Sign Up Successful!
You now have access to more from Realmo!
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

    State Rd 43 Bloomington, IN 47404

    • Theaters & concert halls
    • 720 SF
    • 1.12 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1438735
    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 State Rd 43

    Year built
    1982
    Construction
    WOOD
    Lot size
    1.12 lot acres
    Property size
    720 SF
    Property type
    Theaters & concert halls
    APN
    60-17-36-100-050.000-016
    APU
    601736100050000016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Owen
    State
    Indiana
    Longitude
    -86.6845
    Latitude
    39.1734
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, 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
    $22,400
    $19,600
    $42,000
    -
    $22,400
    $19,600
    $42,000

    Comparable in this City

    • Value Estimation
      $225,000
      4,069 SF

      141 Adams St

      THEATER (MOVIE) • 4,069 SF
      141 Adams St, Bloomington, IN 47404-3679
      View Details
    • Value Estimation
      $275,000
      14,520 SF

      1300 Loesch Rd

      THEATER (MOVIE) • 14,520 SF
      1300 Loesch Rd, Bloomington, IN 47404-9108
      View Details
    • Value Estimation
      $295,000
      3,806 SF

      217 Elm St

      THEATER (MOVIE) • 3,806 SF
      217 Elm St, Bloomington, IN 47404-3657
      View Details
    • Value Estimation
      $300,000
      14,600 SF

      4100 Hartstrait Rd

      THEATER (MOVIE) • 14,600 SF
      4100 Hartstrait Rd, Bloomington, IN 47404-9317
      View Details
    • Value Estimation
      $260,000
      1,120 SF

      915 11th St

      THEATER (MOVIE) • 1,120 SF
      915 11th St, Bloomington, IN 47404-3236
      View Details
    • Value Estimation
      $360,000
      20,062 SF

      3575 Prow Rd

      THEATER (MOVIE) • 20,062 SF
      3575 Prow Rd, Bloomington, IN 47404-1615
      View Details

    Similar Nearby for Sale

    • $6,500,000
      27,767 SF

      Retail Property in Bloomington, Indiana

      Retail property available for sale in Bloomington, Indiana.
      2813 E 3Rd St, Bloomington, IN 47404
      View Details
    • $375,000
      10.64 Acres

      Bloomington Agricultural Land Opportunity

      Estate-sized parcels near schools with available utilities and privacy.
      Raubs Ln, Bloomington, IN 47404
      View Details
    • $1,700,000
      8.58 Acres

      Bloomington Commercial Land Opportunity

      8.5-acre commercial land near IU Health Southern Indiana Physicians.
      4833 W Arlington Rd, Bloomington, IN 47404
      View Details
    • $3,500,000
      0.80 Acres

      Bloomington Office Building For Sale

      Three-story office building with high occupancy and income potential.
      1720 N Kinser Pike, Bloomington, IN 47404
      View Details
    • $85,000
      0.38 Acres

      Residential Land in Bloomington, IN

      Residential land available in Bloomington, Indiana.
      4402 N Kemp Rd, Bloomington, IN 47404
      View Details
    • $369,900

      Bloomington Office with Private Parking

      Office suite with reception, workspaces, and private parking.
      1602 W 3Rd St, Bloomington, IN 47404
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      6,172 SF

      Downtown Bloomington Office Space Available

      6,172 SF office space in downtown Bloomington for lease.
      116 W 6Th St, Bloomington, IN 47404
      View Details
    • $18 SF/Yr
      8,000 SF

      Bloomington Retail/Office Space Available

      8000 SF retail or office space on West 3rd Street.
      3470 W 3Rd St, Bloomington, IN 47404
      View Details
    • $900 /Mo
      462 SF

      Office Space in Fourth Street Plaza

      Office space for lease near downtown Bloomington with paid utilities.
      118 S Rogers St, Bloomington, IN 47404
      View Details
    • $1,100 /Mo
      378 SF

      Office Space in Downtown Bloomington

      378 SF office space with natural light and free parking.
      118 S Rogers St, Bloomington, IN 47404
      View Details
    • Contact for pricing
      172,425 SF

      Whitehall Plaza: Bloomington Retail Center

      Grocery-anchored center, prime Bloomington location.
      3251 3Rd St, Bloomington, IN 47404
      View Details
    • $22 SF/Yr
      1,711 SF

      Downtown Bloomington Retail Space Available

      Retail spaces in a premier downtown Bloomington location for lease.
      710 North Morton St, Bloomington, IN 47404
      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.
    State Rd 43
    Bloomington, IN 47404
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.