Individually Owned Property summary
This exceptional 23+ acre property presents a unique investment opportunity in Versailles, Indiana. Currently operating as the beloved Bel Air Drive-In movie theater for over 73 years, this iconic location boasts significant potential for diverse uses. The property features frontage on two roads, providing excellent accessibility. Improvements include a 1000 square foot concession building offering a variety of food and drink options, a projector room equipped for digital movie downloads,… and an office. Three oversized pole barn garages provide ample storage space. The expansive grounds also include several large ponds and approximately 12-14 acres of woodlands. The property's versatility allows for various development options, including subdivision for residential building sites, the installation of storage units, potential solar fields, or the creation of a recreational/campground. Its prime location offers easy access to major metropolitan areas, being less than an hour from Cincinnati, Ohio and Florence, Kentucky, and approximately 75 miles from both Indianapolis and Louisville, Kentucky. This nostalgic property offers a blend of established business and significant future development potential, making it an attractive investment for those seeking a unique and versatile asset. The existing drive-in theater provides immediate income potential while the vast acreage allows for a wide range of future development possibilities.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 968 SF
- Lot area
- 4 ac
- Year built
- 1952
- Stories
- 1
- APN
- 69-13-02-300-029.000-013
- Assessed value · 2023
- $203,700
- Annual tax · 2023
- $3,402
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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