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Property profile & analytics
OFF-MARKET
Theaters & concert halls
116 Van Rensselaer St Rensselaer, IN 47978-2815
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-1054425
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1928
Construction
TYPE NOT SPECIFIED
Total area
4,876 SF
Lot
0.12 ac (5,271 SF)
Zoning code
BUFF
APN
37-07-30-003-017.078-027
UPID
US31-1054425
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
law offices of robert v monfort Law Firm
-
Ritz Cinema Cinema Theater & Performing Art Venue
-
Hearing Care Professionals Medical Clinic
-
Kvworks Inc Business Service Center Employment Agency
-
Cutting Room Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Truth Bible Church INC · 1 yrs held
Truth Bible Church INC
since 2024
2 recorded transactions
Zoning & alternative use
BUFF · Rensselaer, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rensselaer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rensselaer submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,673
Tax year 2023
Assessed value
$137,000
Assessed 2023
Previous assessed
$137,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$14,000
Assessed improvement
$123,000
Land market value
$14,000
Improvement market value
$123,000
Total market value
$137,000
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1928
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
4,876 SF
Lot
0.12 ac (5,271 SF)
Zoning code
BUFF
APN
37-07-30-003-017.078-027
UPID
US31-1054425
Jurisdiction
JASPER
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
BUFF · Rensselaer, IN
Zoning BUFF · permitted uses
BUFF · Rensselaer, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rensselaer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Truth Bible Church INC
Entity
Mailing address
15151 W 800TH ST S, FRANCESVILLE, IN 47946-8022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
—
Truth Bible Church INC
Ritz Cinema LLC
Limited Warranty Deed
—
Feb 13, 2019
—
Ritz Cinema LLC
—
Deed
related
$19,487 · Del Principe & Allie Caps PC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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