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    Property profile & analytics

    3970 Lafayette Rd Indianapolis, IN 46254-2528

    • Turn key restaurants
    • 33,800 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimation
    $500,000
    Location Intelligence
    Property ID
    US31-1280150
    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

    • Church's Texas Chicken / Chicken Restaurant / Family Restaurant

    Property Details for 3970 Lafayette Rd

    Year built
    1983
    Lot size
    0.78 lot acres
    Property size
    33,800 SF
    Zone code
    ZO01
    Property type
    Turn key restaurants
    APN
    49-06-18-105-017.000-600
    APU
    490618105017000600

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $525,000

    • CAP approach

      CAP return
      Estimation
      6%
      $545,000
      6.5%
      $510,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $550,000
      Retail
      $555,000
      Mixed-Use
      $495,000
      Hospitality
      $495,000
      Educational
      $440,000
      Residential Income
      $565,000
      Energy
      $530,000
      Income-Based Land
      $415,000
      Food Service
      $535,000

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.2383
    Latitude
    39.827
    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
    $3,956
    $150,800
    $18,800
    $169,600
    -
    $150,800
    $18,800
    $169,600

    Comparable in this City

    • Value Estimation by Request
      15,400 SF

      3899 Georgetown Rd

      RESTAURANT • 15,400 SF
      3899 Georgetown Rd, Indianapolis, IN 46254-2445
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    • Value Estimation
      $340,000
      20,000 SF

      3924 Lafayette Rd

      RESTAURANT • 20,000 SF
      3924 Lafayette Rd, Indianapolis, IN 46254-2504
      View Details
    • Value Estimation
      $340,000
      2,942 SF

      5665 Georgetown Rd

      RESTAURANT • 2,942 SF
      5665 Georgetown Rd, Indianapolis, IN 46254-1511
      View Details
    • Value Estimation
      $325,000
      1,959 SF

      4820 57th St

      RESTAURANT • 1,959 SF
      4820 57th St, Indianapolis, IN 46254-1418
      View Details
    • Value Estimation
      $280,000
      6,180 SF

      5116 38th St

      RESTAURANT • 6,180 SF
      5116 38th St, Indianapolis, IN 46254-3326
      View Details
    • Value Estimation
      $340,000
      3,677 SF

      4920 38th St

      RESTAURANT • 3,677 SF
      4920 38th St, Indianapolis, IN 46254-3322
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      5630 Georgetown Rd

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    • $1,200,000
      12,840 SF

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      Retail center with additional land, conveniently located and fully leased.
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      8,200 SF medical office building 100% leased through 2030.
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      Indianapolis Office/Medical Property For Sale

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    Similar Nearby for Lease

    • 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
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    • 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
      15,000 SF

      Georgetown Road Retail Space

      920 SF Office/Retail Space Available
      5614 Georgetown Rd, Indianapolis, IN 46254
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    • 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
    • Contact for pricing
      1,530 SF

      Georgetown Road Retail Opportunity

      1,530 SF Freestanding Building - Indianapolis
      5630 Georgetown 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
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    3970 Lafayette Rd
    Indianapolis, IN 46254-2528
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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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