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    Property profile & analytics

    1640 Tipton St Seymour, IN 47274-3560

    • Turn key restaurants
    • 0.90 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US31-1361516
    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

    • Steak 'n Shake / Hamburger Restaurant / American Restaurant

    Property Details for 1640 Tipton St

    Year built
    1995
    Lot size
    0.90 lot acres
    Property type
    Turn key restaurants
    APN
    36-66-16-304-018.000-009
    APU
    366616304018000009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $370,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $385,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $330,000
      Mixed-Use
      $400,000
      Hospitality
      $380,000
      Educational
      $385,000
      Residential Income
      $370,000
      Energy
      $390,000
      Income-Based Land
      $325,000
      Food Service
      $390,000

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    Jackson
    State
    Indiana
    Longitude
    -85.8632
    Latitude
    38.9577
    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
    $10,445
    $212,900
    $148,100
    $361,000
    -
    $212,900
    $148,100
    $361,000

    Comparable in this City

    • Value Estimation by Request
      3,472 SF

      6395 County Rd 100th W

      RESTAURANT • 3,472 SF
      6395 County Rd 100th W, Seymour, IN 47274
      View Details
    • Value Estimation by Request
      2,220 SF

      2105 County Rd 750th E

      RESTAURANT • 2,220 SF
      2105 County Rd 750th E, Seymour, IN 47274-9227
      View Details
    • Value Estimation by Request
      5,628 SF

      1705 Tipton St

      RESTAURANT • 5,628 SF
      1705 Tipton St, Seymour, IN 47274-3561
      View Details
    • Value Estimation
      $290,000
      0.47 Acres

      1507 Tipton St

      RESTAURANT • 0.47 Acres
      1507 Tipton St, Seymour, IN 47274-3557
      View Details
    • Value Estimation
      $390,000
      9,315 SF

      4097 Us Hwy 31

      RESTAURANT • 9,315 SF
      4097 Us Hwy 31, Seymour, IN 47274
      View Details
    • Value Estimation
      $515,000
      9,752 SF

      211 Sandy Crk Dr

      RESTAURANT • 9,752 SF
      211 Sandy Crk Dr, Seymour, IN 47274-8556
      View Details

    Similar Nearby for Sale

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      Established Diner, Multi-Tenant Building, High Traffic Area
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      Cornerstone of downtown Seymour with income potential.
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      Seymour Retail Building - High Traffic

      New Retail Building, High Visibility, US 50
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      Residential Lots in Seymour, IN

      Residential land available in Seymour, Indiana with utilities access.
      10413 Emerald Ct N, Seymour, IN 47274
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    • Contact for pricing
      24.00 Acres

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    Similar Nearby for Lease

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    • Contact for pricing
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      Retail property located on a main retail corridor.
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    • Contact for pricing
      3,500 SF

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      Retail space available in a well-located village center.
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    • $15 SF/Yr
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      Seymour Retail Center Investment

      High-traffic retail strip center, 2 spaces available.
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    • $3,577 /Mo
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      Office Space For Lease

      Office space for lease in high visibility area.
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    • Contact for pricing
      22,000 SF

      Seymour Industrial Space For Lease

      Versatile Manufacturing/Warehouse Space Available
      1104 A Ave, Seymour, IN 47274
      View Details

    Property Visit Statistics

    • Visits by month
      13.8k
    • Visitors by month
      10.5k
    • Avg Time on site
      18 min
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    1640 Tipton St
    Seymour, IN 47274-3560
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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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