Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    103 East St Winchester, IN 47394

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $289,900

    Prime Downtown Location, Versatile Space

    Property Features for 103 East St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Paul Faddis

    Listing Agency: David M Tarter Listing Agent: Paul Faddis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial property, located at 103 N East Street in Winchester, Indiana, presents a unique investment or business expansion opportunity. Situated on a 0.08-acre lot, this building boasts approximately [Square footage not provided] of versatile space, previously utilized as a school administrative office. The property features several generously sized offices, perfect for a variety of business needs. Three bathrooms and two kitchenettes provide ample convenience for employees and clients. Recent upgrades include a brand-new HVAC system ensuring year-round comfort and updated hardwood floors adding a touch of elegance. The building's prime location, just off the downtown square, offers excellent visibility and accessibility. This property's adaptability makes it ideal for various uses. An investor could potentially lease the ground floor as office space while converting the upper level into a residential apartment, generating dual income streams. The combination of its desirable location, modern amenities, and flexible layout makes this a truly exceptional opportunity in the heart of Winchester. The asking price is $289,900. Serious inquiries are encouraged.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Randolph
    State
    Indiana
    Longitude
    -84.97997
    Latitude
    40.17273

    Nearby Similar for Sale

    • $349,900
      1.37 Acres

      Versatile Commercial Property in Winchester

      Adaptable commercial space with excellent visibility and flexible indoor/outdoor layout.
      395 Symmes Ctr Dr, Winchester, IN 47394
      View Details
    • $999,000
      0.78 Acres

      Winchester Retail Investment Opportunity

      High-traffic commercial property with long-term tenants in place.
      620 E Washington St, Winchester, IN 47394
      View Details
    • $999,000
      3,100 SF

      Winchester Retail Investment Opportunity

      High-traffic, multi-tenant retail building.
      620 Washington St, Winchester, IN 47394
      View Details
    • $249,900
      0.74 Acres

      Winchester Commercial Building - US-32

      High-traffic location, prime commercial space.
      305 Washington St, Winchester, IN 47394
      View Details
    • $299,900
      4.07 Acres

      Winchester Processing Plant - 4 Acres

      Turn-key meat processing facility, 4 acres.
      1625 300, Winchester, IN 47394
      View Details
    • $2,200,000
      29,000 SF

      Winchester, IN Self Storage Facility

      High-Demand Climate-Controlled Units, Excellent ROI
      3661 Us Highway 27, Winchester, IN 47394
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Downtown Location, Versatile Space
    Where is this commercial real estate located?
    The property is located at 103 East St Winchester, IN.
    What is the asking price?
    The asking price for this property is $289,900.
    (765) 994-8533
    Request Owner's contact information
    103 East St Winchester, IN 47394
    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.
    103 East St
    Winchester, IN 47394
    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
    103 East St Winchester, IN 47394
    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

    We can help!
    Listing Contact
    Paul Faddis
    Real Estate License ID: RB15000347
    (765) 994-8533 (765) 595-8155
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!