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    103 N Chestnut St Seymour, IN 47274
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    103 N Chestnut St Seymour, IN 47274

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    • Conventional restaurants
    For Sale
    $525,000
    View Listing →
    Renovated Restaurant Space Available For Sale
    $525,000
    820 SF

    Renovated Restaurant Space Available

    Newly renovated restaurant space in downtown Seymour.

    103 N Chestnut Street, Seymour, IN 47274
    View Listing
    Property ID
    US31-2400337
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CC BAR&GRIL / Restaurant

    Property Details for 103 N Chestnut St

    Property type
    Conventional restaurants
    Property subtype
    Commercial real estate

    Description

    Downtown Seymour is ready for another upscale casual restaurant. The locals want Italian. Newly renovated space has a kitchen area, bar, new ADA restrooms, apprx 820sf free bonus storage area, refinished wooden floors, exposed brick, ornate metalwork, high ceilings, awning waiting for your restau ... trant name. Buyer can apply for 2-3 way liquor permit with the Indiana ATC for beer, wine and liquor. Downtown Seymour has experienced a number of great things in the last 3-5 years with several buildings being sold, leased and renovated. Retailers, restaurants and more to come. We need 4-5 more restaurants, a brewery, winery, more boutique shops and specialty shops. The City jadded a 3.24 acre family park for events, theres a farmers market, concerts, movies and more. Come see what Seymour has to offer. Don't miss the opportunity to get in early. We also need more 2nd & 3rd floor apartments toincrease the urban living lifestyle in and active a fund LIVE, WORK & PLAY atmosphere.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    Jackson
    State
    Indiana
    Longitude
    -85.89034
    Latitude
    38.95848

    Comparable in this City

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      210-212 W 2Nd St, Seymour, IN 47274
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      Seymour, Indiana Mixed-Use Acreage

      712+ acres with lake, buildings, utilities near Seymour, Indiana.
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      Commercial Land Near I-65

      6.2 acres of commercial land at I-65 and Highway 50.
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      Two Auto Shops on Land

      Two auto shops on agriculturally zoned land with potential.
      N County Road 1240 E, Seymour, IN 47274
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      Commercial Building on Highway 31

      5,000 SF commercial building with ample parking on 0.85 acres.
      5028 N Us Highway 31, Seymour, IN 47274
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    Similar Nearby for Sale

    • Contact for pricing

      Downtown Seymour Restaurant Opportunity

      Upscale restaurant space available in revitalizing downtown Seymour.
      210-212 W 2Nd St, Seymour, IN 47274
      View Details
    • Sponsored
      $17,500,000
      31,053,924 SF

      SpringHill Camp, Indiana

      TURNKEY Campground/Retreat/Resort Center
      2221 In-258, Seymour, IN 47274
      View Details
    • $17,500,000
      712.92 Acres

      Seymour, Indiana Mixed-Use Acreage

      712+ acres with lake, buildings, utilities near Seymour, Indiana.
      2221 In-258, Seymour, IN 47274
      View Details
    • $599,000
      Pending

      Commercial Land Near I-65

      6.2 acres of commercial land at I-65 and Highway 50.
      2615 E Tipton St, Seymour, IN 47274
      View Details
    • Contact for pricing

      Two Auto Shops on Land

      Two auto shops on agriculturally zoned land with potential.
      N County Road 1240 E, Seymour, IN 47274
      View Details
    • Contact for pricing

      Commercial Building on Highway 31

      5,000 SF commercial building with ample parking on 0.85 acres.
      5028 N Us Highway 31, Seymour, IN 47274
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Regional Multi-Use Shopping Center Space

      Multi-use shopping center with retail, entertainment, and office spaces.
      357 Tanger Blvd, Seymour, IN 47274
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      29,893 SF

      Retail Space on Main Corridor

      Retail property located on a main retail corridor.
      2000 East Tipton St, Seymour, IN 47274
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      Retail Space in Pre-Construction Phase

      Retail center with flexible options, completion anticipated August-September 2023.
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      Retail Space in Tipton Crossing

      Retail space available in busy Seymour shopping center.
      1171 W Tipton St, Seymour, IN 47274
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      Commercial Space Available For Lease

      Commercial property available for lease in Seymour, Indiana.
      1104 A Ave W, Seymour, IN 47274
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    • Contact for pricing

      1.40 Acre Retail Site

      1.40 acres available for lease in retail corridor.
      1800 E Tipton St, Seymour, IN 47274
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    103 N Chestnut St
    Seymour, IN 47274
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    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
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