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    Property profile & analytics

    502 Main St Centerpoint, IN 47840

    • Theaters & concert halls
    • 3,740 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2536204
    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

    • Theaters & concert halls

    Property Details for 502 Main St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    3,740 SF
    Property type
    Theaters & concert halls
    APN
    11-07-04-400-086.000-015
    APU
    110704400086000015

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Centerpoint
    County
    Clay
    State
    Indiana
    Longitude
    -87.0757
    Latitude
    39.4165
    CBSA code
    45460
    CBSA name
    TERRE HAUTE, 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
    $6,100
    $77,600
    $83,700
    -
    $6,100
    $77,600
    $83,700

    Comparable in this City

    • Value Estimation by Request
      4,500 SF

      850 State Rd 59

      THEATER (MOVIE) • 4,500 SF
      850 State Rd 59, Centerpoint, IN 47840-8268
      View Details
    • Value Estimation by Request
      0.02 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.02 Acres
      Main St, Centerpoint, IN 47840
      View Details
    • Value Estimation by Request
      71.15 Acres

      Centerpoint, IN 47840

      VACANT COMMERCIAL LAND • 470 SF
      Centerpoint, IN 47840
      View Details
    • Value Estimation
      $440,000
      6,592 SF

      1076 County Rd 300th N

      STORAGE YARD, OPEN STORAGE • 6,592 SF
      1076 County Rd 300th N, Centerpoint, IN 47840-8296
      View Details
    • Value Estimation by Request
      0.17 Acres

      309 Main St

      CHARITABLE ORGANIZATION • 0.17 Acres
      309 Main St, Centerpoint, IN 47840-8408
      View Details
    • Value Estimation by Request
      1,896 SF

      Gilbert St

      COMMERCIAL (GENERAL) • 1,896 SF
      Gilbert St, Centerpoint, IN 47840
      View Details

    Similar Nearby for Sale

    • $590,000
      58.46 Acres

      Income-Producing Land Near Center Point

      58 acres with income, recreation, and investment potential.
      State Road 46, Center Point, IN 47840
      View Details
    • $89,999
      6.00 Acres

      6 Acres Residential Lot

      6 acre residential lot with lake near Ashboro, Indiana.
      E Ashboro Rd, Center Point, IN 47840
      View Details
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    502 Main St
    Centerpoint, IN 47840
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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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