Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    946 Mezzanine Dr Lafayette, IN 47905
    Back to Search
    Property profile & analytics

    946 Mezzanine Dr, Lafayette, IN 47905

    View on Map
    • Commercial land
    • 0.66 lot acres
    For Sale
    $87,500
    View Listing →
    Commercial Lot in Cascada Park For Sale
    $87,500
    0.66 Acres

    Commercial Lot in Cascada Park

    0.66 acre commercial lot in Lafayette's Cascada Business Park.

    946 Mezzanine Drive, Lafayette, IN
    View Listing
    Property ID
    US31-0246449
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 946 Mezzanine Dr

    Lot size
    0.66 lot acres
    Property type
    Commercial land
    APN
    79-07-26-476-011.000-004
    APU
    790726476011000004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 29, 2024 — Messer Trust Christina Messer Quitclaim Deed · related —
    Apr 18, 2016 — Christina Messer Land Quest LLC Warranty Deed $60k · Lafayette Community Bank
    Dec 18, 2009 — Land Quest LLC Cascada Professional Pk LLC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8333
    Latitude
    40.4053
    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
    $2,236
    $93,500
    $0.00
    $93,500
    -
    $93,500
    $0.00
    $93,500

    Comparable in this City

    • Value Estimation by Request
      0.98 Acres

      2820 Creasy Ln

      VACANT COMMERCIAL LAND
      2820 Creasy Ln, Lafayette, IN 47905-5207
      View Details
    • Value Estimation by Request
      0.74 Acres

      Fairington Ave

      VACANT COMMERCIAL LAND
      Fairington Ave, Lafayette, IN 47905
      View Details
    • Value Estimation by Request
      0.79 Acres

      924 Mezzanine Dr

      VACANT COMMERCIAL LAND
      924 Mezzanine Dr, Lafayette, IN 47905-8631
      View Details
    • Value Estimation by Request
      0.00 Acres

      Mezzanine Dr

      VACANT COMMERCIAL LAND
      Mezzanine Dr, Lafayette, IN 47905
      View Details
    • Value Estimation by Request
      0.08 Acres

      Poplar Ln

      VACANT COMMERCIAL LAND
      Poplar Ln, Lafayette, IN 47905
      View Details
    • Value Estimation by Request
      0.40 Acres

      Professional Ct

      VACANT COMMERCIAL LAND
      Professional Ct, Lafayette, IN 47905
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vacant Land Zoned GB

      Vacant commercial land available for sale, zoned GB.
      New Century Ct, Lafayette, IN 47905
      View Details
    • Contact for pricing

      Lafayette Commercial Land For Sale

      2-3 acres available at signalized intersection near Subaru plant.
      Sr Rd 38, Lafayette, IN 47905
      View Details
    • Contact for pricing

      Lafayette Shovel Ready Certified Site

      152.45-acre certified site with utilities in Lafayette, Indiana.
      Mccarty Ln, Lafayette, IN 47905
      View Details
    • Contact for pricing

      Lafayette Industrial Land for Sale

      Industrial land in Lafayette's growing industrial sector, prime visibility.
      3550 Us Highway 52 S, Lafayette, IN 47905
      View Details
    • Contact for pricing

      Teal Road Vacant Land

      Vacant land with high visibility, suitable for retail or restaurant.
      3039 Teal Rd, Lafayette, IN 47905
      View Details
    • Contact for pricing

      Commercial Lot in Cascada Park

      0.66 acre commercial lot in Lafayette's Cascada Business Park.
      946 Mezzanine Dr, Lafayette, IN 47905
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing

      Build-to-Suit Commercial Land Site

      Build-to-suit opportunity with strong visibility and planned roadway improvements scheduled to open in 2026.
      3802 Bayley Dr, Lafayette, IN 47905
      View Details
    • Contact for pricing

      Commercial Land with Highway Access

      Commercial land for rent with high visibility and ample parking.
      140 Frontage Rd, Lafayette, IN 47905
      View Details
    • New
      Contact for pricing

      Build-to-Suit Commercial Land

      For lease commercial land with build-to-suit flexibility and visibility, supported by planned roadway extensions opening in 2026.
      3801 Bayley Dr, Lafayette, IN 47905
      View Details
    • Contact for pricing

      Prime Land Lease Opportunity

      3.02-acre commercial land for lease in Lafayette, Indiana.
      3410-3416 State Rte 38, Lafayette, IN 47905
      View Details
    • Contact for pricing

      SR 38 & Park East Blvd, Lafayette, IN, IN 47905

      Commercial land
      Lafayette Sr 38 & Park Blvd East, Lafayette, IN 47905
      View Details
    • Contact for pricing

      Commercial Land Near Purdue University

      Land available near Walmart and Purdue University.
      4312 Commerce Dr, Lafayette, IN 47905
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    946 Mezzanine Dr
    Lafayette, IN 47905
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    946 Mezzanine Dr, Lafayette, IN, 47905
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!