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    S Main St Scottsburg, IN 47170
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    S Main St Scottsburg, IN 47170

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    • Specialty properties
    • 0.02 lot acres
    For Sale
    $525,000
    View Listing →
    Renovated Bar and Restaurant For Sale
    $525,000

    Renovated Bar and Restaurant

    Turnkey bar and restaurant with licenses and updated features.

    46&48 S Main Street, Scottsburg, IN 47170
    View Listing
    Property ID
    US31-1262078
    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

    • Specialty properties

    Property Details for S Main St

    Lot size
    0.02 lot acres
    Property type
    Specialty properties
    APN
    72-05-20-310-036.000-008
    APU
    720520310036000008

    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
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.7702
    Latitude
    38.6844
    CBSA code
    42500
    CBSA name
    SCOTTSBURG, 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
    $0.00
    $2,700
    $0.00
    $2,700
    -
    $2,700
    $0.00
    $2,700

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      1100 Lakeview Dr

      CHARITABLE ORGANIZATION • 0.17 Acres
      1100 Lakeview Dr, Scottsburg, IN 47170-1330
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    • Value Estimation by Request
      6,332 SF

      136 Westavia Blvd

      FUNERAL HOME • 6,332 SF
      136 Westavia Blvd, Scottsburg, IN 47170-5953
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      0.92 Acres

      Sharon Dr

      CHARITABLE ORGANIZATION • 0.92 Acres
      Sharon Dr, Scottsburg, IN 47170
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    • Value Estimation by Request
      0.43 Acres

      Community Way

      CHARITABLE ORGANIZATION • 0.43 Acres
      Community Way, Scottsburg, IN 47170
      View Details
    • Value Estimation by Request
      1.00 Acre

      St James Ct

      CHARITABLE ORGANIZATION • 1.00 Acre
      St James Ct, Scottsburg, IN 47170
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    • Value Estimation by Request
      4,200 SF

      4109 Underwood Rd

      CHARITABLE ORGANIZATION • 4,200 SF
      4109 Underwood Rd, Scottsburg, IN 47170-6324
      View Details

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      Commercial Property with Business Potential

      Versatile commercial property with B-1 zoning near Interstate 65.
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      Scottsburg Landmark Commercial Property

      Prime Scottsburg location, high-traffic, huge potential.
      64 Main St, Scottsburg, IN 47170
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      5,514 SF

      NNN Ground Lease Wawa Investment

      New construction Wawa NNN ground lease with 20-year term.
      1215 W Mcclain Ave, Scottsburg, IN 47170
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      Corner Lot Commercial Opportunity

      High-traffic corner lot suitable for office or retail.
      165 S Gardner St, Scottsburg, IN 47170
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    • $239,000

      Cleared Commercial Land Opportunity

      Commercial land in Scottsburg, ready for development.
      43 S Railroad St, Scottsburg, IN 47170
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      Commercial Vacant Lot For Sale

      Vacant commercial lot available for sale.
      W Mcclain Ave, Scottsburg, IN 47170
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    Similar Nearby for Lease

    • Contact for pricing

      Renovated Business Space For Rent

      Newly renovated space suitable for various businesses.
      390 S Gardner St, Scottsburg, IN 47170
      View Details
    • $15 SF/Yr

      Prime Retail and Medical Space

      High-traffic location near Wal-Mart with pylon signage and ample parking.
      1603-1619 W Mcclain Ave Aka Hwy 56, Scottsburg, IN 47170
      View Details
    • Contact for pricing
      11,205 SF

      Retail Property in Scottsburg, Indiana

      Retail property available for lease in Scottsburg, Indiana.
      400 N Gardner St, Scottsburg, IN 47170
      View Details
    • Contact for pricing
      4,016 SF

      Retail/Office Space in Scottsburg, IN

      Retail or office space with great visibility and parking.
      200 S Gardner St, Scottsburg, IN 47170
      View Details
    • Contact for pricing

      Prime Commercial Land Near I-65

      One-acre commercial site near I-65, surrounded by established businesses.
      Allen St, Scottsburg, IN 47170
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      Renovated Apartment Complex Investment Opportunity

      Fully leased, renovated 10-unit apartment complex in Scottsburg, Indiana.
      513 N Gardner St, Scottsburg, IN 47170
      View Details
    View Listing
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    S Main St
    Scottsburg, IN 47170
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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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