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    224 Washington St. Rd Bloomfield, IN 47424

    • Commercial real estate
    For Sale
    View listing
    $145,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 224 Washington St. Rd

    Year built
    1970
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, situated at 224 S Washington St. Road in Bloomfield, Indiana, presents a unique investment opportunity. Boasting a prime location on a high-traffic road, this versatile space offers significant potential for a variety of uses. The property comprises a substantial 2,600+ square foot retail area, perfectly suited for a range of businesses, coupled with a 1,500 square foot office space providing ample room for administrative functions or additional retail space. The flexible layout allows for diverse configurations, including subdivision into smaller units for multiple tenants. Potential uses extend beyond retail and office spaces

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    Greene
    State
    Indiana
    Longitude
    -86.9375
    Latitude
    39.0246

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    224 Washington St. Rd
    Bloomfield, IN 47424
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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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