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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1602 Stanley Rd Plainfield, IN 46168-2361

    • Theaters & concert halls
    • 2,968 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1201552
    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

    • Plainfield Apostolic Church / Apostolic Church

    Property Details for 1602 Stanley Rd

    Year built
    1968
    Construction
    WOOD
    Lot size
    1.00 lot acres
    Property size
    2,968 SF
    Property type
    Theaters & concert halls
    APN
    32-10-36-365-007.000-012
    APU
    321036365007000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $144,000
      Market price range: $63.5k - $280k

    • Alternative Use

      Use
      Estimation
      THEATER (MOVIE)
      $185,000
      Current use
      COMMERCIAL (GENERAL)
      $235,000
      Change: +27% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $210,000
      Change: +14% Conversion: Difficult
      MEDICAL BUILDING
      $175,000
      Change: -5% Conversion: Difficult
      RETAIL STORES
      $150,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3791
    Latitude
    39.6901
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN 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
    $80,000
    $59,300
    $139,300
    -
    $80,000
    $59,300
    $139,300

    Comparable in this City

    • Value Estimation
      $925,000
      93,257 SF

      2490 Futura Pkwy

      THEATER (MOVIE) • 93,257 SF
      2490 Futura Pkwy, Plainfield, IN 46168-2579
      View Details
    • Value Estimation
      $265,000
      4,250 SF

      4566 County Rd 600th E

      THEATER (MOVIE) • 4,250 SF
      4566 County Rd 600th E, Plainfield, IN 46168-8765
      View Details
    • Value Estimation
      $245,000
      1,680 SF

      302 Vine St

      THEATER (MOVIE) • 1,680 SF
      302 Vine St, Plainfield, IN 46168-1026
      View Details
    • Value Estimation
      $220,000
      2,124 SF

      645 Harding St

      THEATER (MOVIE) • 2,124 SF
      645 Harding St, Plainfield, IN 46168
      View Details
    • Value Estimation
      $195,000
      14,823 SF

      2125 Reeves Rd

      THEATER (MOVIE) • 14,823 SF
      2125 Reeves Rd, Plainfield, IN 46168
      View Details
    • Value Estimation
      $335,000
      9,836 SF

      168 Lawndale Dr

      THEATER (MOVIE) • 9,836 SF
      168 Lawndale Dr, Plainfield, IN 46168-1759
      View Details

    Similar Nearby for Sale

    • $3,100,000
      14.49 Acres

      Plainfield Land Investment Opportunity

      14+/- acre parcel suitable for commercial, industrial, or residential development.
      13 Plainfield Park, Plainfield, IN 46168
      View Details
    • Contact for pricing
      70,425 SF

      70,425 SF Industrial Warehouse

      Divisible 70,425 SF warehouse with interstate access in Plainfield, Indiana.
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    • Contact for pricing

      Airwest Business Park Land

      5.09 acres in Airwest Business Park, zoned I-1.
      900 Whitaker Rd, Plainfield, IN 46168
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    • $49,900
      Pending

      Residential Lot in Hickory Woods

      Wooded, sloping 0.42 acre lot in Plainfield, Indiana.
      6960 Mockernut Ct, Plainfield, IN 46168
      View Details
    • $1,550,000
      7,200 SF

      Plainfield Shopping Center Investment

      6-Unit Retail Center, 100% Occupied
      2028 Stafford Rd, Plainfield, IN 46168
      View Details
    • $1,725,000
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      Plainfield Commercial Land - 4.42 Acres

      Prime Commercial Land, Plainfield, IN
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Main St Crossing Retail Space

      1200 SF Retail Space in Plainfield, IN
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      View Details
    • Contact for pricing
      43,560 SF

      Plainfield Retail Outlot Ground Lease

      Prime 1-Acre Retail Ground Lease Opportunity
      2560 Main St, Plainfield, IN 46168
      View Details
    • Contact for pricing
      956 SF

      Meijer In-Store Retail Space

      956 sq ft, prime Midwest location
      400 Dan Jones Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      47,977 SF

      Plainfield Warehouse Space Available

      Industrial warehouse space available for lease in Plainfield, Indiana.
      851 Columbia Rd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      120,430 SF

      Industrial Warehouse Near Airport

      553,695 SF warehouse with easy highway access.
      2516-2532 Airwest Blvd, Plainfield, IN 46168
      View Details
    • Contact for pricing
      13,093 SF

      Plainfield Retail Center - Now Leasing

      13,000 SF Retail Space, Prime Location
      772 Dan Jones Rd, Plainfield, IN 46168
      View Details
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    1602 Stanley Rd
    Plainfield, IN 46168-2361
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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