Technical
Financial
Distress signals
Property profile

4930 Lafayette Rd Indianapolis, IN 46254

OFF-MARKET
Strip malls
Property ID
US31-0195998
30,178 SF 3.18 ac lot Built 2007
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Eagle Creek Shoppes presents a unique retail investment opportunity. This single-story, 29,380 square foot shopping center is situated on a 1.87-acre lot and boasts a prime location with excellent visibility from I-65. Currently, 2,500 square feet of space is available, with a minimum divisible unit size of 2,500 square feet and a maximum contiguous space of 2,500 square feet. The property is zoned C4, and its APN is 49-05-12-129-024.000-600. Previously hampered by poor access, recent improvements have significantly enhanced the center's appeal. These improvements include the installation of a new traffic signal directly in front of the property, dramatically increasing visibility and accessibility. A new pylon sign has also been erected along Lafayette Road, further enhancing the center's presence. Adding to the property's attractiveness, a Tim Horton's restaurant is slated to open soon, bringing increased foot traffic and brand recognition to the center. This represents a rare chance to acquire a well-positioned retail property with significant upside potential, benefiting from recent strategic improvements and the imminent arrival of a major tenant. The property is under local ownership for the first time in many years, presenting a unique opportunity for a new owner to shape its future.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction TYPE NOT SPECIFIED
Total area 30,178 SF
Lot 3.18 ac (138,521 SF)
Zoning code ZO01
APN 49-05-12-129-024.000-600
UPID US31-0195998

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Restaurant
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

Location

4930 Lafayette Rd Indianapolis, IN 46254-1959
Indianapolis metro Census 310312 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
$579k
Blend (final) Blend
$565k

Owner & transaction history

since 2013
5 recorded transactions
2013
Price N/A
2009
$2.2M
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

ZO01 · Indianapolis, IN
Top alternative use upside
Retail stores $905,000 +41.3%
Industrial (general) $880,000 +37.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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