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    Property profile & analytics

    818 Main St Lapel, IN 46051

    • Theaters & concert halls
    • 6,562 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Dec 01, 2020
    Location Intelligence
    Property ID
    US31-1197916
    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

    • Essential Desserts and Food Company / Catering Food And Drink Supplier
    • The Lodge on Main / Wedding Venue / Community Center
    • The River Lapel / Church

    Property Details for 818 Main St

    Year built
    1884
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.24 lot acres
    Property size
    6,562 SF
    Property type
    Theaters & concert halls
    APN
    48-10-28-104-138.000-032
    APU
    481028104138000032

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lapel
    County
    Madison
    State
    Indiana
    Longitude
    -85.8478
    Latitude
    40.0684
    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
    $2,808
    $6,000
    $90,900
    $96,900
    -
    $6,000
    $90,900
    $96,900

    Comparable in this City

    • Value Estimation
      $515,000
      26,996 SF

      925 Frd St

      THEATER (MOVIE) • 26,996 SF
      925 Frd St, Lapel, IN 46051-9681
      View Details
    • Value Estimation
      $385,000
      9,984 SF

      Walnut St

      THEATER (MOVIE) • 9,984 SF
      Walnut St, Lapel, IN 46051
      View Details
    • Value Estimation by Request
      0.20 Acres

      John St

      CHARITABLE ORGANIZATION • 0.20 Acres
      John St, Lapel, IN 46051
      View Details
    • Value Estimation by Request
      0.79 Acres

      620 Pendleton Ave

      VACANT COMMERCIAL LAND • 0.79 Acres
      620 Pendleton Ave, Lapel, IN 46051-9668
      View Details
    • Value Estimation by Request
      3,330 SF

      310 11th St

      PARKING GARAGE, PARKING STRUCTURE • 3,330 SF
      310 11th St, Lapel, IN 46051-9771
      View Details
    • Value Estimation by Request
      472 SF

      25 9th St

      RETAIL STORES (PERSONAL SERVICES) • 472 SF
      25 9th St, Lapel, IN 46051-5525
      View Details

    Similar Nearby for Sale

    • $149,900

      Lapel Duplex with Large Lot

      Two-unit duplex in Lapel, Indiana, with potential for updates.
      320 E 7Th St, Lapel, IN 46051
      View Details
    • $11,497,660
      148.88 Acres

      148 Acres Development Opportunity, Lapel

      Prime land parcel in Madison County with development potential.
      13 & 38 In Hwy, Lapel, IN 46051
      View Details
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    818 Main St
    Lapel, IN 46051
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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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