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

    7122 School Rd Avon, IN 46123

    • Theaters & concert halls
    • 2,479 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1301322
    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 7122 School Rd

    Year built
    1991
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.75 lot acres
    Property size
    2,479 SF
    Property type
    Theaters & concert halls
    APN
    32-10-11-115-010.000-031
    APU
    321011115010000031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $234,000
      Market price range: $53.1k - $234k

    • Alternative Use

      Use
      Estimation
      THEATER (MOVIE)
      $155,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3975
    Latitude
    39.7606
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, 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
    $187,500
    $93,500
    $281,000
    -
    $187,500
    $93,500
    $281,000

    Comparable in this City

    • Value Estimation
      $110,000
      13,056 SF

      10068 Us Hwy 36

      THEATER (MOVIE) • 13,056 SF
      10068 Us Hwy 36, Avon, IN 46123-7770
      View Details
    • Value Estimation
      $235,000
      11,580 SF

      7510 County Rd 100th N

      THEATER (MOVIE) • 11,580 SF
      7510 County Rd 100th N, Avon, IN 46123-7928
      View Details
    • Value Estimation
      $250,000
      23,280 SF

      420 Gable Xing Dr

      THEATER (MOVIE) • 23,280 SF
      420 Gable Xing Dr, Avon, IN 46123-7014
      View Details
    • Value Estimation
      $695,000
      60,137 SF

      10400 Us Hwy 36

      THEATER (MOVIE) • 60,137 SF
      10400 Us Hwy 36, Avon, IN 46123-7001
      View Details
    • Value Estimation
      $310,000
      3,988 SF

      4285 Main St

      THEATER (MOVIE) • 3,988 SF
      4285 Main St, Avon, IN 46123-9174
      View Details
    • Value Estimation
      $245,000
      2,550 SF

      5706 County Rd 100th N

      THEATER (MOVIE) • 2,550 SF
      5706 County Rd 100th N, Avon, IN 46123-8514
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Avon Land for Sale

      One acre of land with immediate highway access.
      8550 Kingston St, Avon, IN 46123
      View Details
    • Contact for pricing

      Commercial Land Near Gable Crossing

      Commercial land with dual signalized entry near shopping center.
      168 Avon Village Pkwy, Avon, IN 46123
      View Details
    • $649,000
      4.00 Acres

      Avon, Indiana Residential Development Land

      Four acre residential development opportunity in Avon, Indiana.
      8505 E County Road 100 N, Avon, IN 46123
      View Details
    • Contact for pricing
      3.77 Acres

      Avon Commercial Land - Hwy 36

      3.77 Acres, C-2 Zoning, High Visibility
      8339 Us Highway 36, Avon, IN 46123
      View Details
    • $3,524,000
      3,020 SF

      New Chipotle with Drive-Thru

      New 15-year NNN lease Chipotle with drive-thru.
      7518 Beechwood Centre Rd, Avon, IN 46123
      View Details
    • $8,700,000
      21,923 SF

      Healthcare Facility Ready For Redevelopment

      Vacant 21,923 SF healthcare facility suitable for redevelopment.
      10241 E County Road 100 N, Avon, IN 46123
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      5,840 SF

      Visible Office Space For Rent

      Office space with high visibility and easy highway access.
      6845 E Us Highway 36, Avon, IN 46123
      View Details
    • $22 SF/Yr
      2,000 SF

      Retail Space in Avon, Indiana

      Retail space available for lease in Avon, Indiana.
      10224-10242 E Us Highway 36, Avon, IN 46123
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land with dual signalized entry in Avon, Indiana.
      204 Avon Village Dr, Avon, IN 46123
      View Details
    • $11 SF/Yr
      49,000 SF

      Avon Flex Space: 49,000 SF

      Two Industrial Buildings, Prime Avon Location
      8131 Kingston St, Avon, IN 46123
      View Details
    • $15 SF/Yr
      37,175 SF

      Avon Office Space: 3 Buildings

      Prime Avon office space, multiple suites available.
      5250 Us Highway 36, Avon, IN 46123
      View Details
    • $216 SF/Yr
      4,805 SF

      Avon Commercial Space - 100 Suites

      Modern Avon office, flex, & warehouse space.
      1691 Ronald Reagan Pkwy, Avon, IN 46123
      View Details
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    7122 School Rd
    Avon, IN 46123
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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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