Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3810 Lafayette Rd Indianapolis, IN 46254
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3810 Lafayette Rd Indianapolis, IN 46254

    View on Map
    • Retail space
    For Lease
    View Listing →
    Freestanding Building Available For Lease For Lease
    Contact for pricing
    4,548 SF

    Freestanding Building Available For Lease

    4,548sf freestanding building available for lease.

    3810 Lafayette Rd, Indianapolis, IN 46254
    View Listing
    Property ID
    US31-3382281
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pure Passion West / Nightclub / Bar & Pub

    Property Details for 3810 Lafayette Rd

    Property type
    Retail space
    Property subtype
    Commercial real estate

    Description

    4,548sf freestanding building available for lease at the northwest corner of 38th Street and Lafayette Road. Co-Tenants include: Eyeglass World, Kentucky Fried Chicken, Gyro Factory and Tran Dry Cleaning. 1,400sf space available for lease. This property benefits from a high daytime population, excellent visibility and a strong traffic count.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.238464
    Latitude
    39.82525

    Comparable in this City

    • Contact for pricing

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces available in a neighborhood retail center.
      5614 Georgetown Rd, Indianapolis, IN 46254
      View Details
    • $20 SF/Yr

      Lafayette Road Commercial Space Available

      Shell condition space suitable for office, medical, or retail uses.
      5445 Lafayette Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing

      Prime Retail Location in Indianapolis

      Exceptional leasing opportunity in a high-traffic Indianapolis location.
      3870 N High School Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing

      Freestanding Building on Georgetown Road

      1,530 SF building suitable for retail or restaurant use.
      5630 Georgetown Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      3,175 SF

      Freestanding Restaurant with Drive-Thru

      3,175 SF restaurant equipped with drive-thru and 55 parking spaces.
      3846 Lafayette Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      109,000 SF

      Anchored Retail Space Available

      Retail space with high traffic and dense population.
      4641 Lafayette Rd, Indianapolis, IN 46254
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      193,083 SF

      Value-Add Retail Net Lease Portfolio

      A diversified net lease portfolio with value-add yield opportunity.
      5206 W 38Th St, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      1,800 SF

      Freestanding Building on Georgetown Road

      1,530 SF building or land for ground lease available.
      5630 Georgetown Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      12,840 SF

      Fully Leased Retail Center

      Retail center with additional land, conveniently located and fully leased.
      4202 W 56Th St, Indianapolis, IN 46254
      View Details
    • $775,000

      Prime Development Site Indianapolis Corridor

      5.21 acre commercial development site in Indianapolis for sale.
      5304 West Pike Plaza Rd, Indianapolis, IN 46254
      View Details
    • New
      $1,285,000
      1.60 Acres

      Indianapolis Office Building For Sale

      Leased investment property on West Side Indianapolis with renewal option.
      6925 Parksdale Pl, Indianapolis, IN 46254
      View Details
    • Contact for pricing

      Office Building Near I-65

      71,031 RSF office building available for lease or sale.
      4880 Century Plaza Rd, Indianapolis, IN 46254
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces available in a neighborhood retail center.
      5614 Georgetown Rd, Indianapolis, IN 46254
      View Details
    • $20 SF/Yr

      Lafayette Road Commercial Space Available

      Shell condition space suitable for office, medical, or retail uses.
      5445 Lafayette Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing

      Prime Retail Location in Indianapolis

      Exceptional leasing opportunity in a high-traffic Indianapolis location.
      3870 N High School Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing

      Freestanding Building on Georgetown Road

      1,530 SF building suitable for retail or restaurant use.
      5630 Georgetown Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      3,175 SF

      Freestanding Restaurant with Drive-Thru

      3,175 SF restaurant equipped with drive-thru and 55 parking spaces.
      3846 Lafayette Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      109,000 SF

      Anchored Retail Space Available

      Retail space with high traffic and dense population.
      4641 Lafayette Rd, Indianapolis, IN 46254
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3810 Lafayette Rd
    Indianapolis, IN 46254
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!