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    Property profile & analytics

    Water St Hillsboro, IN 47949

    • Theaters & concert halls
    • 5,112 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Last Sale
    Dec 27, 2023
    Location Intelligence
    Property ID
    US31-2414608
    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 Water St

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property size
    5,112 SF
    Property type
    Theaters & concert halls
    APN
    23-11-12-107-049.100-002
    APU
    231112107049100002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Fountain
    State
    Indiana
    Longitude
    -87.1608
    Latitude
    40.1069

    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
    $1,807
    $3,300
    $83,400
    $86,700
    -
    $3,300
    $83,400
    $86,700

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      3881 State Rd 341

      THEATER (MOVIE) • 2,400 SF
      3881 State Rd 341, Hillsboro, IN 47949-8146
      View Details
    • Value Estimation by Request
      17,678 SF

      453 State Rd 341

      THEATER (MOVIE) • 17,678 SF
      453 State Rd 341, Hillsboro, IN 47949-8103
      View Details
    • Value Estimation by Request
      0.04 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.04 Acres
      Main St, Hillsboro, IN 47949
      View Details
    • Value Estimation by Request
      3,846 SF

      2420 Pr Chapel Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,846 SF
      2420 Pr Chapel Rd, Hillsboro, IN 47949
      View Details
    • Value Estimation
      $395,000
      4,608 SF

      2514 Us Hwy 136

      RETAIL STORES (PERSONAL SERVICES) • 4,608 SF
      2514 Us Hwy 136, Hillsboro, IN 47949
      View Details
    • Value Estimation by Request
      3,104 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,104 SF
      103 Main St, Hillsboro, IN 47949
      View Details
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    Water St
    Hillsboro, IN 47949
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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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