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    Property profile & analytics

    10982 State Rd 28 Frankfort, IN 46041-8926

    • Theaters & concert halls
    • 4,760 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Last Sale
    Jul 05, 2022
    Location Intelligence
    Property ID
    US31-2852729
    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

    • Theaters & concert halls

    Property Details for 10982 State Rd 28

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.70 lot acres
    Property size
    4,760 SF
    Property type
    Theaters & concert halls
    APN
    12-12-09-400-006.000-005
    APU
    121209400006000005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Clinton
    State
    Indiana
    Longitude
    -86.3005
    Latitude
    40.2732
    CBSA code
    23140
    CBSA name
    FRANKFORT, IN MICROPOLITAN 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
    $2,035
    $16,100
    $80,400
    $96,500
    -
    $16,100
    $80,400
    $96,500

    Comparable in this City

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      3,972 SF

      107 Mcclurg St

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      107 Mcclurg St, Frankfort, IN 46041-8384
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    • Value Estimation by Request
      4,280 SF

      1150 Clay St

      THEATER (MOVIE) • 4,280 SF
      1150 Clay St, Frankfort, IN 46041-3423
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    • Value Estimation
      $345,000
      5,616 SF

      952 Harrison St

      THEATER (MOVIE) • 5,616 SF
      952 Harrison St, Frankfort, IN 46041-1431
      View Details
    • Value Estimation
      $335,000
      7,500 SF

      1987 Jackson St

      THEATER (MOVIE) • 7,500 SF
      1987 Jackson St, Frankfort, IN 46041-3359
      View Details
    • Value Estimation by Request
      3,577 SF

      3109 County Rd 450th W

      THEATER (MOVIE) • 3,577 SF
      3109 County Rd 450th W, Frankfort, IN 46041-7416
      View Details
    • Value Estimation by Request
      1,500 SF

      County Rd 550th N

      THEATER (MOVIE) • 1,500 SF
      County Rd 550th N, Frankfort, IN 46041
      View Details

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    • New
      $60,000
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      Residential Lot in Frankfort, IN

      0.24-acre residential lot with city utilities in Frankfort, IN.
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    • $415,000
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      Frankfort Office Building - $415K

      Versatile 5,490 sq ft office space, ample parking.
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    Similar Nearby for Lease

    • Contact for pricing
      489,600 SF

      Industrial Building Available for Lease

      Industrial building with 195,000 - 1,194,000 SF available for lease.
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    • $650 /Mo
      750 SF

      Office Space For Rent

      Office space available for rent, great location and value.
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    • Contact for pricing
      761,600 SF

      Industrial Building Available for Lease

      Industrial building with 195,000 - 1,194,000 SF available for lease.
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    • $15 SF/Yr
      1,600 SF

      Retail Space with High Visibility

      Retail space with high visibility and ample parking available.
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      View Details
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    10982 State Rd 28
    Frankfort, IN 46041-8926
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    Realmo Value Estimation

    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.

    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.

    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
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