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

    2301 Main St Auburn, IN 46706-1029

    • Theaters & concert halls
    • 12,319 SF
    • 16.00 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1191020
    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

    • Auburn Church of the Nazarene / Church Of The Nazarene

    Property Details for 2301 Main St

    Year built
    2003
    Construction
    WOOD
    Lot size
    16.00 lot acres
    Property size
    12,319 SF
    Property type
    Theaters & concert halls
    APN
    17-06-20-200-034.000-025
    APU
    170620200034000025

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      THEATER (MOVIE)
      $555,000
      Current use
      COMMERCIAL (GENERAL)
      $900,000
      Change: +63% Conversion: Difficult
      RETAIL STORES
      $840,000
      Change: +52% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $810,000
      Change: +46% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $755,000
      Change: +37% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $660,000
      Change: +19% Conversion: Difficult
      WAREHOUSE, STORAGE
      $630,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Dekalb
    State
    Indiana
    Longitude
    -85.0499
    Latitude
    41.3936
    CBSA code
    12140
    CBSA name
    AUBURN, 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
    $724
    $645,700
    $1,237,500
    $1,883,200
    -
    $645,700
    $1,237,500
    $1,883,200

    Comparable in this City

    • Value Estimation by Request
      11,272 SF

      7716 County Line E Rd

      THEATER (MOVIE) • 11,272 SF
      7716 County Line E Rd, Auburn, IN 46706-9317
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    • Value Estimation by Request
      9,552 SF

      805 Old Brick Rd

      THEATER (MOVIE) • 9,552 SF
      805 Old Brick Rd, Auburn, IN 46706-3020
      View Details
    • Value Estimation
      $545,000
      12,000 SF

      427 Cr

      THEATER (MOVIE) • 12,000 SF
      427 Cr, Auburn, IN 46706
      View Details
    • Value Estimation by Request
      1,920 SF

      1721 Wayne St

      THEATER (MOVIE) • 1,920 SF
      1721 Wayne St, Auburn, IN 46706-3510
      View Details
    • Value Estimation by Request
      2,616 SF

      1006 Jackson St

      THEATER (MOVIE) • 2,616 SF
      1006 Jackson St, Auburn, IN 46706-2810
      View Details
    • Value Estimation
      $1,145,000
      25,242 SF

      1111 Smaltz Way

      THEATER (MOVIE) • 25,242 SF
      1111 Smaltz Way, Auburn, IN 46706-9597
      View Details

    Similar Nearby for Sale

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      1.06 Acres

      Auburn Commercial Lot: Prime Location

      1.06-acre commercial lot, ready to build.
      Auburn IN 7Th St, Auburn, IN 46706
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    • $345,000
      1.30 Acres

      Auburn Commercial Land - 1.3 Acres

      Prime Auburn, IN commercial lot. High visibility, easy access.
      0 Grandstaff Dr, Auburn, IN 46706
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    • $99,999
      0.45 Acres

      Auburn Office Land: Lot 2

      Prime Auburn Office Land - Ready to Develop
      1320 Grandstaff Dr, Auburn, IN 46706
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    • $450,000
      0.99 Acres

      Auburn Commercial Land - I-69 Visibility

      Prime 0.99-acre commercial lot, high traffic, I-69 access.
      0 Ley Dr, Auburn, IN 46706
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    • Contact for pricing

      Auburn Shoppes Development Land

      Land available within Auburn Shoppes Development.
      403 Smaltz Way, Auburn, IN 46706
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    • $450,000

      Auburn Commercial Development Land For Sale

      Prime development land with high visibility and traffic flow.
      225 Ley Dr, Auburn, IN 46706
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    Similar Nearby for Lease

    • Contact for pricing
      1,798 SF

      New Retail Space Available

      New construction retail space with customizable finishes and high traffic.
      1520 Shook Dr, Auburn, IN 46706
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    • $13 SF/Yr
      3,168 SF

      Retail Space Near I-69

      Retail space in well-trafficked corridor near I-69 and major retailers.
      1031-1077 Smaltz Way, Auburn, IN 46706
      View Details
    • Contact for pricing
      3,550 SF

      Prime Retail/Office Location Available

      Build-to-suit lots in Auburn Shoppes with high visibility.
      1077 Smaltz Way, Auburn, IN 46706
      View Details
    • $7 SF/Yr
      24,000 SF

      New Industrial Building Pre-Leasing

      New 24,000 SF industrial building available for lease.
      1687 W Auburn Dr, Auburn, IN 46706
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    • $25 SF/Yr
      7,050 SF

      Auburn Strip Mall - Prime Location

      7,050 SF Retail Center, 3 Suites Available
      406 Smaltz Way, Auburn, IN 46706
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Kroger Plaza

      Retail spaces available in Kroger anchored Auburn Plaza.
      1015-1047 W 7Th St, Auburn, IN 46706
      View Details
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    2301 Main St
    Auburn, IN 46706-1029
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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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