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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Theaters & concert halls
Ss Old 41st At W County Rd 1100th Ss Old 41 Carlisle, IN 47838
Individually Owned
12-yr Hold
Free & Clear
Property ID
US31-2633799
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2014
Construction
WOOD
Total area
9,617 SF
Lot
7.97 ac (347,173 SF)
APN
77-14-28-000-010.000-009
UPID
US31-2633799
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Charles D Kirschner · 12 yrs held
Charles D Kirschner
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+39.9%
Auto repair, garage
$1.2M
+34.2%
Restaurant
$970,000
+11.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carlisle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carlisle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$865,000
Current use
WAREHOUSE, STORAGE
$1,215,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,165,000
Change: +34% · Conversion: Difficult
RESTAURANT
$970,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$885,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$76 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Assessed value
$789,100
Assessed 2023
Previous assessed
$812,000
-2.8% YoY
Assessed land
$26,000
Assessed improvement
$763,100
Land market value
$26,000
Improvement market value
$763,100
Total market value
$789,100
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
NONE
Stories
2
Total area
9,617 SF
Lot
7.97 ac (347,173 SF)
APN
77-14-28-000-010.000-009
UPID
US31-2633799
Jurisdiction
SULLIVAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
THEATER (MOVIE) Current
Est. value
$865,000
WAREHOUSE, STORAGE
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT
Est. value
$970,000
RETAIL STORES
Est. value
$885,000
COMMERCIAL (GENERAL)
Est. value
$825,000
THEATER (MOVIE) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
WOOD
Heating
NONE
Stories
2
Lot
7.97 ac
Current owner
From public records · entity-resolved
Charles D Kirschner
Individual
Free & Clear · 12 yrs held
Mailing address
PO BOX 55, CARLISLE, IN 47838-0055
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2013
$181,539
Charles D Kirschner
Indian Prairie Baptist Church
Warranty Deed
—
Jul 31, 2013
—
Indian Prairie Baptist Church
Dianna G Isaacs
Warranty Deed
—
Jul 30, 2013
—
Indian Prairie Baptist Church
Marilyn Mccammon
Warranty Deed
—
Jun 6, 2013
—
Kaleb Lawson
Stephanie Luttrell
Trustees Deed
related
—
Apr 1, 2009
—
Dianna G Isaacs
Doris J Jewett
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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