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    Property profile & analytics

    3059 Teal Rd Lafayette, IN 47905-2234

    • Outlet malls
    • 6,686 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimation
    $1,365,000
    Last Sale
    Jul 19, 2021
    $1,361,000
    Location Intelligence
    Property ID
    US31-0066477
    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

    • Advance Auto Parts / Tool Rental Service / Truck Accessories Store
    • UPS Access Point location / Shipping And Mailing Service / Mailing Service

    Property Details for 3059 Teal Rd

    Year built
    2000
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.85 lot acres
    Property size
    6,686 SF
    Property type
    Outlet malls
    APN
    79-07-34-327-010.000-005
    APU
    790734327010000005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,485,000
      6.5%
      $1,520,000
      7%
      $1,465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,315,000
      Geo Method
      $1,505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,155,000
      Retail
      $1,240,000
      Mixed-Use
      $1,110,000
      Hospitality
      $1,255,000
      Educational
      $1,350,000
      Residential Income
      $1,260,000
      Energy
      $1,430,000
      Income-Based Land
      $1,135,000
      Food Service
      $1,470,000

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.861
    Latitude
    40.3951
    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
    $20,648
    $0.00
    $838,500
    $838,500
    -
    $0.00
    $838,500
    $838,500

    Comparable in this City

    • Value Estimation by Request
      43,556 SF

      1301 Sagamore S Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 43,556 SF
      1301 Sagamore S Pkwy, Lafayette, IN 47905
      View Details
    • Value Estimation
      $2,965,000
      8,972 SF

      3417 300th N

      WHOLESALE OUTLET, DISCOUNT STORE • 8,972 SF
      3417 300th N, Lafayette, IN 47905-8819
      View Details
    • Value Estimation by Request
      115,855 SF

      2121 Sagamore S Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 115,855 SF
      2121 Sagamore S Pkwy, Lafayette, IN 47905-5109
      View Details
    • Value Estimation by Request
      224,188 SF

      4205 Commerce Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 224,188 SF
      4205 Commerce Dr, Lafayette, IN 47905-3800
      View Details
    • Value Estimation by Request
      64,266 SF

      3805 Fortune Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 64,266 SF
      3805 Fortune Dr, Lafayette, IN 47905-4890
      View Details
    • Value Estimation by Request
      231,888 SF

      4901 State Rd 26th E

      WHOLESALE OUTLET, DISCOUNT STORE • 231,888 SF
      4901 State Rd 26th E, Lafayette, IN 47905-4611
      View Details

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      Retail space available near Walmart and Purdue University.
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      Retail spaces available, shadow-anchored by Walmart near Purdue University.
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      Retail space with high visibility and modern design.
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      Retail space available next to Tippecanoe Mall and Purdue University.
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    • Contact for pricing
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      Retail Space in Lafayette, Indiana

      Retail space available in established shopping center anchored by major retailers.
      2158-2500 Teal Rd, Lafayette, IN 47905
      View Details
    • Contact for pricing
      1,500 SF

      Renovated Retail Space Available

      Recently renovated retail space near Purdue University.
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    3059 Teal Rd
    Lafayette, IN 47905-2234
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    Realmo Value Estimation

    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.

    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.

    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
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