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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Individual retail properties
2666 Schuyler Ave Lafayette, IN 47905-3977
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-0217691
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2015
Construction
WOOD
Total area
39,918 SF
Lot
5.44 ac (236,879 SF)
APN
79-07-10-804-026.000-003
UPID
US31-0217691
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
M3d Property Management LLC · 5 yrs held
M3d Property Management LLC
since 2021
Last sale
$3.0M
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
Method
Estimation
Statistic approach
$2,975,000
ML approach
$2,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,765,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,940,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,920,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,575,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,080,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,865,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±10% · vs last sale $2.96M (May 28 2021)
Last sale anchor
$2.96M
May 28 2021
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
$74 / 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
$40,639
Tax year 2023
Assessed value
$2,810,800
Assessed 2023
Previous assessed
$2,810,800
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$599,200
Assessed improvement
$2,211,600
Land market value
$599,200
Improvement market value
$2,211,600
Total market value
$2,810,800
Applied tax rate
3.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
39,918 SF
Lot
5.44 ac (236,879 SF)
APN
79-07-10-804-026.000-003
UPID
US31-0217691
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
$3.8M
AUTO REPAIR, GARAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
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
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
5.44 ac
Current owner
From public records · entity-resolved
M3d Property Management LLC
Entity
Mailing address
2409 FARMINGTON PL, LAFAYETTE, IN 47905-7649
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
—
M3d Property Management LLC
—
Deed
related
$285,000 · Legado Development Group LLC
May 28, 2021
—
M3d Property Management LLC
Legado Dev Group LLC
Warranty Deed
$1,480,000 · State Bk
May 28, 2021
$2,960,000
M3d Property Management LLC
Legado Developments Group LLC
Warranty Deed
$285,000 · Legado Development Group LLC
Dec 11, 2015
—
Legado Dev Group LLC
—
Trustees Deed
related
$1,352,000 · Old Nat'l Bk
Nov 10, 2015
—
Legado Dev Group LLC
Legado Dev Group LLC
Quit Claim Deed
related
—
Jan 4, 2013
—
Legado Dev Group LLC
Fox Real Estate Corp
Warranty Deed
$303,750 · Centier Bank
Dec 21, 2010
—
Fox Real Estate Corp
Huffman,philip D
Warranty Deed
—
Apr 5, 2010
—
Philip D Huffman
Schumaker,daniel A & Judith D
Warranty Deed
—
—
—
Legado Dev Group LLC
—
Loan Modification
related
$2,772,400 · 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.
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