2600 Duncan RdLafayette, IN 47904

Property Details for 2600 Duncan Rd

Year built

1955

Construction

WOOD

Lot size

2.74 AC

Property size (Sq ft)

1,913 SF

Property type

Office properties

APN

79-07-16-100-019.000-005

APU

790716100019000005

Description

Exceptional investment opportunity in Lafayette, Indiana, featuring a 13,798 square foot flex/warehouse property at 2600 Duncan Road. This single-tenant, net-leased asset boasts a strong 6.91% cap rate and a substantial NOI of $68,771. The property, built between 1955 and 1970, sits on a 2.743-acre lot zoned I-3, offering ample space and parking. The building features seven dock-high doors and ceiling heights ranging from 12 to 14 feet, ideal for various industrial uses. Currently 100% occupied by a long-term tenant (Shambaugh & Son Inc. Ed Grace Division), a major US contractor established in 1926, under a lease expiring April 30, 2025, with options for a 2-5 year extension. The tenant is responsible for all taxes, insurance, and repairs, with the landlord responsible for structure and roof maintenance. The asking price is $995,000 ($72.11/sq ft), making this a compelling investment opportunity suitable for a 1031 exchange. The property's prime location on a busy corner near I-65 provides excellent visibility and accessibility. This is a rare chance to acquire a stable, high-performing industrial asset with a proven track record.

• CAP approach

  CAP return

  Valuation

  6%

  $696,755

  6.5%

  $643,158

  7%

  $597,218

• Comparable approach

  Method

  Valuation

  Relative Method

  $249,168

  Geo Method

  $249,168

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,298,270

  Retail / Commercial

  $659,475

  Mixed-Use / Specialty

  $652,181

  Hospitality / Lodging

  $472,049

  Institutional / Educational

  $676,239

  Residential Income

  $791,200

  Multifamily

  $976,324

  Automotive / Energy

  $579,633

  Parking / Income-Based Land

  $204,908

  Restaurant / Food Service

  $328,655

  Healthcare / Senior Housing

  $673,868

Location Insight

City

Lafayette

County

Tippecanoe

State

Indiana

Latitude

40.4465

Longitude

-86.8813

CBSA code

29200

CBSA name

LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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