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

    1801 Plz Dr Bedford, IN 47421-3520

    • Turn key restaurants
    • 6,195 SF
    • 0.97 lot acres
    OFF-MARKET
    Last Sale
    Oct 06, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2118202
    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

    • Turn key restaurants

    Property Details for 1801 Plz Dr

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.97 lot acres
    Property size
    6,195 SF
    Property type
    Turn key restaurants
    APN
    47-06-21-100-079.000-010
    APU
    470621100079000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.518
    Latitude
    38.8583
    CBSA code
    13260
    CBSA name
    BEDFORD, 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
    $8,793
    $89,700
    $203,400
    $293,100
    -
    $89,700
    $203,400
    $293,100

    Comparable in this City

    • Value Estimation by Request
      3,953 SF

      466 Old State Rd 37th N

      RESTAURANT • 3,953 SF
      466 Old State Rd 37th N, Bedford, IN 47421-8068
      View Details
    • Value Estimation by Request
      3,389 SF

      1300 7th St

      RESTAURANT • 3,389 SF
      1300 7th St, Bedford, IN 47421-2102
      View Details
    • Value Estimation by Request
      6,152 SF

      1539 J St

      RESTAURANT • 6,152 SF
      1539 J St, Bedford, IN 47421-3839
      View Details
    • Value Estimation by Request
      0.95 Acres

      1425 James Ave

      RESTAURANT • 0.95 Acres
      1425 James Ave, Bedford, IN 47421-3579
      View Details
    • Value Estimation by Request
      1.50 Acres

      2803 16th St

      RESTAURANT • 1.50 Acres
      2803 16th St, Bedford, IN 47421-3507
      View Details
    • Value Estimation by Request
      5,780 SF

      3916 Pumphouse Rd

      RESTAURANT • 5,780 SF
      3916 Pumphouse Rd, Bedford, IN 47421
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $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
    • $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
    • $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
    • $575,000
      5.42 Acres

      High-Traffic Showroom and Retail Space

      5+ acres near Highway 37 and 16th Street/158 in Bedford.
      1600 Williams Rd, Bedford, IN 47421
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      2,780 SF

      Bedford Restaurant/Bar Retail Space

      Restaurant/bar/retail property in Bedford, Indiana available for lease.
      802 16Th St, Bedford, IN 47421
      View Details
    • $12 SF/Yr
      141,900 SF

      JayC Plaza Retail Space Available

      Bedford, IN: Prime Retail Opportunity
      2631 16Th St, Bedford, IN 47421
      View Details
    • $1,500 /Mo
      4,800 SF

      Highly Visible Retail or Office

      Retail or office space with high visibility and signage opportunities.
      1001 15Th St, Bedford, IN 47421
      View Details
    • Contact for pricing
      1,601 SF

      Retail Space in Town Fair

      Retail space available in Town Fair Center on James Ave.
      1018-1224 James Ave, Bedford, IN 47421
      View Details
    • Contact for pricing
      1,122 SF

      Retail Space with High Visibility

      Retail space in high-traffic area, excellent visibility.
      3291 16Th St, Bedford, IN 47421
      View Details
    • $1,500 /Mo

      Visible Retail or Office Space

      Retail or office space with high visibility and great access.
      1001 15Th St, Bedford, IN 47421
      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.
    1801 Plz Dr
    Bedford, IN 47421-3520
    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.