Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3898 Lafayette Rd Indianapolis, IN 46254-2554

    • Theaters & concert halls
    • 60,494 SF
    • 6.87 lot acres
    OFF-MARKET
    Value Estimation
    $665,000
    Location Intelligence
    Property ID
    US31-0713578
    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

    • Amazon Hub Locker - Provision / Mailing Service / E-Commerce Service
    • VALUE CREOLE CARIBBEAN CUISINE / Restaurant

    Property Details for 3898 Lafayette Rd

    Year built
    1983
    Construction
    TYPE NOT SPECIFIED
    Lot size
    6.87 lot acres
    Property size
    60,494 SF
    Zone code
    ZO01
    Property type
    Theaters & concert halls
    APN
    49-06-18-105-015.000-600
    APU
    490618105015000600

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $760,000
      6.5%
      $780,000
      7%
      $740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $790,000
      Geo Method
      $805,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $815,000
      Retail
      $595,000
      Mixed-Use
      $705,000
      Hospitality
      $665,000
      Educational
      $740,000
      Residential Income
      $735,000
      Energy
      $810,000
      Income-Based Land
      $795,000
      Food Service
      $715,000

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2393
    Latitude
    39.8268
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $26,334
    $300,000
    $828,900
    $1,128,900
    -
    $300,000
    $828,900
    $1,128,900

    Comparable in this City

    • Value Estimation by Request
      16,354 SF

      5900 46th St

      THEATER (MOVIE) • 16,354 SF
      5900 46th St, Indianapolis, IN 46254-1951
      View Details
    • Value Estimation by Request
      35,079 SF

      5935 56th St

      THEATER (MOVIE) • 35,079 SF
      5935 56th St, Indianapolis, IN 46254-1694
      View Details
    • Value Estimation by Request
      25,948 SF

      4141 High School Rd

      THEATER (MOVIE) • 25,948 SF
      4141 High School Rd, Indianapolis, IN 46254-2714
      View Details
    • Value Estimation by Request
      18,382 SF

      4400 High School Rd

      THEATER (MOVIE) • 18,382 SF
      4400 High School Rd, Indianapolis, IN 46254-2210
      View Details
    • Value Estimation by Request
      16,417 SF

      6001 52nd St

      THEATER (MOVIE) • 16,417 SF
      6001 52nd St, Indianapolis, IN 46254-1630
      View Details
    • Value Estimation by Request
      5,324 SF

      4349 Falcon Crk Blvd

      THEATER (MOVIE) • 5,324 SF
      4349 Falcon Crk Blvd, Indianapolis, IN 46254-2030
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Medical Office Space Indianapolis

      I-65 Access, 71,031 RSF, Lease/Sale
      4880 Century Plaza Rd, Indianapolis, IN 46254
      View Details
    • $774,000
      3,750 SF

      Indianapolis Office Space For Sale

      Office property with 3750 square feet of space.
      6820 Shore Ter, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      0.74 Acres

      Lafayette Road Commercial Land Parcel

      0.74-acre commercial lot, prime Indianapolis location.
      4954 Lafayette Rd, Indianapolis, IN 46254
      View Details
    • $1,450,000
      21,298 SF

      Indianapolis Office/Medical Property For Sale

      Office and medical property for sale or lease in Indianapolis.
      6340 Gateway Dr, Indianapolis, IN 46254
      View Details
    • $219,000
      1,260 SF

      Updated Condo Near Eagle Creek

      Updated 2BD/1.5BA condo with backyard, near Eagle Creek Park.
      7428 Charrington Ct, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      8,200 SF

      Indianapolis Medical Office Building For Sale

      8,200 SF medical office building 100% leased through 2030.
      5645 Lafayette Rd, Indianapolis, IN 46254
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Georgetown Road Retail Space

      920 SF Office/Retail Space Available
      5614 Georgetown Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      1,366 SF

      Turnkey Restaurant Space Available

      Former restaurant space with frontage on 38th Street.
      3802-3816 N High School Rd, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      7,350 SF

      Lafayette Road Retail Spaces Available

      High-traffic retail space, multiple suites.
      3810 Lafayette Rd, Indianapolis, IN 46254
      View Details
    • $22 SF/Yr
      1,835 SF

      Renovated Office Space Available

      Recently renovated office space with ample parking and signage.
      3850 Shore Dr, Indianapolis, IN 46254
      View Details
    • Contact for pricing
      3,531 SF

      Medical Office Space Available

      Medical office space with highway visibility, available Q4 2025.
      6620-6640 Parkdale Pl, Indianapolis, IN 46254
      View Details
    • $20 SF/Yr
      6,823 SF

      Lafayette Road Office Space Available

      Modern Office, 3,435 SF Available
      5445 Lafayette Rd, Indianapolis, IN 46254
      View Details
    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.
    3898 Lafayette Rd
    Indianapolis, IN 46254-2554
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.