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Property profile & analytics
OFF-MARKET
Estimated value
$4,920,000
Warehouses
4792 400th S Lafayette, IN 47905-9371
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US31-2526929
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2013
Construction
STEEL FRAME
Total area
72,000 SF
Lot
10 ac (435,600 SF)
APN
79-11-12-476-001.000-031
UPID
US31-2526929
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
-
Schurman Executive Recruiting Employment Agency
-
Phoenix International Publications Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.51M
Comparable Approach
Comparable
$5.01M
Blend (final)
Blend
$4.92M
Owner & transaction history
Apex Warehouse & Logistics LLC · 13 yrs held
Apex Warehouse & Logistics LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+42.2%
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 Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,050,000
6.5%
$6,510,000
7%
$6,045,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,455,000
Current use
COMMERCIAL (GENERAL)
$4,910,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$4.92M
Range $4.43M – $5.41M · ±10%
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
$68 / 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
$55,159
Tax year 2023
Assessed value
$4,838,200
Assessed 2023
Previous assessed
$4,838,200
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$620,300
Assessed improvement
$4,217,900
Land market value
$620,300
Improvement market value
$4,217,900
Total market value
$4,838,200
Applied tax rate
31.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
72,000 SF
Lot
10 ac (435,600 SF)
APN
79-11-12-476-001.000-031
UPID
US31-2526929
Jurisdiction
TIPPECANOE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$4.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
2013
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
10 ac
Current owner
From public records · entity-resolved
Apex Warehouse & Logistics LLC
Entity
Mailing address
4792 E 400TH S, LAFAYETTE, IN 47905-9371
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2019
—
Apex Warehouse & Logistics LLC
—
Deed
related
$2,283,100 · Purdue FCU
Feb 13, 2017
—
Apex Warehouse & Logistics LLC
—
Deed
related
$929,049 · Purdue FCU
Aug 6, 2015
—
Apex Warehouse & Logistic LLC
—
Trustees Deed
related
$929,049 · Purdue FCU
Apr 24, 2013
—
Apex Warehouse & Logistics LLC
Ichiya LLC
Warranty Deed
$1,875,000 · Lafayette Savings Bank Fsb
Mar 7, 2005
—
Thompson Holdings LLC
Ichiya LLC
Warranty Deed
$657,125 · Jpmorgan Chase Bank NA
Jan 18, 2005
—
Ichiya LLC
Superior Structures INC
Warranty Deed
$400,000 · Lafayette Community Bank
Nov 15, 2004
—
Superior Structures INC
Wallace,jean
Warranty Deed
$400,000 · Lafayette Community Bank
Sep 29, 2004
—
Jean Wallace
Wallace,robert E
Quit Claim Deed
related
—
—
—
Apex Warehouse & Logistics LLC
—
Loan Modification
related
$929,049 · Purdue FCU
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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