New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Auto shops
3422 Rascal Dr, Lafayette, IN 47909-2796
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-0584490
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Construction
WOOD
Total area
5,040 SF
Lot
1.23 ac (53,753 SF)
APN
79-11-03-200-014.000-033
UPID
US31-0584490
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
-
Prime Body and Paint Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Tbob Commercial LLC · 2 yrs held
Tbob Commercial LLC
since 2024
Last sale
$1.5M
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
$1,530,000
ML approach
$1,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±10% · vs last sale $1.53M (Jun 28 2024)
Last sale anchor
$1.53M
Jun 28 2024
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
$304 / 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
$13,607
Tax year 2023
Assessed value
$552,200
Assessed 2023
Previous assessed
$552,200
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed improvement
$552,200
Improvement market value
$552,200
Total market value
$552,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
5,040 SF
Lot
1.23 ac (53,753 SF)
APN
79-11-03-200-014.000-033
UPID
US31-0584490
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
1999
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
Tbob Commercial LLC
Entity
Mailing address
3422 RASCAL DR, LAFAYETTE, IN 47909-2796
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
—
Tbob Commercial LLC
Msdk LLC
Limited Warranty Deed
—
Jun 28, 2024
$1,530,000
Tbob Commercial LLC
Msdk LLC
Deed
—
Sep 6, 2017
—
Msdk LLC
Michael D Miller
Deed
$688,000 · First Merchants Bank NA
Jul 1, 2015
—
Michael D Miller
—
Trustees Deed
related
$25,000 · Security Fsb
—
—
Michael D Miller
—
Deed Of Trust
related
$295,183 · Lafayette Community Bank
—
—
Michael D Miller
—
Deed Of Trust
related
$185,857 · Security Fsb
—
—
Michael D Miller
—
Deed Of Trust
related
$38,400 · Lafayette Community Bank
—
—
Michael D Miller
—
Deed Of Trust
related
$11,600 · 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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