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Property profile & analytics
OFF-MARKET
Estimated value
$11,670,000
Theaters & concert halls
13825 Norell Rd Noblesville, IN 46060-6602
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-0603469
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2007
Construction
TYPE NOT SPECIFIED
Total area
70,331 SF
Lot
5.05 ac (219,978 SF)
APN
29-11-23-000-023.101-021
UPID
US31-0603469
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
-
Emagine Cinema Theater & Performing Art Venue
-
Emagine Noblesville Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.81M
Blend (final)
Blend
$11.67M
Owner & transaction history
Bloomfield 14 LLC
Bloomfield 14 LLC
since 2026
Last sale
$11.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.1M
+51.5%
Commercial (general)
$8.5M
+6.2%
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 Noblesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Noblesville 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
Method
Estimation
Statistic approach
by Request
ML approach
$11,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$7,970,000
Current use
RESTAURANT
$12,070,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,465,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$7,005,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$11.67M
Range $10.50M – $12.84M · ±10% · vs last sale $11.71M (Mar 7 2023)
Last sale anchor
$11.71M
Mar 7 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$166 / SF
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
$187,982
Tax year 2023
Assessed value
$7,307,100
Assessed 2023
Previous assessed
$7,307,100
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$1,515,000
Assessed improvement
$5,792,100
Land market value
$1,515,000
Improvement market value
$5,792,100
Total market value
$7,307,100
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2007
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
70,331 SF
Lot
5.05 ac (219,978 SF)
APN
29-11-23-000-023.101-021
UPID
US31-0603469
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
THEATER (MOVIE) Current
Est. value
$8.0M
RESTAURANT
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$7.0M
THEATER (MOVIE) Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
5.05 ac
Current owner
From public records · entity-resolved
Bloomfield 14 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3838 LIVERNOIS RD #200, TROY, MI 48083-5066
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
—
Bloomfield 14 LLC
Dandiprat Real Estate Holdings LLC
Deed
—
Apr 9, 2024
—
Dandiprat Real Estate Holdings LLC
—
Deed
related
—
Mar 7, 2023
$11,708,403
Dandiprat Real Estate Holdings LLC
Spirit Master Funding X LLC
Special Warranty Deed
—
Sep 11, 2020
—
Spirit Master Funding X LLC
Svcn 3 LLC
Grant Deed
—
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.
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