79 Shenandoah Dr Lafayette, IN 47905-5914
Property profile & analytics
79 Shenandoah Dr, Lafayette, IN 47905-5914
- Turn key restaurants
- 9,612 SF
- 2.45 lot acres
Property ID
US31-0512750
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.
Location Intelligence
Current Use by Public Records
- Golden Corral Buffet & Grill / Restaurant / Buffet
Property Details for 79 Shenandoah Dr
- Year built
- 2000
- Construction
- WOOD
- Lot size
- 2.45 lot acres
- Property type
- Turn key restaurants
- APN
- 79-07-23-351-014.000-004
- APU
- 790723351014000004
Description
This exceptional investment opportunity features a 9,612 square foot, Class A, Golden Corral restaurant in Lafayette, Indiana. Built in 2000 on a 2.45-acre lot with 200 parking spaces, the property boasts a strong 6.9% cap rate and a 100% occupancy rate since its lease commencement on October 1, 2001. The current NNN lease includes a 5% percentage rent bonus (not included in the cap rate) and offers two, five-year renewal options with 5% rent increases. The property's strong NOI of $207,000 and a price per square foot of $312.11 makes this a compelling investment. The location benefits from high daily traffic counts of 27,000 vehicles and proximity to Purdue University. The current lease has two years remaining before the first renewal option. This turnkey property presents a rare opportunity for investors seeking a stable, high-performing asset in a desirable location. The property is strategically located at 79 Shenandoah Dr, Lafayette, IN 47905.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $405,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $610,000
Market price range: $610k - $1.22M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Tippecanoe
- State
- Indiana
- Longitude
- -86.8453
- Latitude
- 40.4194
- CBSA code
- 29200
- CBSA name
- LAFAYETTE-WEST LAFAYETTE, 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
$34,400
$0.00
$1,448,400
$1,448,400
-
$0.00
$1,448,400
$1,448,400
