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    Property profile & analytics

    1395 500th N Marion, IN 46952-9102

    • Theaters & concert halls
    • 3,936 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 15, 2024
    Location Intelligence
    Property ID
    US31-1759264
    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

    • Jalapa Road School / Historical Landmark

    Property Details for 1395 500th N

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.56 lot acres
    Property size
    3,936 SF
    Property type
    Theaters & concert halls
    APN
    27-03-14-100-006.000-022
    APU
    270314100006000022

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.7023
    Latitude
    40.6253
    CBSA code
    31980
    CBSA name
    MARION, 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
    $0.00
    $22,200
    $75,800
    $98,000
    -
    $22,200
    $75,800
    $98,000

    Comparable in this City

    • Value Estimation by Request
      2,880 SF

      1502 Nelson St

      THEATER (MOVIE) • 2,880 SF
      1502 Nelson St, Marion, IN 46952-3518
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    • Value Estimation by Request
      35,801 SF

      713 Theatre Dr

      THEATER (MOVIE) • 35,801 SF
      713 Theatre Dr, Marion, IN 46952-1710
      View Details
    • Value Estimation by Request
      12,083 SF

      359 Bradner Ave

      THEATER (MOVIE) • 12,083 SF
      359 Bradner Ave, Marion, IN 46952-3337
      View Details
    • Value Estimation
      $480,000
      21,739 SF

      304 Miller Ave

      THEATER (MOVIE) • 21,739 SF
      304 Miller Ave, Marion, IN 46952-2307
      View Details
    • Value Estimation
      $380,000
      10,340 SF

      520 Bradner Ave

      THEATER (MOVIE) • 10,340 SF
      520 Bradner Ave, Marion, IN 46952-2450
      View Details
    • Value Estimation by Request
      32,468 SF

      2015 300th W

      THEATER (MOVIE) • 32,468 SF
      2015 300th W, Marion, IN 46952-9254
      View Details

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    Similar Nearby for Lease

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      Drive-Thru Restaurant Opportunity

      672 SF retail space with drive-thru potential for lease.
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    • $10 SF/Yr
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    Marion, IN 46952-9102
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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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