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    Property profile & analytics

    1501 1505th E Tipton St Seymour, IN 47274

    • Outlet malls
    • 67,288 SF
    • 7.47 lot acres
    OFF-MARKET
    Last Sale
    Sep 13, 2023
    Value Estimations
    $3,360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2434869
    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

    • Elite Lash Studio / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Imprint Pediatric Therapy / Crisis Center / Medical Clinic
    • La Luna Cosmetics / Cosmetic Store / Beauty School
    • Blush and Brush Beauty Bar / Hair Salon / Nail Salon
    • Seymour Glass / Auto Repair Shop / (Bike/Boat/Book/etc) Store

    Property Details for 1501 1505th E Tipton St

    Year built
    1987
    Construction
    TYPE NOT SPECIFIED
    Lot size
    7.47 lot acres
    Property size
    67,288 SF
    Property type
    Outlet malls
    APN
    36-66-16-300-010.005-009
    APU
    366616300010005009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,605,000
      Current use
      COMMERCIAL (GENERAL)
      $4,810,000
      Change: +4% Conversion: Easy
      RESTAURANT
      $3,830,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    Jackson
    State
    Indiana
    Longitude
    -85.8661
    Latitude
    38.9597
    CBSA code
    42980
    CBSA name
    SEYMOUR, IN MICROPOLITAN 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
    $95,360
    $1,515,700
    $1,780,000
    $3,295,700
    -
    $1,515,700
    $1,780,000
    $3,295,700

    Comparable in this City

    • Value Estimation
      $2,295,000
      74,928 SF

      2000 Tipton St

      WHOLESALE OUTLET, DISCOUNT STORE • 74,928 SF
      2000 Tipton St, Seymour, IN 47274-3568
      View Details
    • Value Estimation by Request
      2,624 SF

      512 Tipton St

      WHOLESALE OUTLET, DISCOUNT STORE • 2,624 SF
      512 Tipton St, Seymour, IN 47274-2154
      View Details
    • Value Estimation
      $8,505,000
      230,637 SF

      1600 Tipton St

      WHOLESALE OUTLET, DISCOUNT STORE • 230,637 SF
      1600 Tipton St, Seymour, IN 47274-3560
      View Details
    • Value Estimation
      $865,000
      12,450 SF

      1857 Tipton St

      WHOLESALE OUTLET, DISCOUNT STORE • 12,450 SF
      1857 Tipton St, Seymour, IN 47274-3563
      View Details
    • Value Estimation by Request
      7,000 SF

      214 Tipton St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,000 SF
      214 Tipton St, Seymour, IN 47274-3512
      View Details
    • Value Estimation
      $3,850,000
      95,215 SF

      1714 Tipton St

      WHOLESALE OUTLET, DISCOUNT STORE • 95,215 SF
      1714 Tipton St, Seymour, IN 47274-3562
      View Details

    Similar Nearby for Sale

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      Seymour Diner: Prime Downtown Location

      Established Diner, Multi-Tenant Building, High Traffic Area
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      High-traffic location, versatile retail space.
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      Seymour Retail Building - High Traffic

      New Retail Building, High Visibility, US 50
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      Redding Woods Residential Building Lot

      1.41-acre wooded lot in Redding Woods, Seymour, IN.
      22031 Redding Woods, Seymour, IN 47274
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      Residential lots available in Seymour, Indiana.
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      Residential lots available in Seymour, Indiana.
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    Similar Nearby for Lease

    • Contact for pricing
      29,893 SF

      Retail Space on Main Corridor

      Retail property located on a main retail corridor.
      2000 East Tipton St, Seymour, IN 47274
      View Details
    • $15 SF/Yr
      14,906 SF

      Seymour Retail Center Investment

      High-traffic retail strip center, 2 spaces available.
      1171 Tipton St, Seymour, IN 47274
      View Details
    • $10 SF/Yr
      165,000 SF

      Seymour Shoppes: Prime Retail/Office Space

      165,000 SF Multi-Use Center, I-65 Frontage
      357 Tanger Blvd, Seymour, IN 47274
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Village Center

      Retail space available in a well-located village center.
      1501-1541 E Tipton St, Seymour, IN 47274
      View Details
    • $3,577 /Mo
      6,288 SF

      Office Space For Lease

      Office space for lease in high visibility area.
      1239 E 4Th St, Seymour, IN 47274
      View Details
    • Contact for pricing
      22,000 SF

      Industrial Building with Lab Space

      22,000 SF building featuring lab, manufacturing, and office spaces.
      1104 A Ave West, Seymour, IN 47274
      View Details
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    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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