IN 47905-5159
      View Details
    • Value Estimation by Request
      2,754 SF

      1202 4th St

      RETAIL STORES (PERSONAL SERVICES) • 2,754 SF
      1202 4th St, Lafayette, IN 47905-1758
      View Details
    • Value Estimation by Request
      3,310 SF

      1002 4th St

      RETAIL STORES (PERSONAL SERVICES) • 3,310 SF
      1002 4th St, Lafayette, IN 47905-1461
      View Details
    • Value Estimation
      $545,000
      4,950 SF

      11 Sagamore S Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 4,950 SF
      11 Sagamore S Pkwy, Lafayette, IN 47905-4746
      View Details

    Similar Nearby for Sale

    • $449,000

      Prime Lafayette Commercial Land

      Build Your Dream Business Here
      3039 Teal Rd, Lafayette, IN 47905
      View Details
    • $135,000
      2.00 Acres

      Residential Land in Secluded Lafayette

      Two-acre residential land parcel in a secluded Lafayette neighborhood.
      8165 Adams Rd, Lafayette, IN 47905
      View Details
    • $420,000
      Pending

      Lafayette Duplex with Pond View

      Fully rented duplex featuring pond views and spacious units.
      514-516 Fairington Ave, Lafayette, IN 47905
      View Details
    • $16,769,500

      Lafayette Shovel Ready Certified Site

      152.45-acre certified site with utilities in Lafayette, Indiana.
      Mccarty Ln, Lafayette, IN 47905
      View Details
    • $900,000

      Lafayette Industrial Land for Sale

      Industrial land in Lafayette's growing industrial sector, prime visibility.
      3550 Us Highway 52 S, Lafayette, IN 47905
      View Details
    • $449,000

      Teal Road Vacant Land

      Vacant land with high visibility, suitable for retail or restaurant.
      3039 Teal Rd, Lafayette, IN 47905
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Renovated Retail Space Available

      Recently renovated retail space near Purdue University.
      2513-2641 Maple Point Dr, Lafayette, IN 47905
      View Details
    • $3,500 /Mo
      1,960 SF

      Retail Space in Lafayette, IN

      Retail space available for lease in Lafayette, Indiana.
      418 Sagamore Pkwy S, Lafayette, IN 47905
      View Details
    • Contact for pricing
      1,149 SF

      Retail Space in Lafayette, IN

      Retail space available in established Lafayette shopping center.
      2000-2044 S 22Nd St, Lafayette, IN 47905
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space Near Purdue University

      Retail spaces available, shadow-anchored by Walmart near Purdue University.
      4315 Commerce Dr, Lafayette, IN 47905
      View Details
    • $18 SF/Yr
      1,952 SF

      Retail Space on Veterans Parkway

      Retail space with frontage on Veterans Memorial Parkway.
      1909 Veterans Memorial Pkwy S, Lafayette, IN 47905
      View Details
    • Contact for pricing
      1,715 SF

      Retail Space Near Purdue University

      Retail space available near Walmart and Purdue University.
      200-490 Commerce Dr, Lafayette, IN 47905
      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.
    2300 Sagamore S Pkwy
    Lafayette, IN 47905-5114
    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.