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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Individual retail properties
3001 Creasy Ln Lafayette, IN 47905-5206
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US31-2701195
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2017
Construction
TYPE NOT SPECIFIED
Total area
131,753 SF
Lot
13.45 ac (585,882 SF)
APN
79-11-02-126-008.000-037
UPID
US31-2701195
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
-
Franciscan Physician Network Primary Care & Sports Medicine Lafayette Physician
-
Junior Achievement Charitable Organization Social Service Agency
-
Franciscan Physician Network Neurosurgery & Pain Specialists Physician
-
Franciscan Health Massage Therapy Lafayette Alternative Medicine Practice Spa & Massage Center
-
Andrew Koivuniemi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
City Of Lafayette · 9 yrs held
City Of Lafayette
since 2017
5 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
by Request
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$5 / 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
$126
Tax year 2023
Assessed value
$11,958,800
Assessed 2023
Previous assessed
$11,958,800
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,724,300
Assessed improvement
$10,234,500
Land market value
$1,724,300
Improvement market value
$10,234,500
Total market value
$11,958,800
Applied tax rate
37.0000
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
2017
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
131,753 SF
Lot
13.45 ac (585,882 SF)
APN
79-11-02-126-008.000-037
UPID
US31-2701195
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
Building & site characteristics
From public records
Year built
2017
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
13.45 ac
Current owner
From public records · entity-resolved
City Of Lafayette
Entity
Mailing address
3001 S CREASY LN, LAFAYETTE, IN 47905-5206
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
—
Lafayette Ymca Support Corp
—
Deed
related
$4,200,000 · Old National Bank
Jun 26, 2017
—
City Of Lafayette
Lafayette Ymca Support Corp
Quit Claim Deed
—
Jun 25, 2017
—
Lafayette Ymca Support Corp
Community Ents Properties LLC
Warranty Deed
related
—
Jun 4, 2012
—
Thomas J Santefort
Santefort Van Der Noord LLC
Quit Claim Deed
—
—
—
Community Ents Properties LLC
—
Deed Of Trust
related
$6,000,000 · Old National Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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