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    Property profile & analytics

    3500 State Rd 38th E Lafayette, IN 47905-5164

    • Strip malls
    • 86,539 SF
    • 9.60 lot acres
    OFF-MARKET
    Value Estimation
    $6,670,000
    Last Sale
    Dec 06, 2021
    $6,795,000
    Location Intelligence
    Property ID
    US31-1236582
    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

    • Lafayette Market Place / Market

    Property Details for 3500 State Rd 38th E

    Year built
    1996
    Construction
    WOOD
    Lot size
    9.60 lot acres
    Property size
    86,539 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    79-07-34-201-006.000-004
    APU
    790734201006000004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,835,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,660,000
      6.5%
      $7,040,000
      7%
      $7,335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,050,000
      Geo Method
      $5,970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,400,000
      Retail
      $5,725,000
      Mixed-Use
      $5,655,000
      Hospitality
      $6,565,000
      Educational
      $7,170,000
      Residential Income
      $7,430,000
      Energy
      $6,885,000
      Income-Based Land
      $6,350,000
      Food Service
      $6,375,000

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8542
    Latitude
    40.4003
    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
    $166,484
    $0.00
    $7,009,200
    $7,009,200
    -
    $0.00
    $7,009,200
    $7,009,200

    Comparable in this City

    • Value Estimation by Request
      12,606 SF

      4921 State Rd 26th E

      SHOPPING CENTER, STRIP CENTER • 12,606 SF
      4921 State Rd 26th E, Lafayette, IN 47905-4608
      View Details
    • Value Estimation
      $490,000
      16,020 SF

      140 Frontage Rd

      SHOPPING CENTER, STRIP CENTER • 16,020 SF
      140 Frontage Rd, Lafayette, IN 47905-4602
      View Details
    • Value Estimation
      $680,000
      30,996 SF

      2117 4th St

      SHOPPING CENTER, STRIP CENTER • 30,996 SF
      2117 4th St, Lafayette, IN 47905-2137
      View Details
    • Value Estimation
      $685,000
      20,800 SF

      1201 Sagamore S Pkwy

      SHOPPING CENTER, STRIP CENTER • 20,800 SF
      1201 Sagamore S Pkwy, Lafayette, IN 47905
      View Details
    • Value Estimation
      $860,000
      67,436 SF

      2513 Maple Pt Dr

      SHOPPING CENTER, STRIP CENTER • 67,436 SF
      2513 Maple Pt Dr, Lafayette, IN 47905-5157
      View Details
    • Value Estimation by Request
      68,065 SF

      1400 Teal Rd

      SHOPPING CENTER, STRIP CENTER • 68,065 SF
      1400 Teal Rd, Lafayette, IN 47905-2464
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,715 SF

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      Retail space available near Walmart and Purdue University.
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    • $18 SF/Yr
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      Retail space with high visibility and modern design.
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      Retail Space Near Tippecanoe Mall

      Retail space available next to Tippecanoe Mall and Purdue University.
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      Retail space available in established Lafayette shopping center.
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      View Details
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    Lafayette, IN 47905-5164
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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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