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    405 Lafayette Rd Noblesville, IN 46060
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    405 Lafayette Rd, Noblesville, IN 46060

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    • Mixed-use properties
    • 1,271 SF
    Off-Market
    Property ID
    US31-0400724
    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

    • Top Notch Masonry / General Contractor / Construction Company

    Property Details for 405 Lafayette Rd

    Year built
    1940
    Property type
    Mixed-use properties
    Property subtype
    Retail properties & Spaces

    Description

    Excellent Commercial property on a Signalized Hard Corner in the heart of Noblesville IN near SR 38 & SR 32. Next to Riverview Hospital & the Fedral Hill Commons with desirable/flexible Zoning which allows for an array of uses in Hamilton County Indiana, one of the fastest growing counties in the US! Fast-Food, Retail, Automotive, Fuel Station, Office, Medical, Bank, Boutique Restaurant or Bar, the possibilities are vast! Supported by growing traffic counts in a brand new Apartment Development corridor. (Federal Hill Apartments directly across Logan St. to SE has 222 Apartments)

    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
    Noblesville
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.0244817
    Latitude
    40.0495764

    Comparable in this City

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      Noblesville Flex Space Opportunity

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      Noblesville Mixed-Use Investment Opportunity

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      37,173 SF

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      Modern 37,173 SF office building in Noblesville, Indiana.
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      3,725 SF

      Noblesville Retail Investment Opportunity

      NNN leased retail property in prime Noblesville corridor.
      17833 Foundation Dr, Noblesville, IN 46060
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    Similar Nearby for Sale

    • $590,400
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      Flex Space in Bergen Business Park

      Premium end unit near Hamilton Town Center and I-69.
      14226 Bergen Blvd, Noblesville, IN 46060
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      15,500 SF

      Noblesville Development Opportunity on Greenfield

      10-acre site with 15,000 SF building in booming Hamilton County.
      10511 Greenfield Ave, Noblesville, IN 46060
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      Noblesville Flex Space Opportunity

      5,040 SF flex space near Hamilton Town Center.
      14214 Bergen Blvd, Noblesville, IN 46060
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    • $350,000
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      Noblesville Mixed-Use Investment Opportunity

      6.4 Acres, Multiple Units Available
      14358 Bergen Blvd, Noblesville, IN 46060
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      37,173 SF

      Class A Office Building

      Modern 37,173 SF office building in Noblesville, Indiana.
      350 Westfield Rd, Noblesville, IN 46060
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      3,725 SF

      Noblesville Retail Investment Opportunity

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      17833 Foundation Dr, Noblesville, IN 46060
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    Similar Nearby for Lease

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      49,658 SF

      Noblesville Retail Outlot Lease

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      Activated Office Location For Rent

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      Adaptable Flex Space Near Trail

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      Versatile Flex Space for Rent

      Warehouse, office, and flex spaces available for small businesses.
      605 Sheridan Rd, Noblesville, IN 46060
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    405 Lafayette Rd
    Noblesville, IN 46060
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    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
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