Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    817 Park Ave Angola, IN 46703-1771

    • Theaters & concert halls
    • 106,538 SF
    • 30.00 lot acres
    OFF-MARKET
    Value Estimations
    $3,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2967419
    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 817 Park Ave

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    30.00 lot acres
    Property size
    106,538 SF
    Property type
    Theaters & concert halls
    APN
    76-06-27-000-066.000-012
    APU
    760627000066000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      THEATER (MOVIE)
      $4,455,000
      Current use
      WAREHOUSE, STORAGE
      $4,260,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Angola
    County
    Steuben
    State
    Indiana
    Longitude
    -85.014
    Latitude
    41.6346
    CBSA code
    11420
    CBSA name
    ANGOLA, IN MICROPOLITAN 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
    $922,500
    $6,825,700
    $7,748,200
    -
    $922,500
    $6,825,700
    $7,748,200

    Comparable in this City

    • Value Estimation by Request
      10,602 SF

      1297 200th W

      THEATER (MOVIE) • 10,602 SF
      1297 200th W, Angola, IN 46703-9169
      View Details
    • Value Estimation by Request
      936 SF

      2955 Orland Rd

      THEATER (MOVIE) • 936 SF
      2955 Orland Rd, Angola, IN 46703-8043
      View Details
    • Value Estimation by Request
      4,207 SF

      2140 850th E

      THEATER (MOVIE) • 4,207 SF
      2140 850th E, Angola, IN 46703
      View Details
    • Value Estimation by Request
      1,491 SF

      650 Old State Rd 1st 1

      THEATER (MOVIE) • 1,491 SF
      650 Old State Rd 1st 1, Angola, IN 46703
      View Details
    • Value Estimation by Request
      5,640 SF

      400 Henry St

      THEATER (MOVIE) • 5,640 SF
      400 Henry St, Angola, IN 46703-1105
      View Details
    • Value Estimation by Request
      10,292 SF

      2005 Wayne St Sta, Unit A

      THEATER (MOVIE) • 10,292 SF
      2005 Wayne St Sta, Angola, IN 46703-9103
      View Details

    Similar Nearby for Sale

    • $289,000
      1.50 Acres

      Prime Commercial Land in Angola

      High-visibility 1.5-acre commercial land near James Chain and Crooked Lake.
      2530 N 200 W, Angola, IN 46703
      View Details
    • $299,500
      21.21 Acres

      21.206 Acres Hunting/Home Site

      21.206 acres for hunting and building a dream home.
      E Metz Rd, Angola, IN 46703
      View Details
    • $310,000
      0.49 Acres

      Prime Angola Commercial Property

      Versatile building, high potential.
      107 Felicity St, Angola, IN 46703
      View Details
    • Contact for pricing

      Prime Land Near I-69

      Commercially zoned land with frontage on US 20.
      N Gerald Lett Ave, Angola, IN 46703
      View Details
    • Contact for pricing

      Mixed-Use Commercial Building For Sale

      Confidential mixed-use/commercial building in Angola, Indiana, available for purchase.
      100 W Maumee St, Angola, IN 46703
      View Details
    • Contact for pricing

      Prime Angola Land Opportunity

      Land with high traffic, near Pokagon State Park and lakes.
      599 W 400 N, Angola, IN 46703
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      48,330 SF

      Angola Warehouse Space Available

      48,330 SF warehouse space for lease in Angola, Indiana.
      701 W Mill St, Angola, IN 46703
      View Details
    • $800 /Mo
      6,580 SF

      Office Space in Angola, Indiana

      Upstairs office suite with reception area and private offices.
      603 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing

      Retail Center Near Major Anchors

      26,450 SF retail center with high visibility and access.
      3308 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing

      Country Fair Plaza Retail Space

      Premier shopping destination in Angola, Indiana with strong anchor tenants.
      1801 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing

      Retail or Office Location

      Retail or office suites with high visibility and traffic counts.
      1202 W Maumee St, Angola, IN 46703
      View Details
    • $12 SF/Yr
      2,410 SF

      Retail Space Near Trine University

      Retail space with high visibility near Trine University for lease.
      1202 W Maumee St, Angola, IN 46703
      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.
    817 Park Ave
    Angola, IN 46703-1771
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!