Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    404 Seymour St Kentland, IN 47951

    • Retail space
    • 10,682 SF
    • 1.84 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2452149
    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

    • Retail space

    Property Details for 404 Seymour St

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.84 lot acres
    Property size
    10,682 SF
    Property type
    Retail space
    APN
    56-16-20-444-003.000-011
    APU
    561620444003000011

    Description

    This exceptional commercial property, located at 404 W Seymour St in Kentland, Indiana, presents a remarkable investment opportunity. The 10,682 square foot building sits on a spacious 1.84-acre lot and is ideally situated directly on US24, offering unparalleled visibility and accessibility. Currently configured as a furniture store, this versatile space is adaptable to a wide range of commercial uses. The property features an open showroom, reception area, dedicated offices, workshops, and restrooms (including one with a shower). A substantial warehouse with a dock provides ample storage space. The building is equipped with dual furnaces, dual central air units, 3-phase electric, tinted storefront windows, and benefits from city water and sewage. A fully paved parking lot ensures convenient customer and employee parking. Its strategic location offers easy access to major transportation arteries, including US41 (1 mile), the Illinois border (3 miles), I-65 (16 miles), and I-57 (29 miles). This property is designated as an Opportunity Zone, presenting additional investment incentives. Built in 1970, this free-standing facility is ready for its next chapter. The property's size, location, and amenities make it an ideal choice for a variety of businesses seeking a prominent presence in a thriving community. The zip code is 47951.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kentland
    County
    Newton
    State
    Indiana
    Longitude
    -87.4598
    Latitude
    40.7691
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN 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
    $5,263
    $87,200
    $124,600
    $211,800
    -
    $87,200
    $124,600
    $211,800

    Comparable in this City

    • Value Estimation
      $295,000
      504 SF

      304 4th St

      RETAIL STORES (PERSONAL SERVICES) • 504 SF
      304 4th St, Kentland, IN 47951-1156
      View Details
    • Value Estimation
      $285,000
      1,800 SF

      202 Seymour St

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      202 Seymour St, Kentland, IN 47951-1388
      View Details
    • Value Estimation
      $290,000
      1,288 SF

      508 Seymour St

      RETAIL STORES (PERSONAL SERVICES) • 1,288 SF
      508 Seymour St, Kentland, IN 47951-1240
      View Details
    • Value Estimation
      $275,000
      576 SF

      210 Seymour St

      RETAIL STORES (PERSONAL SERVICES) • 576 SF
      210 Seymour St, Kentland, IN 47951-1243
      View Details
    • Value Estimation
      $270,000
      1,194 SF

      312 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 1,194 SF
      312 Washington St, Kentland, IN 47951-1146
      View Details
    • Value Estimation
      $500,000
      10,580 SF

      101 7th St

      RETAIL STORES (PERSONAL SERVICES) • 10,580 SF
      101 7th St, Kentland, IN 47951-1175
      View Details

    Similar Nearby for Sale

    • $60,000
      1.50 Acres

      Residential Land in Kentland, Indiana

      1.5 acre lot ready for new home construction.
      W Allen St, Kentland, IN 47951
      View Details
    • $140,900
      1,647 SF

      Kentland Office Space For Sale

      Professional office space in Kentland, Indiana, near downtown.
      308 N 4Th St, Kentland, IN 47951
      View Details
    • $164,900
      0.11 Acres

      Kentland Office Building - Prime Location

      Spacious Office Building, Court House View
      210 3Rd St, Kentland, IN 47951
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Land in Kentland, Indiana

      Residential lot available in Kentland, Indiana for new home.
      105 E Iroquois St, Kentland, IN 47951
      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.
    404 Seymour St
    Kentland, IN 47951
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.