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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office Spaces
25 Executive Dr Lafayette, IN 47905-3834
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-0614191
Property summary
AI-generated overview
This 790-square-foot traditional office suite is located at 25 Executive Drive in Lafayette, Indiana, 47905. The single-tenant space is situated in a two-story building constructed in 1994 and sits on 1.02 acres of land. The property features 17 total parking spaces, providing ample parking for employees and clients. The suite is conveniently located on Executive Drive, just off State Road 26 near Creasy Lane, offering easy access to Lafayette's major employers. Its proximity to Interstate 65 (within one mile) ensures convenient commuting for employees and clients. The building boasts shared restroom facilities conveniently located for all office occupants. The property is zoned for General Business (GB) use, as indicated by APN 79-07-23-376-020.000-004 in Tippecanoe County. This is a fantastic opportunity for a business seeking a well-located, functional office space in a thriving area. The suite is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Construction
WOOD
Total area
11,600 SF
Lot
0.66 ac (28,880 SF)
APN
79-07-23-376-020.000-004
UPID
US31-0614191
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
-
Christiansen Counseling Services Counselor
-
Adecco Employment Agency
-
Thrivent Financial Financial Advisor
-
Cindy Ringer - Thrivent Financial Advisor
-
Spectrum Community Services Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$850k
Owner & transaction history
Calloway Properties INC · 1 yrs held
Calloway Properties INC
since 2024
1 recorded transaction
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$790,000
Current use
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
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
$73 / 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
$22,042
Tax year 2023
Assessed value
$928,100
Assessed 2023
Previous assessed
$928,100
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed improvement
$928,100
Improvement market value
$928,100
Total market value
$928,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
NONE
Stories
2
Total area
11,600 SF
Lot
0.66 ac (28,880 SF)
APN
79-07-23-376-020.000-004
UPID
US31-0614191
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
COMMERCIAL (GENERAL) Current
Est. value
$790,000
COMMERCIAL (GENERAL) Current
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
1994
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Calloway Properties INC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 609, LAFAYETTE, IN 47902-0609
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
—
Calloway Properties INC
Calloway Limited Partnership
Warranty Deed
—
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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