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Property profile & analytics

4930 Lafayette Rd Indianapolis, IN 46254-1959

  • Strip malls
  • 30,178 SF
  • 3.18 lot acres
OFF-MARKET
Value Estimations
$565,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-0195998
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.

Current Use by Public Records

  • Chapati / Indian Restaurant / Middle Eastern Restaurant
  • Aqui Es Jalisco #2 / Taco Restaurant / Mexican Restaurant
  • Shani’s Secret Chicken / Halal Restaurant / Indian Restaurant
  • Indy Vapor Shop / Vaporizer Store
  • Eagle Creek Liquors / Liquor Store

Property Details for 4930 Lafayette Rd

Year built
2007
Construction
TYPE NOT SPECIFIED
Lot size
3.18 lot acres
Property size
30,178 SF
Zone code
ZO01
Property type
Strip malls
Property subtype
Neighborhood centers
APN
49-05-12-129-024.000-600
APU
490512129024000600

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $555,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $578,000
    Market price range: $531k - $927k
  • Alternative Use

    Use
    Estimation
    NEIGHBORHOOD: SHOPPING CENTER
    $640,000
    Current use
    RETAIL STORES
    $905,000
    Change: +41% Conversion: Easy
    INDUSTRIAL (GENERAL)
    $880,000
    Change: +37% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Indianapolis
County
Marion
State
Indiana
Longitude
-86.2543
Latitude
39.8427
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,606
$342,800
$1,183,600
$1,526,400
-
$342,800
$1,183,600
$1,526,400
More about this property
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