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

    2807 Theater Ave Huntington, IN 46750

    • Commercial real estate
    • 34,412 SF
    • 0.79 lot acres
    For Sale
    View listing
    $598,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1874133
    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

    • Commercial real estate

    Property Details for 2807 Theater Ave

    Lot size
    0.79 lot acres
    Property size
    34,412 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.79-acre commercial property at 2807 Theater Avenue in Huntington, Indiana, presents a unique investment opportunity. The 34,412-square-foot lot currently houses a well-established floral shop, complete with all equipment, a 2020 Ford Transit delivery van, and approximately $16,000 worth of inventory, including two additional coolers with a new compressor. The existing business enjoys a strong market presence and high sales volume, offering a turnkey operation for a new owner. Adding to the property's value is a heated garage with new garage door openers and a recently installed slate roof costing $52,149. An upstairs apartment generates additional income, currently rented for $1200 per month. The seller is offering assistance during the transition to ensure a smooth handover to the new owner. This property is located in Huntington County, Indiana, zip code 46750, and offers significant potential for continued success and growth. Additional details are available upon request. Asking price: $598,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntington
    County
    Huntington
    State
    Indiana
    Longitude
    -85.5211385
    Latitude
    40.8967076

    Comparable in this City

    • $595,000
      0.23 Acres

      Huntington, IN Commercial Land

      Prime 0.23-acre lot, $595,000
      602 Jefferson St, Huntington, IN 46750
      View Details
    • $136,778
      1.57 Acres

      Huntington, IN Special Purpose Property

      Prime Location, 1.57 Acres, $136,778
      1 Sulai Dr, Huntington, IN 46750
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    • $598,000
      0.79 Acres

      Established Floral Shop For Sale

      Thriving floral shop with equipment, inventory, and rental income.
      2807 Theater Ave, Huntington, IN 46750
      View Details
    • $120,000

      Prime Commercial Land Opportunity

      Two adjoining parcels totaling 5.82 acres for commercial development.
      Northpark Ave, Huntington, IN 46750
      View Details
    • $459,900
      2.23 Acres

      Commercial Land in Prime Location

      2.23 acres of commercial land in Huntington, Indiana.
      Wal Mart Dr, Huntington, IN 46750
      View Details
    • Contact for pricing
      1.68 Acres

      Residential Land in Huntington, IN

      1.682 acre residential lot available in Huntington, Indiana.
      1225 Stintson Dr, Huntington, IN 46750
      View Details

    Similar Nearby for Sale

    • $595,000
      0.23 Acres

      Huntington, IN Commercial Land

      Prime 0.23-acre lot, $595,000
      602 Jefferson St, Huntington, IN 46750
      View Details
    • $136,778
      1.57 Acres

      Huntington, IN Special Purpose Property

      Prime Location, 1.57 Acres, $136,778
      1 Sulai Dr, Huntington, IN 46750
      View Details
    • $598,000
      0.79 Acres

      Established Floral Shop For Sale

      Thriving floral shop with equipment, inventory, and rental income.
      2807 Theater Ave, Huntington, IN 46750
      View Details
    • $220,000

      Commercial Land Parcels For Sale

      Two adjacent commercial land parcels totaling approximately 5.82 acres.
      E Northpoint Ave, Huntington, IN 46750
      View Details
    • $120,000

      Prime Commercial Land Opportunity

      Two adjoining parcels totaling 5.82 acres for commercial development.
      Northpark Ave, Huntington, IN 46750
      View Details
    • Contact for pricing
      1.68 Acres

      Residential Land in Huntington, IN

      1.682 acre residential lot available in Huntington, Indiana.
      1225 Stintson Dr, Huntington, IN 46750
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      74,400 SF

      Northeast Huntington Industrial Space

      Industrial space for lease in Northeast Huntington with easy access.
      1230 Sabine St, Huntington, IN 46750
      View Details
    • Contact for pricing
      4,550 SF

      Retail Space in Huntington Redevelopment

      Retail space available in a redeveloped Huntington shopping center.
      2727 Guilford St, Huntington, IN 46750
      View Details
    • $14 SF/Yr
      9,184 SF

      Huntington Office Suites For Lease

      Office suites available in well-maintained, professionally managed Huntington building.
      2806 Theater Ave, Huntington, IN 46750
      View Details
    • $3 SF/Yr
      74,400 SF

      Sabine Warehouse: Prime Industrial Space

      74,400 SF Warehouse, 6.63 Acres, 7 Docks
      1230 Sabine St, Huntington, IN 46750
      View Details
    • $500,000
      11,100 SF

      Retail Space Near Walmart

      Up to 11,100 SF retail space near Walmart.
      Wal Mart Dr, Huntington, IN 46750
      View Details
    • $10 SF/Yr
      14,434 SF

      Huntington Medical Office Building

      Prime Medical Office Space Available
      2859 Northpark Ave, Huntington, IN 46750
      View Details
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    2807 Theater Ave
    Huntington, IN 46750
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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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