Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    2359 16Th St Bedford, IN 47421

    Sponsored
    For Sale
    $350,000

    Office, Office/Showroom - Bedford, IN

    Type:Office
    Lot size:
    0.46 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 5 at 6:06 pm

    Property Features for 2359 16Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Kitchen, Office
    Bathrooms
    2
    APN
    47-06-15-404-037.000-010
    Parking
    8
    Parking features
    Off Street
    Interior features
    Drywall, Public Restrooms, Reception Area
    Exterior features
    Public Restrooms, Reception Area
    Lot size
    0.46 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Lynda Slate

    RE/MAX Acclaimed Properties (812) 332-3001

    Listing agent Lynda Slate (812) 332-3001 License #RB14041016

    Listing date Feb 5, 2026

    MLS# 202603588 Listing URL

    Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Professional Office Building on Thoroughfare

    This professional building offers excellent visibility on a main thoroughfare in Bedford. The property is ideal for an insurance office, medical practice, legal firm, tech start ups and more. The entry and reception area are designed to impress clients and guests. Flexible office layouts accommodate both private and collaborative work styles, with a work station area suitable for teams. A conference room is available for meetings, presentations, or client consultations. The kitchen area provides a comfortable space for employees. There are 2 restrooms and a storage area. The building sits on a 0.46-acre lot, allowing for future expansion of the building and additional parking. Currently, there is paved parking for 8 vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.504168
    Latitude
    38.861364

    Nearby Similar for Sale

    • $1,245,000
      0.48 Acres

      High-Traffic Corner Location Office Space

      Like-new construction in high-traffic location, ideal for medical or business.
      2221 John Williams Blvd, Bedford, IN 47421
      View Details
    • $325,000
      0.41 Acres

      Mixed-Use Commercial Property

      Versatile property with warehouse, office space, and apartments.
      701-705 I St, Bedford, IN 47421
      View Details
    • $800,000
      1.00 Acre

      Established Restaurant and Gift Shop

      Profitable restaurant and gift shop with loyal customer base.
      1414 Bundy Ln, Bedford, IN 47421
      View Details
    • $799,900
      1.69 Acres

      Versatile Bedford Office Building

      5,000 SF Bedford office building suitable for various uses.
      3307 Mitchell Rd, Bedford, IN 47421
      View Details
    • $165,000
      1,510 SF

      Bedford Duplex with Rental Income

      Well-maintained duplex in Bedford, Indiana, with tenant-paid utilities.
      1718 12Th St, Bedford, IN 47421
      View Details
    • $1,895,000
      2.14 Acres

      Versatile Industrial Complex in Bedford

      Industrial complex ideal for distribution, cold storage, or light manufacturing.
      2404 U St, Bedford, IN 47421
      View Details
    • $500,000
      Pending

      Limestone Office Building in Bedford

      Three-story limestone office building in Bedford, Indiana, ideal for owner-user.
      2222 W 8Th St, Bedford, IN 47421
      View Details
    • $459,900
      0.89 Acres

      Versatile Commercial Building in Bedford

      Updated commercial building with flexible space and prime investment potential.
      3116 W 5Th St, Bedford, IN 47421
      View Details
    • $299,900
      3,016 SF

      Bedford Fourplex with Updated Interiors

      Charming fourplex in Bedford with updated, fully rented units.
      2101 27Th St, Bedford, IN 47421
      View Details
    • $189,000
      0.04 Acres

      Downtown Bedford Retail Building For Sale

      3,400 SF retail building in downtown Bedford, Indiana.
      1020 16Th St, Bedford, IN 47421
      View Details
    • $7,882,000
      1,141 SF

      Bedford Investment Opportunity

      Gas station, car wash, rentals, and commercial lot for sale.
      2729 Mitchell Rd, Bedford, IN 47421
      View Details
    • $290,000
      0.41 Acres

      Historic Building with Income Potential

      Versatile 8,000 sq ft building in booming Bedford, Indiana.
      512 P St, Bedford, IN 47421
      View Details

    FAQs

    What type of property is this?
    Office building - Professional building with excellent visibility, ideal for various business types.
    Where is this office building located?
    The property is located at 2359 16Th St Bedford, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - High visibility location on a main thoroughfare.; - Flexible office layouts suitable for various work styles.; - Potential for future building expansion and additional parking on 0.46-acre lot.
    (812) 332-3001
    Request Owner's contact information
    2359 16Th St Bedford, IN 47421
    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.
    2359 16Th St
    Bedford, IN 47421
    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
    2359 16Th St Bedford, IN 47421
    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

    We can help!
    Listing Contact
    Lynda Slate
    Real Estate License ID: RB14041016
    (812) 332-3001
    Learn more
    Google sign-in failed. Please try again or use another login method.