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    Property profile & analytics

    State Rd 48 Milan, IN 47031

    • Theaters & concert halls
    • 1,684 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-3078834
    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 48

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.58 lot acres
    Property size
    1,684 SF
    Property type
    Theaters & concert halls
    APN
    69-07-32-100-001.008-009
    APU
    690732100001008009

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Ripley
    State
    Indiana
    Longitude
    -85.0949
    Latitude
    39.1923

    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
    $23,000
    $88,900
    $111,900
    -
    $23,000
    $88,900
    $111,900

    Comparable in this City

    • Value Estimation
      $385,000
      5,557 SF

      112 Main St

      THEATER (MOVIE) • 5,557 SF
      112 Main St, Milan, IN 47031
      View Details
    • Value Estimation by Request
      2,295 SF

      101 Stute Ave

      THEATER (MOVIE) • 2,295 SF
      101 Stute Ave, Milan, IN 47031
      View Details
    • Value Estimation by Request
      4,984 SF

      5496 Us Hwy 50

      THEATER (MOVIE) • 4,984 SF
      5496 Us Hwy 50, Milan, IN 47031
      View Details
    • Value Estimation
      $335,000
      2,880 SF

      County Rd 500th E

      THEATER (MOVIE) • 2,880 SF
      County Rd 500th E, Milan, IN 47031
      View Details
    • Value Estimation by Request
      1,648 SF

      101 Stute Ave

      THEATER (MOVIE) • 1,648 SF
      101 Stute Ave, Milan, IN 47031
      View Details
    • Value Estimation by Request
      1,750 SF

      4370 County Rd 150th E

      THEATER (MOVIE) • 1,750 SF
      4370 County Rd 150th E, Milan, IN 47031
      View Details

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      Unique Commercial Property in Milan

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      4938 N State Road 101, Milan, IN 47031
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    State Rd 48
    Milan, IN 47031
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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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