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Property profile & analytics
OFF-MARKET
Estimated value
$2,925,000
Outlet malls
3417 300th N Lafayette, IN 47905-8819
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-0038416
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2020
Construction
TYPE NOT SPECIFIED
Total area
8,972 SF
Lot
1.87 ac (81,631 SF)
APN
79-07-11-126-007.000-003
UPID
US31-0038416
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
-
Dollar General #22190 Grocery & Convenience Store Food Market
-
FedEx OnSite Postal Service Courier Service
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$2.93M
Owner & transaction history
Frankfort Way LLC · 4 yrs held
Frankfort Way LLC
since 2022
Last sale
$3.1M
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
$2,960,000
ML approach
$2,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.93M
Range $2.63M – $3.22M · ±10% · vs last sale $3.14M (Jan 10 2022)
Last sale anchor
$3.14M
Jan 10 2022
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
$326 / 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
$14,016
Tax year 2023
Assessed value
$969,400
Assessed 2023
Previous assessed
$969,400
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed improvement
$969,400
Improvement market value
$969,400
Total market value
$969,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2020
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
8,972 SF
Lot
1.87 ac (81,631 SF)
APN
79-07-11-126-007.000-003
UPID
US31-0038416
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
2020
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.87 ac
Current owner
From public records · entity-resolved
Frankfort Way LLC
Entity
Mailing address
1312 SHERMER RD APT #303, NORTHBROOK, IL 60062-4673
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
$3,139,487
Frankfort Way LLC
Dgog Lafayette 032520 LLC
Warranty Deed
$1,177,793 · Lincoln Savings Bank
Jun 22, 2021
—
Frankfort Wag LLC
—
Deed
related
$1,549,186 · Lincoln Savings Bank
May 21, 2020
—
Artez LLC
Aretz LLC
Quit Claim Deed
related
—
Oct 11, 2018
—
Aretz LLC
Withers,steven L
Warranty Deed
—
Oct 11, 2018
$180,000
Steven L Withers
Michael D Wilson
Grant Deed
—
Dec 13, 2011
—
Michael D Wilson
Miller,prudence W
Warranty Deed
—
May 1, 2007
—
Prudence W Miller
Miller,l Merle
Quit Claim Deed
related
$128,000 · Lafayette Community Bank
Feb 23, 2007
—
L Merle Miller
Aretz Acres LLC
Warranty Deed
related
—
Sep 9, 2004
—
Aretz Acres LLC
Miller,l M
Warranty Deed
$550,000 · Lafayette Community Bank
—
—
Prudence W Miller
—
Deed Of Trust
related
$129,600 · Lafayette Community 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.
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