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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Medical Office Space
3738 Landmark Dr Lafayette, IN 47905-6654
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US31-0569045
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
WOOD
Total area
10,436 SF
Lot
1.9 ac (82,938 SF)
APN
79-07-26-376-004.000-004
UPID
US31-0569045
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
-
Tonia Kusumi, MD Physician
-
Cora Maloney Physician
-
David C. Miller, MD Physician
-
Saima Kamal, MD Physician
-
Lafayette Surgery Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$575k
Owner & transaction history
Lafayette Medical Park LLC · 9 yrs held
Lafayette Medical Park LLC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$770,000
+57.4%
Apartment house (5+ units)
$765,000
+56.4%
Retail stores
$675,000
+38.0%
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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$490,000
Current use
AUTO REPAIR, GARAGE
$770,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$765,000
Change: +56% · Conversion: Moderate
RETAIL STORES
$675,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$40,833
Tax year 2023
Assessed value
$1,719,300
Assessed 2023
Previous assessed
$1,719,300
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed improvement
$1,719,300
Improvement market value
$1,719,300
Total market value
$1,719,300
Applied tax rate
4.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
NONE
Stories
1
Total area
10,436 SF
Lot
1.9 ac (82,938 SF)
APN
79-07-26-376-004.000-004
UPID
US31-0569045
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
MEDICAL BUILDING Current
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$765,000
RETAIL STORES
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$545,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
2010
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Lafayette Medical Park LLC
Entity
Mailing address
8902 N MERIDIAN ST STE #205, INDIANAPOLIS, IN 46260-5369
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2016
$1,825,000
Lafayette Medical Park LLC
Lafayette Professional Center
Grant Deed
related
—
Mar 31, 2011
—
Lafayette Professional Ctr LP
—
Trustees Deed
related
$962,000 · Lafayette Community Bank
—
—
Lafayette Professional Ctr LP
—
Deed Of Trust
related
$1,180,921 · 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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