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    Property profile & analytics

    2038 Walnut St Bloomington, IN 47404-2430

    • Turn key restaurants
    • 8,327 SF
    • 1.64 lot acres
    OFF-MARKET
    Value Estimation
    $445,000
    Last Sale
    Oct 11, 2023
    Location Intelligence
    Property ID
    US31-1169109
    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 2038 Walnut St

    Year built
    1978
    Construction
    WOOD
    Lot size
    1.64 lot acres
    Property size
    8,327 SF
    Property type
    Turn key restaurants
    APN
    53-05-28-300-167.000-005
    APU
    530528300167000005

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.5335
    Latitude
    39.1843
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, IN 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
    $8,927
    $656,000
    $185,600
    $841,600
    -
    $656,000
    $185,600
    $841,600

    Comparable in this City

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      3750 3rd St

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      3300 3rd St

      RESTAURANT • 2,790 SF
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      7,440 SF

      204 Walnut St

      RESTAURANT • 7,440 SF
      204 Walnut St, Bloomington, IN 47404-4908
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      6,377 SF

      106 Walnut St

      RESTAURANT • 6,377 SF
      106 Walnut St, Bloomington, IN 47404-4911
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    • Value Estimation
      $385,000
      3,416 SF

      5621 State Rd 46

      RESTAURANT • 3,416 SF
      5621 State Rd 46, Bloomington, IN 47404-9721
      View Details

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      Downtown Bloomington Office Space

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    2038 Walnut St
    Bloomington, IN 47404-2430
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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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