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Property profile & analytics
OFF-MARKET Estimated value $565,000
Strip malls

4930 Lafayette Rd Indianapolis, IN 46254-1959

30,178 SF 3.18 ac lot Built 2007
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US31-0195998
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Chapati Restaurant
  • Aqui Es Jalisco #2 Restaurant
  • Shani’s Secret Chicken Restaurant
  • Indy Vapor Shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Eagle Creek Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
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
4930 Lafayette LLC · 13 yrs held
4930 Lafayette LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $905,000 +41.3%
Industrial (general) $880,000 +37.3%
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