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Property profile & analytics
OFF-MARKET Estimated value $625,000
Theaters & concert halls

621 Broad St Griffith, IN 46319-3105

9,311 SF 6.32 ac lot Built 1963
Individually Owned 11-yr Hold ~ Est. High Equity
Property ID
US31-0299878
Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1963
Construction WOOD
Total area 9,311 SF
Lot 6.32 ac (275,430 SF)
Zoning code R3
APN 45-11-02-331-001.000-006
UPID US31-0299878
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Christian Faith Assembly Church
  • Griffith Soccer Club Sports School Sports Field & Court
  • Calvary Tabernacle Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
$790k
Blend (final) Blend
$625k
Owner & transaction history
Calvary Tabernacle Pentecostal Chru · 11 yrs held
Calvary Tabernacle Pentecostal Chru
since 2014
3 recorded transactions
2014
Price N/A
2012
$523,000
1969
Price N/A
Zoning & alternative use
R3 · Griffith, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

feet and located in the rear yard of an R1, R2, R3 or R4 zoned lot shall not be counted as an accessory structure or building, and subsequent structures of any size shall be considered accessory. All sheds, playhouses, dog houses, etc. in any zoning district, except R1, R2, R3 and R4, shall be considered accessory and require approval of a site plan by the p…

Zone name Single And Two Family Residence
General category RESIDENTIAL
Zone area 50.23 ac
Source code of ordinances
Top alternative use upside
Restaurant $810,000 +47.2%
Commercial (general) $710,000 +28.3%
Retail stores $620,000 +12.1%
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