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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Strip malls
2405 Earl Ave Lafayette, IN 47905-2257
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-0096600
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
WOOD
Total area
12,000 SF
Lot
1.09 ac (47,568 SF)
APN
79-07-33-228-002.000-004
UPID
US31-0096600
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
-
Blue Moon Comic Strikes Back (Bike/Boat/Book/etc) Store Newspaper & Magazine
-
Utilicomm South Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
True Dream Properties LLC · 2 yrs held
True Dream Properties LLC
since 2024
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+206.3%
Auto repair, garage
$885,000
+139.1%
Apartment house (5+ units)
$880,000
+137.6%
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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,130,000
Change: +206% · Conversion: Difficult
AUTO REPAIR, GARAGE
$885,000
Change: +139% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$880,000
Change: +138% · Conversion: Difficult
RETAIL STORES
$775,000
Change: +110% · Conversion: Easy
COMMERCIAL (GENERAL)
$625,000
Change: +69% · Conversion: Easy
MEDICAL BUILDING
$560,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Jan 11 2024)
Last sale anchor
$750k
Jan 11 2024
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
$63 / 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
$11,749
Tax year 2023
Assessed value
$494,700
Assessed 2023
Previous assessed
$494,700
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed improvement
$494,700
Improvement market value
$494,700
Total market value
$494,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Stories
1
Units
7
Total area
12,000 SF
Lot
1.09 ac (47,568 SF)
APN
79-07-33-228-002.000-004
UPID
US31-0096600
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
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$885,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$880,000
RETAIL STORES
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$625,000
MEDICAL BUILDING
Est. value
$560,000
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1986
Construction
WOOD
Heating
NONE
Stories
1
Units
7
Lot
1.09 ac
Current owner
From public records · entity-resolved
True Dream Properties LLC
Entity
Mailing address
6301 N 100TH E, LAFAYETTE, IN 47909
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2024
—
True Dream Properties LLC
South Earl Avenue LLC
Warranty Deed
$600,000 · Home National Bank
Jan 11, 2024
$750,000
True Dream Properties LLC
South Earl Avenue LLC
Warranty Deed
—
Apr 18, 2007
—
Ronald D Clark
Ronald J Rossiter
Warranty Deed
$382,297 · First Financial Bank NA
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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