Property profile

3731 Rome Dr Lafayette, IN 47905

OFF-MARKET
Medical Office Space
Property ID
US31-1068886
5,984 SF 0.66 ac lot Built 2002
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This single-story, 5,984 square foot Class B medical office building, constructed in 2002 and renovated in 2008, is situated on a 0.65-acre lot in Lafayette, Indiana's Lafayette submarket. The property, located at 3731 Rome Dr (near Creasy Lane), features a 9-foot ceiling height and offers 2,900 square feet of immediately available space, representing one of two total suites. The building has a total of 24 parking spaces. The minimum divisible space is 2,900 square feet, with a maximum contiguous space also at 2,900 square feet. Property taxes are $2.29 per square foot. The building is zoned GB and boasts features ideal for medical practices, including a spacious waiting room, reception area, four patient exam rooms, nurse stations, and a large manager's office/patient checkout area. This exceptional opportunity is perfect for a growing medical practice seeking a well-maintained and conveniently located space.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Construction WOOD
Total area 5,984 SF
Lot 0.66 ac (28,662 SF)
APN 79-07-23-376-011.000-004
UPID US31-1068886

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Medical Clinic

Location

3731 Rome Dr Lafayette, IN 47905-4490
Lafayette metro Census 1800 LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2024
$680,000
2008
Price N/A
2005
Price N/A
2004
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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