Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    505 Simpson Chapel Rd Bloomington, IN 47404-9426

    • Theaters & concert halls
    • 3,738 SF
    • 2.15 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Last Sale
    Dec 29, 2022
    Location Intelligence
    Property ID
    US31-0903081
    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 505 Simpson Chapel Rd

    Year built
    1950
    Construction
    WOOD
    Lot size
    2.15 lot acres
    Property size
    3,738 SF
    Property type
    Theaters & concert halls
    APN
    53-02-28-100-009.000-017
    APU
    530228100009000017

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.5251
    Latitude
    39.28
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, 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
    $54
    $86,000
    $71,800
    $157,800
    -
    $86,000
    $71,800
    $157,800

    Comparable in this City

    • Value Estimation by Request
      4,069 SF

      141 Adams St

      THEATER (MOVIE) • 4,069 SF
      141 Adams St, Bloomington, IN 47404-3679
      View Details
    • Value Estimation
      $385,000
      14,520 SF

      1300 Loesch Rd

      THEATER (MOVIE) • 14,520 SF
      1300 Loesch Rd, Bloomington, IN 47404-9108
      View Details
    • Value Estimation by Request
      41,691 SF

      2929 3rd St

      THEATER (MOVIE) • 41,691 SF
      2929 3rd St, Bloomington, IN 47404-5236
      View Details
    • Value Estimation by Request
      1,800 SF

      8433 State Rd 43

      THEATER (MOVIE) • 1,800 SF
      8433 State Rd 43, Bloomington, IN 47404-9121
      View Details
    • Value Estimation by Request
      1,480 SF

      8293 State Rd 48

      THEATER (MOVIE) • 1,480 SF
      8293 State Rd 48, Bloomington, IN 47404-9767
      View Details
    • Value Estimation
      $325,000
      3,520 SF

      3701 Stoneybrook Blvd

      THEATER (MOVIE) • 3,520 SF
      3701 Stoneybrook Blvd, Bloomington, IN 47404-1578
      View Details

    Similar Nearby for Sale

    • $375,000
      10.64 Acres

      Bloomington Agricultural Land Opportunity

      Estate-sized parcels near schools with available utilities and privacy.
      Raubs Ln, Bloomington, IN 47404
      View Details
    • $3,500,000
      0.80 Acres

      Bloomington Office Building For Sale

      Three-story office building with high occupancy and income potential.
      1720 N Kinser Pike, Bloomington, IN 47404
      View Details
    • $369,900

      Bloomington Office with Private Parking

      Office suite with reception, workspaces, and private parking.
      1602 W 3Rd St, Bloomington, IN 47404
      View Details
    • $2,350,000
      38.79 Acres

      Bloomington Development Land Opportunity

      Prime residential development land available in Bloomington, Indiana.
      Reeves Rd, Bloomington, IN 47404
      View Details
    • $1,700,000
      8.58 Acres

      Bloomington Commercial Land Opportunity

      8.5-acre commercial land near IU Health Southern Indiana Physicians.
      4833 W Arlington Rd, Bloomington, IN 47404
      View Details
    • $6,500,000
      27,767 SF

      Retail Property in Bloomington, Indiana

      Retail property available for sale in Bloomington, Indiana.
      2813 E 3Rd St, Bloomington, IN 47404
      View Details

    Similar Nearby for Lease

    • $1,999 /Mo
      2,500 SF

      Versatile Flex Space in Bloomington

      2,500 SF flex space suitable for office or industrial use.
      200 S Westplex Ave, Bloomington, IN 47404
      View Details
    • $1,100 /Mo
      378 SF

      Office Space in Downtown Bloomington

      378 SF office space with natural light and free parking.
      118 S Rogers St, Bloomington, IN 47404
      View Details
    • $18 SF/Yr
      8,000 SF

      Bloomington Retail/Office Space Available

      8000 SF retail or office space on West 3rd Street.
      3470 W 3Rd St, Bloomington, IN 47404
      View Details
    • $900 /Mo
      462 SF

      Office Space in Fourth Street Plaza

      Office space for lease near downtown Bloomington with paid utilities.
      118 S Rogers St, Bloomington, IN 47404
      View Details
    • $14 SF/Yr
      1,440 SF

      Historic Office Space in Bloomington

      Affordable office suite in a recognizable downtown Bloomington building.
      400 W 7Th St, Bloomington, IN 47404
      View Details
    • $16 SF/Yr
      6,172 SF

      Downtown Bloomington Office Space Available

      6,172 SF office space in downtown Bloomington for lease.
      116 W 6Th St, Bloomington, IN 47404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 Simpson Chapel Rd
    Bloomington, IN 47404-9426
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.