Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1940 Tipton St Seymour, IN 47274-3566

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1940 Tipton St Seymour, IN 47274-3566

    View on Map
    • Strip malls
    • 8,700 SF
    • 2.07 lot acres
    Off-Market
    Property ID
    US31-2249387
    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

    • Chicago's Pizza / Restaurant
    • Freddy's Frozen Custard & Steakburgers / Restaurant / Take-out & Catering
    • Athletico Physical Therapy - Seymour / Medical Clinic

    Property Details for 1940 Tipton St

    Year built
    2018
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.07 lot acres
    Property size
    8,700 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    36-66-16-400-011.009-009
    APU
    366616400011009009

    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
    -85.8568
    Latitude
    38.9572
    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
    $32,809
    $454,500
    $679,400
    $1,133,900
    -
    $454,500
    $679,400
    $1,133,900

    Comparable in this City

    • Value Estimation by Request
      3,900 SF

      610 Tipton St

      SHOPPING CENTER, STRIP CENTER • 3,900 SF
      610 Tipton St, Seymour, IN 47274
      View Details
    • Value Estimation by Request
      6,336 SF

      512 Tipton St

      SHOPPING CENTER, STRIP CENTER • 6,336 SF
      512 Tipton St, Seymour, IN 47274-3554
      View Details
    • Value Estimation by Request
      12,864 SF

      414 2nd St

      SHOPPING CENTER, STRIP CENTER • 12,864 SF
      414 2nd St, Seymour, IN 47274-2185
      View Details
    • Value Estimation by Request
      6,612 SF

      310 Burkart Blvd

      SHOPPING CENTER, STRIP CENTER • 6,612 SF
      310 Burkart Blvd, Seymour, IN 47274-5203
      View Details
    • Value Estimation by Request
      5,984 SF

      1104 Tipton St

      SHOPPING CENTER, STRIP CENTER • 5,984 SF
      1104 Tipton St, Seymour, IN 47274-4124
      View Details
    • Value Estimation by Request
      12,420 SF

      1800 Tipton St

      SHOPPING CENTER, STRIP CENTER • 12,420 SF
      1800 Tipton St, Seymour, IN 47274-3564
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      141,000 SF

      Seymour Retail & Entertainment Center

      High-profile retail center with expansion potential off Interstate 65.
      357 Tanger Blvd, 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
    • 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
    • Contact for pricing

      Multi-Purpose Commercial Building on Highway

      Newly built commercial building suitable for office, retail, or service.
      1416 E Tipton St, Seymour, IN 47274
      View Details
    • $47,000
      1.41 Acres

      Redding Woods Residential Building Lot

      1.41-acre wooded lot in Redding Woods, Seymour, IN.
      22031 Redding Woods, Seymour, IN 47274
      View Details

    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
    • 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
      View Details
    • Contact for pricing

      Retail Space in Tipton Crossing

      Retail space available in busy Seymour shopping center.
      1171 W Tipton St, Seymour, IN 47274
      View Details
    • Contact for pricing

      Retail Space in Pre-Construction Phase

      Retail center with flexible options, completion anticipated August-September 2023.
      449 Cottonwood Dr, 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
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial property available for lease in Seymour, Indiana.
      1104 A Ave W, Seymour, IN 47274
      View Details
    Request Owner's contact information
    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.
    1940 Tipton St
    Seymour, IN 47274-3566
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!