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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Theaters & concert halls
14864 101st Ave, Dyer, IN 46311-3028
Individually Owned
8-yr Hold
Free & Clear
Property ID
US31-0448062
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1996
Construction
WOOD
Total area
9,000 SF
Lot
4.63 ac (201,683 SF)
Zoning code
R3
APN
45-10-36-451-009.000-032
UPID
US31-0448062
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
-
Peace Protestant Reformed Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$565k
Owner & transaction history
Peace Protestant Reformed Ch I · 8 yrs held
Peace Protestant Reformed Ch I
since 2017
2 recorded transactions
Zoning & alternative use
R3 · Dyer, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$785,000
+47.2%
Auto repair, garage
$735,000
+38.0%
Retail stores
$630,000
+17.8%
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 Dyer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dyer 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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$535,000
Current use
RESTAURANT
$785,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$735,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$630,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$505,000
Change: -5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$505,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$500,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
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
$63 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$18,311
Tax year 2022
Assessed value
$1,108,900
Assessed 2023
Previous assessed
$1,000,100
+10.9% YoY
Effective rate
1.65%
On assessed value
Assessed land
$398,500
Assessed improvement
$710,400
Land market value
$398,500
Improvement market value
$710,400
Total market value
$1,108,900
Applied tax rate
32.0000
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
1996
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,000 SF
Lot
4.63 ac (201,683 SF)
Zoning code
R3
APN
45-10-36-451-009.000-032
UPID
US31-0448062
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
R3 · Dyer, IN
Zoning R3 · permitted uses
R3 · Dyer, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dyer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
THEATER (MOVIE) Current
Est. value
$535,000
RESTAURANT
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$735,000
RETAIL STORES
Est. value
$630,000
MEDICAL BUILDING
Est. value
$505,000
INDUSTRIAL (GENERAL)
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$500,000
THEATER (MOVIE) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1996
Construction
WOOD
Heating
NONE
Stories
1
Lot
4.63 ac
Current owner
From public records · entity-resolved
Peace Protestant Reformed Ch I
Individual
Free & Clear · 8 yrs held
Mailing address
14864 W 101ST AVE, DYER, IN 46311-3028
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Dec 28, 2017
—
Peace Protestant Reformed Ch I
Peace Protestant Reformed Ch
Quit Claim Deed
related
—
Aug 31, 2017
$450,000
Peace Protestant Reformed Ch
New Hope Cmnty Ch Of Nazarene INC
Warranty 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.
Try Rey
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