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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Drive through restaurants
3209 Builder Dr Lafayette, IN 47909-4053
Entity Owned
1-yr Hold
Free & Clear
Property ID
US31-0998877
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2017
Construction
TYPE NOT SPECIFIED
Total area
13,133 SF
Lot
1.75 ac (76,230 SF)
APN
79-11-10-177-013.000-033
UPID
US31-0998877
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
-
Arby's Restaurant Take-out & Catering
-
Pizza Hut Take-out & Catering
-
Highland Creek Family Dental - South Dental Office
-
Nom Nom Tacos & Tequila Southside Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$920k
Blend (final)
Blend
$725k
Owner & transaction history
Sv Thompson St Associates LLC · 1 yrs held
Sv Thompson St Associates LLC
since 2025
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
by Request
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,080,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$55 / 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
$53,237
Tax year 2023
Assessed value
$2,162,600
Assessed 2023
Previous assessed
$2,162,600
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed improvement
$2,162,600
Improvement market value
$2,162,600
Total market value
$2,162,600
Applied tax rate
33.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2017
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
13,133 SF
Lot
1.75 ac (76,230 SF)
APN
79-11-10-177-013.000-033
UPID
US31-0998877
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
AUTO REPAIR, GARAGE
Est. value
$1.1M
AUTO REPAIR, GARAGE
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
2017
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Sv Thompson St Associates LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7031 MAYFLOWER PARK DR STE C, ZIONSVILLE, IN 46077-7908
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
$5,250,000
Sv Thompson St Associates LLC
Focus Realty Group LLC
Warranty Deed
—
Mar 21, 2023
—
Focus Realty Group LLC
Zann Real Estate Group LLC
Quit Claim Deed
related
$45,000,000 · Lake Forest Bank & Trust Co
Mar 30, 2021
—
Zann Real Estate Group LLC
—
Deed Of Trust
related
$6,796,163 · Star Fin'l
Jul 13, 2020
—
Builder Pizza Hut LLC
—
Deed
related
$1,997,371 · Pizza Hut/noblesville INC
Apr 6, 2020
—
Zann Real Estate Group LLC
Focus Realty Group LLC
Quit Claim Deed
related
—
Dec 21, 2017
$575,000
Focus Realty Group LLC
Finl Bk First
Grant Deed
$2,450,000 · Star Fin'l
—
—
Builder Pizza Hut LLC
—
Deed Of Trust
related
$1,997,371 · Pizza Hut/noblesville INC
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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