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    Property profile & analytics

    51287 County Rd 7th 7 Elkhart, IN 46514-8820

    • Theaters & concert halls
    • 18,666 SF
    • 12.83 lot acres
    OFF-MARKET
    Value Estimation
    $430,000
    Last Sale
    Jul 07, 2023
    Location Intelligence
    Property ID
    US31-0732656
    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 51287 County Rd 7th 7

    Year built
    1989
    Construction
    WOOD
    Lot size
    12.83 lot acres
    Property size
    18,666 SF
    Zone code
    ZO01
    Property type
    Theaters & concert halls
    APN
    20-02-18-251-002.000-026
    APU
    200218251002000026

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.994
    Latitude
    41.7487
    CBSA code
    21140
    CBSA name
    ELKHART-GOSHEN, 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
    $308
    $126,500
    $525,600
    $652,100
    -
    $126,500
    $525,600
    $652,100

    Comparable in this City

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      29400 County Rd 10

      THEATER (MOVIE) • 14,080 SF
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    • Value Estimation
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      29635 County Rd 10

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    • Value Estimation
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      51586 County Rd 5th 5

      THEATER (MOVIE) • 4,630 SF
      51586 County Rd 5th 5, Elkhart, IN 46514-9680
      View Details
    • Value Estimation
      $370,000
      5,116 SF

      2913 Bristol St

      THEATER (MOVIE) • 5,116 SF
      2913 Bristol St, Elkhart, IN 46514-4342
      View Details

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    Similar Nearby for Lease

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      Elkhart Flex Space: 18,532 SF

      Prime Elkhart flex space available. 10,032 SF vacant.
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    • $6,000 /Mo
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      Elkhart Development Land For Rent

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      Varied spaces for rent, ideal for small businesses and startups.
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    51287 County Rd 7th 7
    Elkhart, IN 46514-8820
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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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