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Property profile & analytics
OFF-MARKET
Estimated value
$3,910,000
Community centers
4233 Lafayette Rd Indianapolis, IN 46254-2412
Entity Owned
3-yr Hold
Free & Clear
Property ID
US31-0880355
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1971
Total area
78,000 SF
Lot
2 ac (87,157 SF)
Zoning code
ZO01
APN
49-06-18-103-042.000-600
UPID
US31-0880355
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
-
International Marketplace Coalition Event Venue Office Of A Fair Trade Organization
-
Global Gifts (Bike/Boat/Book/etc) Store
-
Professional Audio Systems Electronics & Wireless Store Big Box & Wholesale Store
-
Global Village Welcome Center Museum
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.91M
Owner & transaction history
Pffo Qzob LLC · 3 yrs held
Pffo Qzob LLC
since 2022
Last sale
$4.4M
4 recorded transactions
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.3M
+282.3%
Restaurant
$4.1M
+144.6%
Office building
$3.9M
+132.4%
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 Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis 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
$3,390,000
ML approach
$3,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,345,000
Change: +282% · Conversion: Difficult
RESTAURANT
$4,060,000
Change: +145% · Conversion: Difficult
OFFICE BUILDING
$3,855,000
Change: +132% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,375,000
Change: +104% · Conversion: Difficult
MEDICAL BUILDING
$2,915,000
Change: +76% · Conversion: Difficult
Blend value · Realmo final
$3.91M
Range $3.52M – $4.30M · ±10% · vs last sale $4.38M (Aug 19 2022)
Last sale anchor
$4.38M
Aug 19 2022
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
$50 / 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
$3,784
Tax year 2023
Assessed value
$162,200
Assessed 2023
Previous assessed
$162,200
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$140,900
Assessed improvement
$21,300
Land market value
$140,900
Improvement market value
$21,300
Total market value
$162,200
Applied tax rate
600.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1971
Heating
NONE
Stories
5
Total area
78,000 SF
Lot
2 ac (87,157 SF)
Zoning code
ZO01
APN
49-06-18-103-042.000-600
UPID
US31-0880355
Jurisdiction
MARION
Zoning & alternative use
ZO01 · Indianapolis, IN
Zoning ZO01 · permitted uses
ZO01 · Indianapolis, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indianapolis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
RESTAURANT
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1971
Heating
NONE
Stories
5
Lot
2 ac
Current owner
From public records · entity-resolved
Pffo Qzob LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3919 LAFAYETTE RD STE #395, INDIANAPOLIS, IN 46254-2549
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
—
Pffo Qzob LLC
Imc Development Corp
Quit Claim Deed
related
—
Nov 12, 2019
$4,375,000
Imc Dev Corportation
Lafayette Center LLC
Trustees Deed
$4,294,800 · Iff
Jul 9, 2013
—
Lafayette Center LLC
Truss Lafayette Rd In LLC
Quit Claim Deed
related
$1,780,000 · Standard Insurance Co
Jan 12, 2011
—
Truss Lafayette Rd In LLC
Truss Realty Co
Quit Claim Deed
related
—
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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